New Business Property Relief Campaign

Family Business United is encouraging family business owners, leaders and representatives across the UK to join them in sending a letter to the soon to be appointed Prime Minister seeking a full reversal, or at least a review and consultation, on the damaging implications of the changes to Business Property Relief and Agricultural Property Relief on the long-term sustainability of multigenerational family businesses.

As Paul Andrews, Founder and CEO of Family Business United explains, "The changes to BPR fundamentally affected family businesses, those firms at the heart of the national economy that seek to build sustainable businesses for generations to come. Family firms are significant income generators, employers, wealth creators and tax payers yet the changing legislation cuts to heart of long-term decision making as families in business now have to look at ensuring funds are available to pay future inheritance tax liabilities when there is no actual liquidity event. "

"This puts long standing family firms at risk with many looking at their options which could involve a disposal to an overseas buyer or private equity backed operation which will see them focused more on short term financial gain that long term sustainability, putting jobs at risk and reducing tax revenues too."

"All we are asking for is that the Government review the impact of the regulations to provide family firms with the opportunity to continue to invest and grow, supporting the growth ambitions of the Government."

"At the same time which will provide more jobs, sustainable growth and development in all corners of the country, and generate more tax revenue as a result."

Family businesses are encouraged to sign the open letter to the Prime Minister by completing the short form below, adding their voice to a campaign that it is hope will make a difference.

Sign The Letter To The Prime Minister