The Knowledge Centre

Inheritance Tax – Some IHT Planning Options Using Trusts Inheritance Tax (IHT) could be considered a ‘voluntary’ tax – give away assets, live seven more years, assets outside your estate for IHT purposes….except it is usually not as simple as that. Giving away assets also means giving away the income from that asset and losing […]

Inheritance Tax & Owner Managed Companies In this article, we explore, transactions, Inheritance Tax (IHT), Capital Gains Tax (CGT), Corporation Tax & Income Tax – Owner Managed Companies It is relatively common for owners of family and owner managed companies to enter into transactions with their company. The capital gains tax, corporation tax and income […]

Asset Protection A Client may be looking to protect his assets from a variety of financial predators: For example, a business owner might be looking to hold family shares on a trust to protect them from her son entering in to a marriage that doesn’t last An investor might want to hold property or other […]

Inheritance Tax planning is a key part of protecting your personal balance sheet from financial ‘predators’.   With a standard rate of 40% above the personal allowance of £325,000, without effective planning, Inheritance Tax (“IHT”) has the potential to take a considerable proportion of an individual’s legacy and a family’s assets. How you structure your […]

Business Property Relief & AIM Shares – An Introduction As we have seen in other articles in our business property relief signpost, Business property relief (BPR) is an incredibly attractive relief. This is no truer than for unquoted shares in trading companies. Here, the headline rate of relief is 100% of the value of the […]

Business Property Relief – Signpost – Introduction Business property relief (BPR) is an attractive relief. None more so than for unquoted shares in trading companies where the headline rate of relief is 100% of the value of the shares. We have developed a number of articles that clarify the basics, and some of the wrinkles, […]

Business Property Relief & Caravan Parks – an Introduction It is true to say that the caravan park industry is a somewhat varied industry. On the one-hand, we have rather sophisticated holiday and leisure parks which are more akin to Center Parcs than the traditional pitch at a touring caravan park. Such a facility may […]

Understanding BPR – What is Business Property Relief? General Background on BPR Business Property Relief, often referred to its acronym BPR as shorthand, is an extremely attractive inheritance tax (“IHT”) relief. It potentially provides for a relief against IHT in respect of qualifying assets (relevant business property) in relation to both: Lifetime transfers; and In […]

Business Property Relief Holding Period – General Position Generally speaking the relevant business property must be held for at least two years in order to qualify for relief. The type of the business carried on by the business property does not have to be the same for the two year holding period. However, there must […]