Are you missing an opportunity by not discussing the benefits of business property relief as an IHT tool with clients?
Traditionally wealthy families sought advice on inheritance tax (IHT) mitigation from their family solicitor or accountant. In the last decade the number of estates liable for IHT has increased by approximately 40%. With more people caught by IHT the net for advice is being cast wider and advisers have an opportunity to help their clients plan ahead. Business property relief (BPR) offers a number of options for clients and comparatively speedy results relative to more traditional methods like gifting and trusts. Until 2015 the rate for IHT is set for 40% on any estate that is worth in...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
