More than 250,000 people have backed the NFU’s campaign to reverse the family farm tax, signalling to the government that the public disagrees with the cruel, ill-thought-out policy. The NFU campaign attracted an increase of 50,000 signatures over just two days in the lead-up to and after the NFU’s mass lobby of MPs in Westminster on 19 November. NFU President Tom Bradshaw said: “I want to send a heartfelt thank you to the public from the whole farming community for backing o

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

Coach operators across Britain have warned that the long-term viability of their business is under threat from changes to Inheritance Tax...

Following the announcement in the Budget Family Business United was asked to provide a template letter for family businesses to edit and...

Family Business United has written to the Chancellor of the Exchequer to voice the concern of the family business sector in light of the changes announced in the Autumn Budget following discussions with numerous members and consultation with other members of our community. Further letters were sent to other key figures including Kemi Badenoch MP, the leader of the Opposition. As Paul Andrews, Founder and CEO of Family Business United explains, "As the CEO of Family Business

Perhaps the biggest surprise in the Budget was the extent of the restrictions imposed on two valuable inheritance tax reliefs, being Agricultural Property Relief (APR) and Business Property Relief (BPR). Is this the end of the road for BPR and APR? Accountants from Rickard Luckin share their thoughts. What Changes Were Made To BPR And APR In The Budget? The 'Current Rules' Until 30 October, anyone holding an asset on death, or who had given one away in the seven years before

The NFU has responded to Defra’s Farm Business Income (FBI) figures which show record falls since 2022/2023. NFU President Tom Bradshaw...

As part of the ongoing #FamilyBusinessMatters campaign, in light of announcements in the Autumn Budget, Family Business United ('FBU') is...

As of today (November 13) there are just 102 working days left for entrepreneurs to cash in before new higher rate on capital extraction...

The UK Budget 2024 has introduced some notable changes to Business Property Relief (BPR), prompting fresh considerations for family...

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

Analysis and commentary from AAB’s team of tax experts, identifying the key changes and outlining the practical implications of the...

For well over 30 years, death has actually been an effective form of inheritance tax (IHT) planning with business assets (such as shares...

Family business leaders across the nation are struggling to come to terms with the devastating impact that the recent Budget will have on...

Responding to the Budget Statement by the Chancellor of the Exchequer, Dr. Roger Barker, Director of Policy at the Institute of...

The Budget is a blow to British farmers and could lead to food price rises, the NFU has warned. The Budget will add to the cost of...

Alina Timofeeva, a board member for the British Computer Society, has expressed deep concern over the recent UK Budget's potential impact on small businesses, particularly regarding AI security, Cyber security, and innovation. "The increased tax burden on small businesses will inevitably lead to reduced investment in critical areas like AI security, Cyber security and innovation," Timofeeva warned. "This could leave them more vulnerable to Cyber attacks, which are on the rise