Advisers favour business relief in IHT planning - research

Business relief used by 83% of surveyed advisers

Jenna Brown
clock • 2 min read

Business relief (BR) is being utilised by the majority (83%) of advisers and wealth managers as an inheritance tax (IHT) planning tool for clients, according to research from Time Investments.

The estate planning solutions provider said many advisers favoured using BR into estate planning because it offers a faster route to IHT relief - it explained BR required only two years to gain IHT exemption instead of seven years with gifting or trusts. Time said 12% of advisers recommended BR at least once a month as their preferred IHT solution for clients, with an additional 34% recommending it every three months. It added the majority (76%) were using it up to twice a year. The research, which surveyed 214 financial advisers and wealth managers in September, also showed that when...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Farming families must be proactive on advice ahead of APR/BPR change

Farming families must be proactive on advice ahead of APR/BPR change

‘The difficult conversations need to happen now’

Sahar Nazir
clock 03 April 2025 • 6 min read
Business' tax year planning – a reminder on carry forward

Business' tax year planning – a reminder on carry forward

'The carry forward rules can be difficult to navigate'

Caitlin Southall
clock 31 March 2025 • 4 min read
Tax year-end/tax year-start: Unfounded fears and enormous upside

Tax year-end/tax year-start: Unfounded fears and enormous upside

'Clients are tuned in to tax efficiency'

Phillip Wickenden
clock 27 March 2025 • 5 min read