Estate Planning
Business and Property Succession
Plan the transfer of your business or property legacy to the next generation
Overview
Passing your business or property to the next generation requires careful planning - legal, commercial, and tax.
We help families plan succession, minimise IHT, structure transfers tax-efficiently, and ensure family harmony throughout the process. Whether selling to a third party, passing to family, or involving a mix, we guide the strategy.
Key Areas Covered
What we cover as part of this service.
- Business succession options (sale, family handover, employee buyout)
- IHT relief on business assets (business property relief)
- Agricultural property relief for farms/land
- Valuation and fair pricing in family transfers
- Deed of gift vs. sale vs. loan arrangements
- Share restructuring for succession
- Deed of variation post-death planning
- Related party reliefs and conditions
Common Issues We Solve
Problems we see regularly — and how we fix them.
Unclear Succession Plan
Many business owners don't have a clear succession plan, leaving chaos if unexpected death occurs. Clear planning protects your business and family.
Family Disputes
Unequal succession (e.g., business to one child, property to another) can trigger family conflict. Proper planning and gifting strategy minimises conflict.
Missing Relief Opportunities
Business property relief and agricultural property relief can eliminate IHT on qualifying assets. Failing to structure correctly means missing these reliefs.
Pricing for This Service
Clear fees. Fixed fee confirmed in writing before we begin.
Private Clients
£700
Best for: Families transferring business or property to the next generation
Get Your Fixed QuoteSuccession planning is strategic; extended engagement typical.
Frequently Asked Questions
Yes. Business property relief (BPR) can make business assets IHT-exempt if conditions are met. Gift or sell to children with BPR relief in place.
Various methods (earnings multiple, net asset value, etc.). Valuation is critical for IHT and for fairness between beneficiaries. We advise on valuation approach.
Yes. You can gift shares, use your nil-rate band, and make lifetime gifts. If business qualifies for BPR, gift is IHT-exempt. We structure the plan.
Succession planning balances giving business to one child while fairly treating others. Common strategies: gift business with BPR relief, gift property or cash to other children, use insurance or cash from the business.
You can gift, or sell at lower value. Gift portion uses your allowances; sale portion is at market value. We advise optimal structure.
Why Choose UA Tax
Relief Optimisation
We ensure you claim business property relief and agricultural relief where available.
Fairness Planning
We structure succession fairly between multiple beneficiaries.
Long-Term Partnership
Succession spans years. We're your partner throughout.
Ready to discuss business and property succession?
Book a consultation and we will confirm what you need and provide a fixed fee quote.