Simon Ruthers: The role of business relief in estate planning

Full IHT relief after two years

clock • 3 min read

Business relief assets can offer an excellent estate-planning solution, argues Simon Ruthers, but advisers need to take time to understand the underlying investment and ensure it meets clients' risk appetites and aspirations

The government's take from inheritance tax (IHT) is expected to burst through the £5bn mark this year and to exceed £6.2bn by 2022. According to the latest Office for Budget Responsibility figures, meanwhile, the IHT take is expected to double over the decade to 2022. This huge rise opens up significant planning opportunities - but advisers need to be aware not all investment-based solutions are equal. While different solutions may look similar, the underlying investments could vary markedly, offering widely different investment outcomes for clients. Longer-term solutions to protect e...

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

More than one in five UK adults lack confidence in inheritance planning

More than one in five UK adults lack confidence in inheritance planning

Retirement planning and investments also areas where people lack confidence

Isabel Baxter
clock 20 November 2024 • 1 min read
Advisers face surge in demand as more deaths set to trigger IHT charge

Advisers face surge in demand as more deaths set to trigger IHT charge

Proportion of deaths subject to IHT will rise from 5.1% to 9.5% by 2029/30

Isabel Baxter
clock 14 November 2024 • 2 min read
Evelyn Partners CEO Geddes warns of 'stifling' CGT change impact

Evelyn Partners CEO Geddes warns of 'stifling' CGT change impact

Paul Geddes urges for caution on tax changes

Jen Frost
clock 18 October 2024 • 2 min read