Securing Family Businesses Across Generations
Author: Ray L Best
1 October 2025
Passing on a family business isn't just about succession - it's about protection.
Inheritance tax and poor planning can destabilise decades of work.
Key Considerations for Business Owners
1. Business Relief
Up to 100% IHT relief is available, but only if structures are correct.
Certain investments or holdings may disqualify.
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2. Shareholder Agreements
Ensure smooth transition and prevent disputes.
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3. Trust Structures
Useful for holding shares, protecting voting rights, and limiting tax exposures.
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4. Cross-Border Considerations
Where business interests span countries, aligned international planning is essential.
Case Study Example
A family engineering firm worth £8M faced disruption when shares were left directly to multiple heirs.
By moving shares into trust with a family agreement, the business stayed intact and liability reduced.
Business succession requires careful legal structuring - done right, it protects both the company and the family legacy.