The Inheritance Tax residence nil rate band – are you sure you qualify?

Inheritance Tax Planning

From 6 April 2017, the standard inheritance tax nil rate band, which is currently £325,000, was enhanced by an additional “residence nil rate band” (RNRB). This was designed to be fulfilment of the Conservative party’s promise to increase the inheritance tax nil rate band to £500,000 per individual or £1 million per couple. The RNRB […]

Business Succession should be a forethought not an afterthought

Building blocks in business

The future belongs to those who believe in the beauty of their dreams Elanor Roosevelt Business Succession should be a forethought not an afterthought Having spent many years creating and developing a successful business, there may come a time when you want to think about taking a step back and handing the baton on to […]

Passing on the family business

Old people outside coffee shop

The life cycle of every family company is dotted with milestones both positive and negative. One of the biggest challenges facing family business owners is what they do with the business when they wish to take a step back or retire. Friend Partnership look at the logistics of family succession in a business and the […]

Inheritance Tax planning – don’t leave it too late!

inheritance tax planning

For many taxpayers, Inheritance Tax (IHT) planning always seems to be on the bottom of their ‘to do list’. However, with the introduction of the Residence Nil Rate Band (RNRB), accountants and business advisers, Friend Partnership, advise that now is the right time to undertake some simple IHT planning. The RNRB was introduced on 6 […]