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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Safeguarding clients in a world of increasing HMRC activity

Safeguarding clients in a world of increasing HMRC activity

'It is important that financial advisers stay informed and proactive'

Louisa Beciri and Tom Lewis
clock 23 April 2025 • 4 min read
IHT receipts swell to record £8.2bn for 2024/25

IHT receipts swell to record £8.2bn for 2024/25

10% higher than last year, commentators note

Jen Frost
clock 23 April 2025 • 2 min read
HMRC gears up for an increase in criminal investigations

HMRC gears up for an increase in criminal investigations

'Criminal investigations are reserved for the most egregious cases'

John Hood
clock 17 April 2025 • 4 min read