Which Business Assets Qualify for Inheritance Tax Relief
When you own a business or hold shares in a trading company, the value of that business can form a large part of your estate. Without careful planning, inheritance tax (IHT) could take a significant slice of what you had intended to pass on. The good news is that certain business assets qualify for reliefs that reduce or remove the IHT charge. Understanding which assets qualify, and under what conditions, is essential for anyone thinking about company succession planning.
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