top of page
  • Writer's pictureNaresh Sethi


It is not financially wise to retire - or rather you can save a lot of inheritance tax if you do not retire.

In a drive to encourage business succession the government introduced "BUSINESS RELIEF FOR INHERITANCE TAX" many years ago. [ ]

The ownership of a business or shares in a business is included in the estate for inheritance tax ourposes BUT you can get BUSINESS RELIEF of either 50% or 100% on some of an estate's business assets which can be passed on:

- while the owner is still alive ( )

- as part of a will

You can get 100% Business Relief on a business or interest in a business &/or shares in an unlisted company;

if certian conditions are not met one can only get 50% releif.

You can only get Business relief if the deceased owned the business or asset for at least 2 years before they died.

The executor of the the will or admisnistrator of the estate can claim using forms IHT400 and IHT413.

13 views0 comments

Recent Posts

See All

To: The Monetary Policy Committee Bank of England Threadneedle Street, London EC2R 8AH THE PITFALLS OF HIGHER INTERST RATES: Higher interest rates can be useful for slowing or reducing inflation in th

bottom of page