Business Relief can help reduce Inheritance Tax liabilities by allowing qualifying business assets to be passed on to beneficiaries free from Inheritance Tax if they have been owned for at least two years. This can ensure a smoother transition of business assets to your heirs.

Yes, you may qualify for Business Asset Disposal Relief if you sell shares in your personal company. To be eligible, you must have held at least 5% of the shares and voting rights for at least two years before the sale. This can reduce your Capital Gains Tax rate to 10% on qualifying gains.

Business Relief allows you to pay a reduced Capital Gains Tax rate when selling your business or its assets. For example, Business Asset Disposal Relief can reduce the tax rate to 10% on qualifying gains, helping you save money and encouraging investment in small businesses.