Family businesses on brink after inheritance tax crackdown Business The damage wrought by the Chancellor’s inheritance tax crackdown on family firms has been laid bare by fresh research that found over a third are on the brink of closure before the end of the parliament. A poll of family business owners found nearly two thirds of the UK’s 4.8m family businesses are worried about [...]
Wealthy parents ramp up gifts ahead of feared inheritance tax raid Wealth Parents are locked in a race to organise financial gifts and inheritance tax arrangements ahead of an anticipated clampdown at next month’s Budget, with some advisers reporting a doubling of transactions in recent weeks. Half a dozen lawyers and tax advisers told City PM that the widely expected overhaul of gifting rules at the Budget [...]
