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IHT planning for your client’s business ― overview

Produced by a Tolley Trusts and Inheritance Tax expert
Trusts and Inheritance Tax
Guidance

IHT planning for your client’s business ― overview

Produced by a Tolley Trusts and Inheritance Tax expert
Trusts and Inheritance Tax
Guidance
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This guidance note gives an overview of the ‘IHT planning for your client’s business’ sub-topic. How do changes to the business structure affect qualification for BPR? Where should the business premises held to maximise BPR? What is the best way to ensure that BPR is preserved in respect of lifetime succession planning and death planning? What are some practical tips that can be used to ensure that BPR is captured where possible?

In this sub-topic, for ease of reference, ‘trading’ is used to mean a business that does not consist wholly or mainly of making or holding investments and ‘investment’ to mean a business that does consist wholly or mainly of making or holding investments though these are not terms used in the legislation and are generally best avoided in any technical analysis other than as shorthand.

Practical

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