Simon Ruthers: The role of business relief in estate planning

Full IHT relief after two years

clock • 3 min read

Business relief assets can offer an excellent estate-planning solution, argues Simon Ruthers, but advisers need to take time to understand the underlying investment and ensure it meets clients' risk appetites and aspirations

The government's take from inheritance tax (IHT) is expected to burst through the £5bn mark this year and to exceed £6.2bn by 2022. According to the latest Office for Budget Responsibility figures, meanwhile, the IHT take is expected to double over the decade to 2022. This huge rise opens up significant planning opportunities - but advisers need to be aware not all investment-based solutions are equal. While different solutions may look similar, the underlying investments could vary markedly, offering widely different investment outcomes for clients. Longer-term solutions to protect e...

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

Majority of advisers think NI cut will not boost pensions savings

Majority of advisers think NI cut will not boost pensions savings

Only one in ten think people will put the extra cash into pensions savings

Isabel Baxter
clock 11 March 2024 • 1 min read
Partner Insight: Royal London's Fiona Hanrahan — 'Your top tax year end questions answered'

Partner Insight: Royal London's Fiona Hanrahan — 'Your top tax year end questions answered'

Fiona Hanrahan, Senior Intermediary Development and Technical Manager, Royal London
clock 08 February 2024 • 3 min read
Treasury collects £2bn in 12 weeks as IHT receipts continue to soar

Treasury collects £2bn in 12 weeks as IHT receipts continue to soar

Figure breaks down at £22m a day for the government’s coffers

Hope William-Smith
clock 21 July 2023 • 2 min read