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Protecting Your Business From Inheritance Tax
If you run a business that you plan on passing to your family when you die, you should consider how best to do this whilst minimising the amount of Inheritance Tax (IHT) that they will pay. Protecting your business from IHT could mean the difference between beneficiaries having to sell the company to pay an IHT bill or being able to fulfil your wishes and keep the business in the family.
How JMW Can Help
Our knowledgeable team will explore your options for minimising IHT on your business. Not all businesses qualify and those that are partly trading might be denied relief on the whole value. However, small changes to the structure of the business could mean securing relief on all or part of the assets. Similarly, businesses that run a buy-to-let portfolio do not qualify.
We will look at how best to structure your business to secure Inheritance Tax relief and meet your future growth plans. For more information about business property relief, click here.