When you have spent many years growing your park business, we understand that you’ll want to do everything you can to pass it on to the next generation, as efficiently as possible.
What you may need help with
You might have clear aims and intentions, but we know that such a unique asset can sometimes cause you a headache in deciding what to do for the best. Perhaps you need help in deciding how to pass your assets to those involved in your park business, whilst remaining fair to the rest of your family. Or you may be looking for a way of providing for your children from a previous marriage, or considering how best to split your assets between your family members and charities.
Relief from Inheritance Tax
You may also be interested to know about the valuable reliefs from Inheritance Tax which the government currently offers to businesses like yours in certain circumstances. These can help to protect some or all of your assets from the charge to tax, but there are several hoops to jump through in order to get you there.
Let us help you
Whatever your position, we can help. Our priority is to listen to your intentions for the future and to offer you clear, concise advice on your succession planning options, perhaps putting these together for you in a Will. We have many years’ experience finding practical solutions for situations like yours and we’ll work closely with our colleagues in other teams to work out the solution that’s right for you.
How we can help you
We can advise you on:
- succession planning for park business owners
- structuring of family wealth for the next generation
- protecting assets for children of previous marriages
- Inheritance Tax reliefs and exemptions for park business owners