Using business relief to tackle IHT

If asked about inheritance tax (IHT) planning, the most common solutions are probably wills, trusts, gifting and use of the transferable nil rate band. If further consideration is required, putting capital into enterprise investment scheme (EIS) funds or directly into AIM shares might be cited. However, there is another way; one that could be more suitable for a number of clients than some of these options, particularly higher-risk EISs. Like an EIS, this approach creates value for the UK economy and can generate attractive returns, but with only a fraction of the risk. The solution i...