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.
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 considers the Chancellor’s likely plans at the Budget and what pre Budget action taxpayers may be able to take.
Craig Simpson, Tax Partner at Bates Weston considers the threat of Capital Gains Tax increases and the impact on family succession timing.
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.
Craig Simpson, Tax Partner at Bates Weston, considers the implications of using deferred consideration to pay outgoing shareholders when an Employee Ownership Trust (EOT) is created.
Should you consider accelerating your business disposal to capture the current rates of Capital Gains Tax?
Understanding the dos and don’ts of demergers is vital. Demergers are complicated in terms of tax technical input, but done correctly the tax savings should significantly outweigh the costs.
Craig Simpson, Tax partner at Bates Weston explains how HMRC clearances work, and when and why you might need them.
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