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May 2025

New Inheritance Tax Rules Could Hit Business Owners Hard

While there’s been a lot in the news about the effect of the changes to Inheritance Tax (IHT) announced in the 2024 Autumn Budget on farmers, the impact on business owners has been less well publicised.  If you own an interest in a business worth more than £1 million then your exposure to Inheritance Tax (IHT) could increase from April next year.