IHT Planning for Businesses and Farms in a Changing Environment

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Maximising BPR & APR, in lifetime planning, wills and post-death planning, is vital for farm and business owners. This session will cover:

• An outline of the basics for 50% & 100% APR & BPR
• Some crunch issues including the “wholly or mainly” test, for mixed trading and investment businesses
• And excepted assets – what if you have “too much cash”?
• BPR for farmers and issues to watch as environmental land management is revamped, changing established tax certainties
• Use of NRB Discretionary Trusts, the importance for RNRB and some drafting issues, including uncertainty re eligibility for APR & BPR
• Some lifetime succession planning, including avoiding proprietary estoppel claims

John Bunker, Solicitor, Chartered Tax Adviser and Lecturer