IHT - Aim to limit relief?

Posted on October 28, 2011 by Lisa Spearman

The twittersphere contains reports that business property relief for IHT on unquoted stocks and shares may be removed in the next budget. This area has long been recognised as a generous relief but it is not clear whether this is merely the latest rumour or if there is any substance to the story. Certainly it does not take a huge change in the legislation to re focus the relief onto owner managed businesses rather than AIM portfolios of investments.

November 29 is probably the earliest date for any announcement but it is worth considering now if there is anything to be done to protect any relief accrued to date.

Lisa Spearman is a tax adviser and a partner at Mercer & Hole. The views given in this blog are personal to the author.

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