The April 2022 Business Relief Industry Update explores today’s most important and emerging trends in the context for Business Relief (BR), including the surge of inheritance tax receipts as reflected in HMRC statistics and the crucial issue of lasting power of attorney (LPA).
The Covid-19 pandemic has caused a significant deterioration in public finances, prompting calls for a more robust inheritance levy. Meanwhile, the confluence of high inflation, rising interest rates, and Russia’s invasion of Ukraine has increased pressure on savings, wealth and inheritance.
The BR scheme is more important than ever, in an era when inheritance tax is no longer the scourge of the super-wealthy, with more and more hardworking families ensnared by ‘the most hated tax’.
You can claim up to 2 hours CPD for reading the Update and it is free to access here.
Remember to claim up to 2 hours CPD after going through the highly readable report.