Businesses take years to build up with the owners spending the best part of their lives ensuring they are successful. But what happens when it is time to retire? An obvious solution is to pass on the company to family, but care should be taken to avoid a considerable tax bill.
Jonathan Walton and Owen Kyffin of Whitley Stimpson shared their knowledge on UK trusts and how they can be used as an effective tax planning tool in B4’s The Business Brunch.
Jonathan Walton and Owen Kyffin of Whitley Stimpson discussed inheritance tax (IHT) now and post COVID-19 via video chat on Wednesday 1 July on the B4 Live platform. A recording of this discussion can be found below.