Business and Agricultural Property Relief from Inheritance Tax

If you are a business owner or farmer and want to ensure that your business or farm passes to the next generation intact, call JMW on 0345 872 6666 or complete the online enquiry form on this page and our inheritance tax experts will be happy to offer advice.

For your business

Inheritance tax is payable at 40% on the value of a person’s estate in excess of £325,000, but relief is available for shares in a company or property used in a company, which can be up to 100%. A chat with one of our friendly and practical advisers will help to ensure that your hard-earned capital will not be exposed unnecessarily to inheritance tax.

We can also:

  • help you structure lifetime gifts of business property to family members who are working within the business as incentives 
  • assist as you begin to wind down your involvement with the day to day running of the company 

For your farm

Inheritance tax is available on farmland and machinery as well as interests in farming partnerships or companies at either 100% or 50%. Whilst the rules differ only slightly, ensuring that you qualify for the relief can mean the difference between the farm passing down to the next generation intact or part having to be sold to fund the tax bill.

Our team is experienced in ensuring that your farming interests are held in such a way as to secure the maximum tax relief possible. Whether you want to lease out farmland that you no longer farm yourself but still want to secure inheritance tax relief, or you want to make a lifetime gift of some of your interests to family members, call the approachable team at JMW and we can help you get your affairs in order.

Get in touch

Our team works alongside your existing advisers to reach a bespoke solution for your situation.  If you would like a no obligation discussion, please contact the team on 0345 872 6666 or complete our online enquiry form and our tax planning team will be in touch.

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