Business Property Relief from Inheritance Tax 

Your shares would be completely exempt from IHT provided they have been held for 2 years, the company is trading and it does not hold 'expected assets' that are very simply assets that are not used for business purposes. The land used in the trade would qualify as a business asset.

Capital Gains Tax Hold Over Relief 

Provided the shares are business assets then it would be possible to gift the shares and hold over any capital gain.

Capital Gains Tax Relief Entrepreneurs Relief

It is possible for certain investors to qualify for this relief so the the first £1million of any gain made would be taxed at 10%. Those investors would need to own over 5% of the ordinary share capital for more than 1 year and be an officer or employee of the company. Therefore it would not be available to everyone but is another potential attraction for larger investors.

Contact Us to find out if you qualify for tax relief.

This is based on our current understanding of UK tax law. You need to appreciate that it is possible for tax rules to change retrospectively, this is not common but cannot be ruled out. It is also possible that with the passage of time tax rules may change (we make no guarentees that the rules as currently set out will continue to exist for any period) and so this should be viewed as advice based on current legislation and you should always check that the advice is still current before taking any action.