Advisers favour business relief in IHT planning - research

Business relief used by 83% of surveyed advisers

Jenna Brown
clock • 2 min read

Business relief (BR) is being utilised by the majority (83%) of advisers and wealth managers as an inheritance tax (IHT) planning tool for clients, according to research from Time Investments.

The estate planning solutions provider said many advisers favoured using BR into estate planning because it offers a faster route to IHT relief - it explained BR required only two years to gain IHT exemption instead of seven years with gifting or trusts. Time said 12% of advisers recommended BR at least once a month as their preferred IHT solution for clients, with an additional 34% recommending it every three months. It added the majority (76%) were using it up to twice a year. The research, which surveyed 214 financial advisers and wealth managers in September, also showed that when...

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