In an era defined by rapid globalisation, digital disruption, and shifting consumer expectations, one business model continues to quietly...

After decades at the helm of a family business—steering it through the highs and lows, the recessions and recoveries—retirement should be...

Major changes are coming to one of the most valuable inheritance tax (IHT) reliefs for UK business owners. From 6 April 2026, sweeping...

Despite concerns around future leadership shortages, UK businesses are not taking sufficient action to strengthen their succession plans,...

As the ‘baby boomer’ generation reaches retirement age, a growing number of family business owners are considering an exit. In fact,...

For family businesses, passing wealth and control to the next generation can be both a strategic and an emotional journey. However, evolving tax legislation is putting increasing pressure on these transitions especially in light of upcoming changes to Business Property Relief (BPR) and rising tax burdens such as National Insurance increases. These developments are prompting many families to reassess their business structures and succession planning. In this article, we will

A national survey commissioned by UK law firm Brodies LLP has revealed that UK residents aged 50 and over are underprepared for the upcoming changes to inheritance tax (IHT), with only 26% fully understanding how the new rules will impact their wealth transfer plans. The representative YouGov survey of 2,001 adults highlights concerning gaps in estate planning and family communication, raising alarms about the risks of inadequate succession strategies in the wake of the new

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