BUSINESS SUCCESSION PLANNING and inheritance tax

At, Kindred Estate Planning, we advise a variety of business owners on the importance of maximising their Inheritance Tax allowances.

 

If you have a qualifying business then those assets may be eligible for a relief known as Business Property Relief (BPR).

 

We are able to review our client's Shareholders Agreements and prepare Cross-Option Agreements in order to streamline the probate process.

HOW LONG DO I NEED TO HAVE OWNED MY
Business?

An Executor can only claim the relief if the deceased owned the business or asset for at least 2 years before they died.

WHAT ASSETS ARE ELIGIBLE FOR
100% relief?

a business or interest in a business; and

shares in an unlisted company

WHAT ABOUT PROPERTY DEVELOPMENT
Businesses?

If your business wholly, or mainly, deals with securities, stocks or shares, land or buildings, or in making or holding investments then it is not entitled to BPR.

Contact us to arrange an initial consultation to discuss BPR and how we can help you.