IHT - Aim to limit relief?
Date: Friday 28th October, 2011
Author: Lisa Spearman
Profile: Lisa Spearman
The twittersphere contains reports that business property relief for IHT on unquoted stocks and shares may be removed in the next budget.
The twittersphere contains reports that business property relief for IHT on unquoted stocks and shares may be removed in the next budget. This area has long been recognised as a generous relief but it is not clear whether this is merely the latest rumour or if there is any substance to the story. Certainly it does not take a huge change in the legislation to re focus the relief onto owner managed businesses rather than AIM portfolios of investments.
November 29 is probably the earliest date for any announcement but it is worth considering now if there is anything to be done to protect any relief accrued to date.
Lisa Spearman is a tax adviser and a partner at Mercer & Hole. The views given in this blog are personal to the author.
Email Lisa Spearman
Keywords: 'IHT reliefs' 'autumn statement budget 2012' 'business property relief for IHT' 'unquoted stocks and shares'
Please note that the opinions expressed in this blog represent the views of the author and not the views of Mercer & Hole.