Inheritance Tax
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‘But the business will be covered by BPR, surely I<br />
can rely on that!’<br />
Business Property Relief is very valuable<br />
and potentially provides exemption from<br />
<strong>Inheritance</strong> <strong>Tax</strong> for the family company.<br />
However over time, businesses and<br />
activities change. Significant amounts of<br />
surplus cash on balance sheets or<br />
investments that have built up over the<br />
years can mean that an unexpected IHT<br />
liability falls on the next generation.<br />
Furthermore, longer term strategies for<br />
growth, diversification and de-risking are<br />
likely to involve external investment as<br />
well as additional personal liquidity and<br />
assets that will not benefit from the relief.<br />
<strong>Tax</strong> is an important consideration but<br />
certainly not the only one<br />
© 2016 KPMG LLP, a UK limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International<br />
Cooperative (“KPMG International”), a Swiss entity. All rights reserved.<br />
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Document Classification: KPMG Confidential