Tax Insider Tip: Making Family Trading Company Investments IHT Efficient
Many family and owner-managed trading company owners invest in their businesses through a combination of acquiring shares and making cash loans. The company might use the funds for the same business purpose, but the inheritance tax (IHT) implications of the shares and cash loans will often differ, depending on the availability of business property relief (BPR) on the shares.
In November's issue of 'Business Tax Insider’, Mark McLaughlin looks at the often-contrasting treatment of cash loans and family trading company shares for inheritance tax purposes.
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