Navigating 2026 Inheritance Tax Changes: Gifting shares to mitigate tax burden In the 2024 Autumn Budget, Chancellor Rachel Reeves announced plans to reform Agricultural Property Relief (APR) and Business Property Relief (BPR) from April 2026. At present,...
How big is the tax gap? Which taxes make up the tax gap, which groups of taxpayers and what behaviours make up the tax gap?
Bates Weston Corporate Finance team complete the sale of Dorset based Apple House Limited to National Care Group. The vendors benefitted from current Business Asset Disposal Relief as the rate increases to 14% in April 2025. The rate is set to increase again to 18% from April 2026.
Craig Simpson, Tax Partner at Bates Weston, considers the impact the Government’s proposed changes in the treatment of pensions for Inheritance Tax purposes will mean for business owners, and what can be done to prepare for them.
In some circumstances it is possible to make a gift out of surplus income which is immediately exempt from Inheritance Tax (IHT), meaning the usual 7 year survival of the donor is not needed to exempt the gift.
Craig Simpson, Tax Partner at Bates Weston highlights the impact of the changes to Inheritance tax on business and agricultural assets on privately owned businesses as well as the farming community.
Unused pension schemes will attract Inheritance Tax on death from 6 April 2027. Craig Simpson, Tax Partner at Bates Weston looks at the changes and the impact on the tax burden on your estate and beneficiaries.
The changes to Business Asset Disposal Relief (BADR) announced in the Budget will reduce the rewards for those who take the risk of setting up a new business and driving its success.
How will the changes to Business Property Relief affect your Inheritance Tax bill? If you hold shares in your trading company or an interest in a partnership or sole trader, from 6 April 2026 you are likely to pay 20% inheritance tax on the value of your holding or interest above £1m. Why? Because of the changes to Business Property Relief announced in the Autumn Budget.
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