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Ensure your family business thrives with effective succession planning. Learn strategies for preparing successors, navigating challenges, and mitigating inheritance taxes.

A number of important reliefs from inheritance tax are soon to be restricted for those owning land outside the UK.

Ahead of this year’s Autumn Statement, the Chancellor noted that tax cuts will be ‘virtually impossible’ given the current state of the UK economy and the country’s current debt levels.

Inheritance tax (IHT) is payable by individuals who die, leaving behind estates valued in excess of the IHT nil rate band of £325,000.

Historically, family businesses have been the backbone of our economy. Time and again they have proved their resilience and emerged through societal turmoil and economic hardship