Rushed decisions on IHT liabilities could prove costly, writes MARK PRYCE It used to be the case that entrepreneurs and business owners could transfer over their longstanding commercial legacies to the next generation without the fear of a huge cash tax bill on their death. Changes announced by the Chancellor have not only caused widespread […]
Business property relief
Tax changes may prompt a family rethink
Changes in tax relief may mean families need to change their plans for the future, say RITCHIE WHYTE and AILEEN ENTWISTLE For decades, pensions were seen as the “safe haven” to cascade wealth efficiently down through the generations. However, changes to how pensions are treated for inheritance tax (IHT) have left many clients perplexed and […]