Estate Planning: Leaving Your Business To Your Heirs
- March 10, 2019
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- Issac Qureshi
- Branding, Coaching, Dealmaker, Deals, Development, Issac Qureshi, Leadership, Marketing
Issac Qureshi looks at ways to pass on an owner-managed business. This article outlines some options open to a business owner to successfully leave the business to others. Inheritance tax (IHT) is an important consideration on death; chargeable assets above the ‘nil rate band’ of £325,000 (for 2018/19) could be subject to IHT at 40%.