If you are planning to pass on your family business you will need to consider the most tax efficient way of doing so and much will be determined by the availability of Business Property Relief (BPR).
The 100% rate of Business Property Relief (BPR) from Inheritance Tax (IHT) has been with us now for many years – though its continuation cannot be guaranteed for the future. However, not all businesses will qualify - and certain business assets will only attract 50% relief.
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