How will the changes to Business Property Relief affect your Inheritance Tax bill? If you hold shares in your trading company or an interest in a partnership or sole trader, from 6 April 2026 you are likely to pay 20% inheritance tax on the value of your holding or interest above £1m. Why? Because of the changes to Business Property Relief announced in the Autumn Budget.
Craig Simpson, Tax Partner at Bates Weston considers the Chancellor’s likely plans at the Budget and what pre Budget action taxpayers may be able to take.
Richard Coombs, tax partner at Bates Weston looks at selling part of a business and considers whether a business separation demerger is the answer.
Rachel Reeves is building up to tax increases. Capital Gains Tax (CGT) and higher rate relief on pension contributions are the likely targets. Craig Simpson, Tax Partner at Bates Weston sets the scene for tax increases and the actions to consider.
Should you consider accelerating your business disposal to capture the current rates of Capital Gains Tax?
Richard Coombs, tax partner at Bates Weston, uncovers the problems demergers are designed to fix. He explains how problems arise and why trying to resolve them using anything other than a demerger can often lead to significant tax charges.
What are your options when selling your company? Discuss Trade Sale, Management Buyout, Family Buyout or an Employee Ownership Trust as possible exit routes with your tax advisor as early as you can.
Bates Weston Tax welcome Liz Pepper to our growing tax advisory team. Major decisions, especially for owner managers, have far reaching impacts. Our job is to help them take the big decisions with confidence. Recognised by Tolleys’ for our work with OMBs, we offer rounded practical tax advice.
Exit date, sale to a third party, MBO, family successor, shareholder buyout – has your business exit planning been affected by Covid-19? As a business owner, your decisions have far reaching consequences for you and your dependents. Take them after exploring your options fully with professional tax advisors.
From compliance to growth, our accounting firm in Derby has you covered. Call us to see how we can help.