As the values of people's estates continue to rise, a growing number of families will develop potential IHT bills, making effective estate planning - including business relief - an increasing priority, says Jack Rose
This tax year more than any previously it feels as if tax-advantaged investments have stepped out of the shadow and into the mainstream for many advisers. As the frenzy of VCT and EIS investment for the 2016/17 tax year subsides, advisers' attention can return to long-term inheritance tax (IHT) planning making use of business relief. In the last tax year alone, an estimated £1.1bn was raised into IHT strategies that used business relief - a 22% increase on the previous year. So what are the benefits and why are more people starting to consider these type of solutions alongside some ...
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