Inheritance Tax / Business Relief
Carlton Wealth Preservation
A specialist investment service for eligible investors considering Business Relief within inheritance tax plans.
Area of expertise
Inheritance Tax & Business Relief
Specialist solutions that help advisers and their clients plan for the transfer of wealth across generations.
Overview
Overview
Inheritance Tax is charged on the value of an estate above the available nil-rate bands, at a rate of 40% on the excess. The mechanics are widely understood; the practical difficulties are usually about timing, liquidity and the willingness of a family to give up control of assets.
Business Relief can reduce the value of qualifying business assets for Inheritance Tax purposes after a minimum two-year holding period, subject to the qualifying conditions being met and maintained. That shorter timeframe is the reason it is considered alongside, rather than instead of, conventional gifting and trust planning.
Announced reforms to Business Relief take effect from April 2026. [Final legislative detail, thresholds and transitional provisions to be confirmed once the legislation is settled.]
Considerations
What matters in practice
The points below are the ones that tend to decide outcomes, and the ones worth putting to any provider.
Qualifying conditions
Relief depends on the nature of the underlying trade and on the conditions being met throughout the holding period, not simply at outset.
Timing and holding period
The two-year minimum holding period matters most for clients who are older, in poor health, or who have left planning late.
Control and access
Unlike an outright gift, the investor generally retains ownership, which changes the family conversation considerably.
Investment risk
Qualifying investments are unlisted or specialist in nature. Capital is at risk and the tax outcome is never the whole picture.
Legislative change
Tax rules and reliefs can change. Planning should be reviewed rather than assumed to hold indefinitely.
Estate liquidity
Inheritance Tax is generally payable before probate completes, which can create pressure where assets are illiquid.
Support
How New Walk helps
Support is practical and specific rather than promotional. The aim is that an adviser can explain a proposition, and their reasoning, without relying on the provider's marketing language.
Structural walk-throughs of qualifying propositions, including how the underlying trade actually generates its return.
Comparison of specialist providers on structure, security and reporting rather than on headline projections.
Technical questions for provider due diligence, and support preparing for suitability documentation.
Any adviser-facing CPD or technical material to be confirmed.]
Related
Related specialist solutions
Propositions that relate to this area. Each is information only and is intended for eligible and experienced investors.
Private Credit / Business Relief
PMJ Private Credit Fund
A specialist private-credit proposition for eligible investors in inheritance-tax and Business Relief planning.
New Walk Consulting works with a carefully selected group of specialist providers. The propositions shown are not ranked and no proposition is presented as more suitable than another. Suitability depends upon individual circumstances. Capital at risk — the value of specialist investments can fall as well as rise and investors may not get back the amount invested. Tax treatment depends upon individual circumstances and may change. These propositions are intended for eligible and experienced investors only.
Also relevant
Other areas of expertise
Most client situations touch more than one of these.
Private Credit
Access to specialist opportunities in privately originated lending, arranged outside public credit markets.
Alternative Investments
Carefully selected opportunities that sit outside mainstream listed markets and conventional fund ranges.
Expatriate Wealth
Clarity on the additional UK and overseas considerations facing internationally based clients and families.
Talk it through with Andrew.
Enquiries come to Andrew directly. There is no obligation and no product pitch at the first conversation.
Important information
Nothing on this website constitutes financial, tax or legal advice, or a personal recommendation. Specialist investments referenced are available only to eligible investors and involve risk to capital.
Business Relief and other tax treatment depend upon individual circumstances and the relevant legislation, which may change. [Final compliance-approved wording to be supplied.]