Your Business Legacy

Protecting Your Business Legacy from Inheritance Tax

Running a successful business takes years of hard work, sacrifice, and commitment. Understandably, you will want as much of that value as possible to pass to your loved ones or chosen successors — not to HM Revenue & Customs. However, many trading business owners find their estates could face significant Inheritance Tax (IHT) liabilities in the future, particularly once they exit the business or release capital for retirement.

Business Relief – a flexible solution

Business Relief (BR) is a long-established part of UK tax legislation designed to encourage investment into trading businesses. Qualifying investments can benefit from up to 100% relief from IHT after just two years — provided they are still held at the time of death.

Suitable for individuals who wish to:

· Reduce a potential IHT liability quickly and efficiently

· Retain control of their capital (unlike gifting strategies)

· Keep funds in their own name with access if circumstances change

· Support innovation and the UK economy by investing in trading companies

Why business owners consider BR investments

· They may already have used other allowances and exemptions

· They want to avoid complex, lengthy trust arrangements

· A future sale of the business could reduce BR eligibility on proceeds

· They want to plan early for exit, retirement or succession

We invite you to join us at the Theatre Royal Plymouth on 3 December 2025 to gain a deeper understanding of Business Relief opportunities and the potential advantages they may offer.