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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 />

3<br />

Document Classification: KPMG Confidential

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