My client already holds a Business Relief qualifying asset. Can they redeem the asset and invest in an Ingenious Estate Planning solution and immediately benefit from Business Relief?

NEWS UPDATE

Yes, under a provision known as replacement Business Relief.

There is a three-year window within which some or all the proceeds from selling a previously qualifying Business Relief qualifying asset can be invested back into Business Relief qualifying shares. Once the shares are allotted, the new investment should immediately qualify for Business Relief from Inheritance Tax.

TECHNICAL TEAM

Simon Palmer

Group Technical Director

Simon Palmer

Group Technical Director

Simon.palmer@theingeniousgroup.co.uk

Simon has overall responsibility for the tax affairs of Ingenious’ managed investment funds and services and of Ingenious’ group companies. Simon previously spent 21 years with Ernst & Young, including 8 as a partner, and 5 years providing tax consultancy services. Simon started his career as a tax inspector with the Inland Revenue (now HMRC) and was a member of the Chartered Institute of Taxation.

Sebastien Couplez

Technical Director

Sebastien Couplez

Technical Director

Sebastien.Couplez@theingeniousgroup.co.uk

Sebastien has extensive experience in tax transactional advisory and compliance across Ingenious’ managed funds and services, including Estate Planning, EIS, VCT, and film partnerships. Prior to joining Ingenious, Sebastien worked as an Advisor at Ernst & Young. Sebastien holds a Chartered Accountant designation from the Institute of Chartered Accountants of Scotland and a BCom (Honours) in Finance from the University of the Witwatersrand in Johannesburg, South Africa.

Jack Ingilby

Technical Manager

Jack Ingilby

Technical Manager

jack.ingilby@theingeniousgroup.co.uk

Jack provides tax support across Ingenious’ managed funds and services, including Estate Planning, EIS, VCT, and film partnership, and is responsible for client tax reporting. Prior to joining Ingenious, Jack was at Deloitte. Jack is a member of the Chartered Institute of Taxation.

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Ingenious Insights FAQs

What is Inheritance Tax and who pays it?

What is Business Relief?

What benefit does an investment within the Ingenious Estate Planning service provide?

How does an investment in a Business Relief solution compare to other estate planning solutions?

Business Relief and Trusts

My client already holds a Business Relief qualifying asset. Can they redeem the asset and invest in an Ingenious Estate Planning solution and immediately benefit from Business Relief?

Can my client borrow funds to make a Business Relief qualifying investment?

Once an investment is made, can my client easily access their investment at a later date and what might be the associated tax implications?

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