BR Guide FINAL 20 Feb

37 BR INVESTMENT OPTIONS Young entrepreneur with unstable health If the worst were to happen, she wants to ensure her friends and family benefit as much as possible 3. BR INVESTMENT OPTIONS 36 2 YR QUALIFYING PERIOD 3 YR ENTREPRENEURS’ RELIEF QUALIFICATION 3 YR REPLACEMENT WINDOW BR Product Timeline Types of BR products and the types of clients they might attract CLIENT & ADVISER MEETING Client funds transferred to relevant investment manager Manager invests funds Shares held for 2 years become potentially exempt from IHT 2 YEARS 3 YEARS Manager sells non- qualifying shares Manager notes change in main activity of main company which makes underlying shares non- BR qualifying Client dies Manager buys replacement shares with entire funds from non-qualifying share proceeds MANAGER MONITORS UNDERLYING ASSETS TO ENSURE BR QUALIFICATION 3 YEARS HMRC assesses estate and grants BR Couple in early 50s, both still working Looking for growth to offset inflation and to continue building their wealth 1. Unlisted shares through manager with annual contribution option, focusing on fairly young companies with growth potential. Company with excess cash No plans to use it currently, but concerns over future cashflow needs 2. Corporate BR service that keeps the funds accessible to the company but ensures BR qualification. A BR product with insurance to offset the IHT bill if the entrepreneur dies within the first two years.