Category Archives: Family Businesses

A Picture of Richard Verge - Tax Director

If these valuable reliefs were abolished, what would the inheritance tax landscape for family businesses look like and should you be taking any action now to position your business for potential changes?

Business and Agricultural Property Reliefs’ uncertain future: how should family businesses adapt?

Richard Verge - Tax Director - rverge@goodmanjones.com

Posted on 8th August 2024

Categories:

Deciding whether to take over the family firm involves careful consideration of various financial indicators to assess the company's current health and future potential.

Joining the family business: a successor’s guide to understanding financial information

Charlotte Tong - Partner - ctong@goodmanjones.com

Posted on 2nd April 2024

Categories:

Different people will bring different personalities and qualities to the board no matter their gender identity. These differences will influence every aspect and the decisions made by the family business

Family Business United’s Global Think Tank Report Spring 2024

Charlotte Tong - Partner - ctong@goodmanjones.com

Posted on 23rd February 2024

Categories:

With the use of trusts and proper estate planning, this kind of dispute could be avoided and if structured correctly, you could minimise or avoid paying inheritance tax altogether.

Family Matters: Looking after your family by avoiding a contentious estate: The role of trusts in estate planning

Reena Bhudia - rbhudia@goodmanjones.com

Posted on 23rd November 2021

Categories:

Setting up a trust may be ideal for those parents or grandparents who may wish to save money over a period of time to fund school fees or if they wish to transfer a lump sum as part of their estate planning.

What do parents and grandparents need to know about school fees and education trusts?

Reena Bhudia - rbhudia@goodmanjones.com

Posted on 14th August 2021

Categories:

FICs are a solution primarily aimed at family wealth preservation. Until 2006 the usual strategy to preserve family wealth would have been the trust, but tax changes since 2006 have made the use of a trust less attractive.

What is a FIC and why are they gaining in popularity?

Graeme Blair - Partner - gblair@goodmanjones.com

Posted on 21st April 2021

Updated on 17th August 2023

Categories:

If some or all of these changes are implemented, this could still result in a significant overhaul in the taxation of passing on wealth.

Inheritance Tax and Trusts: Changes so far and changes to come?

Reena Bhudia - rbhudia@goodmanjones.com

Posted on 31st March 2021

Categories:

A Picture of Aidan Roberson - Tax Manager

Family businesses could see three key areas impacted by changes to capital gains tax proposed by the Office for Tax Simplification

What do the changes to CGT mean for family businesses?

Aidan Roberson - Tax Manager - aroberson@goodmanjones.com

Posted on 2nd December 2020

Categories:

With glimpses of the end of the pandemic in sight, it would seem prudent to accelerate existing plans for company liquidations and asset disposals ahead of the Budget expected next spring.

Back to the Future for CGT?

Aidan Roberson - Tax Manager - aroberson@goodmanjones.com

Posted on 12th November 2020

Categories:

Whilst this is without doubt a very challenging year, I am sure that it will be the thinking coming from families in business that will help the economy to Build Back Better.

Family Businesses – The Engine Room of the National Economy

Charlotte Tong - Partner - ctong@goodmanjones.com

Posted on 23rd September 2020

Categories:

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Category Archives: Family Businesses

If these valuable reliefs were abolished, what would the inheritance tax landscape for family businesses look like and should you be taking any action now to position your business for potential changes?

Business and Agricultural Property Reliefs’ uncertain future: how should family businesses adapt?

Deciding whether to take over the family firm involves careful consideration of various financial indicators to assess the company's current health and future potential.

Joining the family business: a successor’s guide to understanding financial information

Different people will bring different personalities and qualities to the board no matter their gender identity. These differences will influence every aspect and the decisions made by the family business

Family Business United’s Global Think Tank Report Spring 2024

With the use of trusts and proper estate planning, this kind of dispute could be avoided and if structured correctly, you could minimise or avoid paying inheritance tax altogether.

Family Matters: Looking after your family by avoiding a contentious estate: The role of trusts in estate planning

Setting up a trust may be ideal for those parents or grandparents who may wish to save money over a period of time to fund school fees or if they wish to transfer a lump sum as part of their estate planning.

What do parents and grandparents need to know about school fees and education trusts?

FICs are a solution primarily aimed at family wealth preservation. Until 2006 the usual strategy to preserve family wealth would have been the trust, but tax changes since 2006 have made the use of a trust less attractive.

What is a FIC and why are they gaining in popularity?

If some or all of these changes are implemented, this could still result in a significant overhaul in the taxation of passing on wealth.

Inheritance Tax and Trusts: Changes so far and changes to come?

Family businesses could see three key areas impacted by changes to capital gains tax proposed by the Office for Tax Simplification

What do the changes to CGT mean for family businesses?

With glimpses of the end of the pandemic in sight, it would seem prudent to accelerate existing plans for company liquidations and asset disposals ahead of the Budget expected next spring.

Back to the Future for CGT?

Whilst this is without doubt a very challenging year, I am sure that it will be the thinking coming from families in business that will help the economy to Build Back Better.

Family Businesses – The Engine Room of the National Economy