Mirandus Accountants is an expert accounting and chartered tax advisory practice based in London and Edinburgh. We specialise in meeting the needs of private clients and their businesses.
Visit our Mirandus Wealth site for your financial planning. If you have pension, investment, protection or mortgage needs, we can help.
If you own a business or certain business assets, BPR can reduce their value for inheritance tax (IHT) purposes by either 50% or 100%. That means more of your estate can pass to your heirs without a 40% tax bite.
BPR is a UK inheritance tax relief designed to keep family businesses and trading enterprises from being broken up when someone dies.
The goal is simple on paper: ensure the smooth transfer of the business to the next generation (or chosen successors) while protecting family wealth and relationships.
The reality is a labyrinth of tax law, governance, and human emotion. Let’s untangle it.
Inheritance Tax has always been a hot topic for business owners and families looking to preserve wealth across generations. With the government’s proposed reforms set to take effect in 2027, the landscape is about to shift in ways that could dramatically alter succession planning. For some, these changes will close long-standing reliefs and tighten eligibility rules; for others, they may open the door to new strategies.
In this case study, we’ll explore how a typical family business might be affected under the new regime. By walking through ownership structures, Business Property Relief eligibility, and potential tax liabilities, we’ll see just how significant the impact could be—and what steps can be taken now to prepare.
