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Read our latest blog article : How to save inheritance tax with business relief As you approach retirement, your thoughts naturally turn to protecting your assets to pass on as much as possible to your loved ones when you are gone. Inheritance Tax can eat into the legacy you leave behind, which is a source of frustration and concern for many. But if you are a business owner, there is a way to reduce or even eliminate Inheritance Tax liability through business relief. If an asset qualifies for Business Property Relief, then its market value may be exempt from Inheritance Tax either in its entirety or to a certain percentage. This can represent an Inheritance Tax saving of as much as 40%. The big advantage is that you usually only need to hold the investment for two years to qualify. Business relief is a powerful tool to shield your hard-earned wealth and relieve the tax burden for those you leave behind. In this article we are going to briefly touch on how Inheritance Tax (IHT) is calculated, look at strategies for using Business Property Relief (BPR) to help mitigate or reduce your inheritance tax liability, as well as the pros and cons...