The transition of leadership in a family business is never just about passing on titles or control — it’s about preparing the next...

Family business succession under pressure as one in four lack clear heir, new research finds 92% of family business owners want to keep...

Succession planning is often one of the most delicate and decisive phases in the life of a family business. While many enterprises thrive...

Recent news that Prada has agreed to buy Versace in a £1.1billion deal, that brings together two of Italy’s biggest luxury fashion...

Failure to implement a succession plan is one of the main reasons why so few family businesses survive, future generations. The...

Succession planning has always been a difficult topic for many due to the need to confront issues around death and the loss of someone special who has passed. But as the saying goes, ‘there is nothing more certain than death and taxes,’ and the proposed Budget has put the spotlight firmly on family businesses and in particular, Inheritance Tax on the passing of shares from one generation to the next. Ownership succession and the implications are now firmly on the family busin

When business owners decide to step down, one of the most common succession options is to sell the business to a third party. A trade...

Succession planning is an inevitable consideration for every business owner, no matter the size or industry of the business. Eventually,...

Preparing to pass the business to the next generation is often seen as one of the biggest challenges facing the family business,...

The UK Budget 2024 has introduced significant reforms to Agricultural Property Relief (APR) within the Inheritance Tax (IHT) framework, creating major implications for British farmers. APR has long been a vital tool for enabling family farms to pass to the next generation with reduced tax burdens. However, the upcoming changes mean that larger farming estates could face higher IHT liabilities, potentially threatening their financial sustainability. These reforms have already

There have been a lot of inheritance tax (IHT) changes in the recent Budget. High net worth families and businesses have had their...

Are you worried about your family’s financial future? Recent UK Autumn Budget changes have raised concerns for business owners, particularly regarding inheritance tax (IHT). As a business owner, safeguarding your legacy is crucial, and life insurance can be a powerful tool to mitigate IHT. Martin Lindsey, Head of Advice at FBU Partner Brooks Macdonald shares his thoughts. Key Changes In The Autumn Budget Inclusion Of Pensions In Inheritance Tax Calculations Significant cha

The 2024 UK Budget introduces a significant change to inheritance tax (IHT) rules that could reshape financial planning for family business owners. From April 2027, pensions will now be included under IHT assessments, posing new considerations for those aiming to pass on wealth efficiently. For many, pensions have been a key component of inheritance tax planning, but these changes mean it’s time to reassess how retirement savings factor into broader legacy and succession stra

Latest research from STEP highlights the vital need for family business owners to talk and plan to keep their legacy, relationships and...

For family businesses, the question of “what’s next?” can be as complex as it is personal. Many families are currently weighing whether to transition the business to the next generation or consider a partial or complete sale. With recent changes to Business Property Relief (BPR) and Agricultural Property Relief (APR), there’s a renewed need for thoughtful planning. Enter “patient capital,” a form of investment that offers family businesses the time, flexibility, and stability

The exit of your family office team is inevitable. The time to take action is now and preparing now will help ensure a transition that...

Family businesses across the UK are now at a more pressing crossroads, with recent changes to Business Property Relief (BPR) and Agricultural Property Relief (APR) announced in the UK Government’s Autumn Budget. These adjustments are pushing many families to reconsider their options—whether passing the business to the next generation remains viable or if a sale may ultimately serve the best interests of the family, their employees, and the communities they support. The questi

In today's volatile economic and political landscape, businesses face unprecedented challenges. Inflation, interest rates, supply chain...

Succession planning – could employee ownership be right for your family business? Five million. That’s how many family businesses there...

In recent years, the term 'silver tsunami' has gained traction among demographers, economists, and policymakers. It vividly describes the...