Inheritance Tax Planning and

Business Property Relief?

If you own a business, or interest in the business or shares in an unlisted company you will be entitled to 100% BPR relief.

Getting a 100% BPR relief will mean that this particular qualifying business, interest in the business will not become part of your estate on which you will have to pay Inheritance tax at the time of your death.

Inheritance tax is paid on everything you own at the time of your death if the value of your estate is above £325 000 unless you leave all your wealth to your spouse, charity or community amateur sports club.

There are certain reliefs available which will reduce the inheritance tax and the business property relief is one of them. It will either reduce the inheritance tax on the qualifying asset by 100% or 50% depending on the circumstances which are discussed below.

You will get 100% relief if:

● If you have a business or an interest in the business
● Shares in an unlisted company

You will get 50% relief if :

● You have more than 50% shares with controlling rights in a listed company.
●On any land or building owned by the deceased and used by the business they controlled or were a partner.
● Land, buildings or machinery used in a business and held in a trust that it has a right to benefit from.

Conditions:

● BPR is only available if the deceased owned the business for 2 or more years
● The business should not deal mainly in the stocks, securities, land or building. It should also not be in making or holding investments. Buy to let properties do not qualify for BPR.
● The business should not be a Not for profit Organization.
● The business is a going concern and is not being wound up or sold.

Inheritance tax Planning:

If you want to manage your assets so as to reduce your inheritance tax you should consider investing your wealth in a business which qualifies for an exemption from Inheritance tax. This might be better than gifting your wealth in your lifetime in 2 ways:

● You still own your wealth and you can enjoy the financial benefits from the business you have invested in.
● You don't have to wait for 7 years for it to qualify for the relief. If you inherited the qualifying property from your spouse who passed it to you without keeping it for 2 years, then your ownership of that qualifying property can also be added to the 2 year period.

However, this also means that you are investing in a high risk investment and your capital might be at a risk.

BPR can be claimed by the executor of your will or the administrator of your estate. HMRC will assess the qualifying assets for the BPR relief after the appropriate forms are filled.

Estate planning can involve lots of rules which need to be considered, different reliefs are available depending on your personal circumstances. You might want to consider hiring an accountant who can help you with this. We at Taxaccolega, have a team of accountants who can help you with estate planning, setting up trusts, calculate and pay inheritance tax bills. Just call us at 020 8127 0728 or leave us a message here and we will get back to you, you can also email us at

[email protected]

Source: https://www.gov.uk/business-relief-inheritance-tax

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ID Verification Form For Companies House

From 18 November 2025, UK law will require all company Directors and Persons with Significant Control (PSCs) to verify their identity with Companies House.

Companies House will issue a personal code to PSCs.
Taxaccolega (ACSP) can help collect data and assist.
Please answer the questions and upload documents.

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Fornames * Last Name * Date of Birth * Nationality * Place of Birth *

Contact Details

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Role in the Company *

I am a Director I am a Person with Significant Control (PSC)

Identity Documents

ID Document * Address Document *
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I confirm that I have read and agree to the above Terms & Conditions and consent to the processing of my data by Taxaccolega Chartered Accountants for the purposes of identity verification with Companies House.

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1. Purpose of this Agreement
1.1 These Terms & Conditions apply to the collection and processing of personal data and identity documents required under the Economic Crime and Corporate Transparency Act 2023 and Companies House identity verification rules effective from 18 November 2025.
1.2 By submitting your details through our online form, you authorise Taxaccolega Chartered Accountants (as an Authorised Corporate Service Provider – ACSP) to process your information for the sole purpose of fulfilling the identity verification obligations set by Companies House.

2. Client Responsibilities
2.1 You confirm that all information and documents you provide are true, accurate, complete, and current.
2.2 You accept full responsibility for any false, misleading, or incomplete information supplied, and acknowledge that this may lead to penalties or rejection of your verification by Companies House.
2.3 You must notify us promptly of any change in your details (such as name, address, or role in the company) which may affect the verification process.

3. Our Role & Limitation
3.1 We act solely as an intermediary in submitting your information to Companies House.
3.2 We do not guarantee the acceptance, speed, or outcome of any identity verification by Companies House. The final decision rests solely with Companies House.
3.3 We shall not be liable for any loss, delay, penalty, or consequence arising from:
* (a) inaccurate or incomplete information provided by you,
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* (c) rejection or failure of verification by Companies House, or
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3.4 Nothing in these Terms excludes liability for death, personal injury, fraud, or any liability which cannot be excluded under law..

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These Terms & Conditions are governed by and construed in accordance with the laws of England and Wales, and any disputes shall be subject to the exclusive jurisdiction of the courts of England and Wales.

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Inheritance Tax planning and Business Property Relief?