Owners of trading businesses have the opportunity to benefit from a significant UK tax relief – Inheritance Tax (IHT) Business Property Relief (BPR).
BPR can allow business owners, on their death, to transfer their business to the next generation without the business being taxed to 40% IHT. Accordingly, for business owners who do not want their business activities to suffer as a result of their death, securing BPR is essential. More…