Our holistic approach, combined with an insightful understanding of the worlds of finance, law, taxation, investment and insurance, ensures all your bases are covered.
In order to ensure we provide our clients with the highest quality and breadth of service, we have a tried and tested team of associated professionals with specific fields of expertise.
Owners of family-run and privately owned businesses will now be able to pass on £2.5m (each) of their companies from April 2026 without their beneficiaries paying Inheritance Tax under new government plans
This follows a change to the proposed £1m, fought heavily by farmers across the UK. The change applies to farms and businesses and will be introduced through the Finance Bill in early 2026.
Spouses and civil partners will be able to combine their allowances, meaning up to £5 million in qualifying business assets or farms can be passed on without an Inheritance Tax charge.
The government says the change responds to concerns from farmers and business owners and is aimed at supporting business continuity, protecting jobs and family-run operations while ensuring the largest estates still contribute.
For businesses and farms worth more than £2.5m per shareholder, inheritance tax at 20% (half the normal rate of 40%) will apply.
Essential Wealth Management
1-2 Great Farm Barns
West Woodhay
Newbury
Berkshire RG20 0BP
Tel: 01488 669840
Fax: 01488 669216
Email: [email protected]
Essential Wealth Management is a trading name of Essential Wealth Management and Advice Ltd which is an appointed representative of 2plan wealth management Ltd which is authorised and regulated by the Financial Conduct Authority. Essential Wealth Management and Advice Ltd is entered on the FCA register (www.FCA.org.uk) under no. 518528. Registered office: 1-2 Great Farm Barns, West Woodhay,Newbury, Berkshire RG20 0BP. Registered in England and Wales Number: 04020006.
The Financial Ombudsman Service is available to mediate individual complaints that clients and financial services businesses aren't able to resolve themselves. To contact the Financial Ombudsman Service please visit: http://www.financial-ombudsman.org.uk/contact/index.html
The information on this website is subject to the UK regulatory regime and is therefore targeted at consumers in the UK.
Approved by 2plan wealth management Ltd on 20/05/2025
