The Family Impact Perspective

The Hidden Cost of Inaction: How IHT Changes Could Burden Your Loved Ones

When a business owner passes away, families are often left to grieve while also managing complex financial affairs. From April 2026, the emotional toll could be compounded by a significant IHT bill on business assets exceeding £1 million.

Imagine a grieving spouse or children being forced to sell part of the family business just to pay the tax. This is the reality many families could face under the new rules.

At Burgis & Bullock, we believe in protecting both your business and your loved ones.

The new IHT rules mean:

• Only the first £1 million of business assets will receive 100% relief.
• Anything above that will be taxed at 40%, with only 50% relief available.
• Estates with illiquid business assets may struggle to raise the funds quickly.

What can you do?

• Start with a business valuation to assess your exposure.
• Consider intergenerational planning strategies.
• Speak with a tax adviser to explore mitigation options.

Your family deserves more than a tax bill during a time of loss. Let’s plan ahead – together.