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.
Here are the headlines from the Chancellor’s Autumn Budget. We have focussed particularly on the business tax measures announced in the Budget.
business rates
A round up of the major announcements we expect to hear in the Autumn Budget 2024 and what we know already.
Craig Simpson, Tax Partner at Bates Weston looks at Inheritance Tax, in particular Business Property Relief and considers what plans Rachel Reeves might have in store for 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.
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.
An overview of Business Relief, formerly known as Business Property Relief and its importance in Inheritance Tax Planning.
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