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Tax planning and your business interests

As a business owner planning how to deal with your business interests in your Will it is critical to consider tax issues.

The complex structure of Inheritance Tax relief means that for some business owners valuable reliefs can be lost if appropriate provision is not made. The relationship between your personal assets and your business interests may sometimes seem a little blurred but, so far as your Will is concerned, the need to treat each type of asset in a way that best suits its tax treatment is vital if the most effective tax treatment is to be achieved.

Even if you have already made a Will you might want us to review it to see if valuable business reliefs otherwise lost are preserved within your Will or whether some updating needs to be carried out.