You and your partners are transferring your business to a company. This has tax pros and cons. One major drawback is the loss of inheritance tax business property relief (BPR). How can you prevent
this and retain the other benefits of transferring the business?
Published 31.08.2022
A friend says that on advice from his accountant he transferred most of his personal investments into his company to protect him from inheritance tax (IHT). Is this a potential tax-saving scheme
worth considering?
Published 17.01.2014
In 2013 new rules were introduced to curb inheritance tax (IHT) avoidance. The trouble is they can also reduce the amount of business property relief (BPR) that director shareholders are entitled to.
How can you avoid the problem?
Published 13.10.2014
Business assets, including unquoted shares, can qualify for 100% relief from Inheritance Tax (IHT). But directors who lend money to their company might lose out on some or all of this. What steps can
you take to maximise relief?
Published 06.09.2012
When you transfer ownership of your family company, as long as conditions are met, special tax breaks apply so that tax isn’t triggered. It’s vital your family understands these or the tax breaks can
be lost. What does it need to know?
Published 25.11.2014
As a director, a large part of your estate might rest in the value of your company shares. And when drawing up your will it might seem the obvious thing to leave these to your spouse, but will this
play straight into the Taxman’s hands?
Published 24.11.2010
Your will has been drafted in a tax-efficient way, but what if your relatives haven’t done the same and landed you with a big tax bill? You’ve heard that a deed of variation could save the day. What
are they and how do they work?
Published 09.04.2008
The Taxman has special anti-avoidance rules for directors who try to save tax by shifting some of their income to their kids. But as they won’t stay children forever, can income shifting work for you
as a long-term plan?
Published 28.04.2010
15 years ago the inheritance tax nil rate band was made transferable. This doubled the tax-free amount for many estates. With a little planning some estates could do even better. Might yours be
one of these?
Published 14.06.2022
Your father left the whole of his estate, mainly consisting of his share in their home, to your mother in his will. As a result there will be a big inheritance tax bill waiting when she dies. What
steps can you take to reduce it?
Published 26.11.2021