ATFM

Business property relief (BPR) is a valuable inheritance tax relief for business owners whether making a lifetime transfer or on death. Key points Business property relief is a valuable inheritance tax relief for business owners Business owners may receive relief at either 100% or 50%, dependent on circumstances Business property relief is available after an ownership period of two years Types of property that qualifies Inheritance tax (IHT) legislation (IHTA 1984) provides relief for certain types of business or business property included in either a lifetime transfer or the deceased’s death estate. Relief is available for business property anywhere in the world. For deaths and transfers, on or after 6 April 1996, the categories of property which are capable of qualifying as relevant business property are broadly as follows with rate of relief: Property consisting of a business or interest in a business: 100% relief Control holdings of unquoted securities in a compan

On Thursday 3rd January 2019, Leah attended the Springwood High School’s Presentation Evening as a former Year 13 student. Upon arrival she received her A level certificates having obtained an A, B and B in Business, Economics and Sociology respectively. Due to her grades she was presented with a Norfolk County Scholar award created by the County Council for exceptional performance at A level. Furthermore, she was honoured to be the recipient of a subject award in Business, sponsored by Stephenson Smart Accountancy as well as receiving the Mark Griffiths Award for Endeavour. Leah has settled in very well with the Company and we wish her well with her CII exams in March.

Director, Michael Crisp has successfully become a Fellow of the Chartered Insurance Institute (CII). Fellowship of the CII is universally regarded as the premier qualification for those working in the insurance industry. By achieving the ACII, you have already demonstrated a high level of commitment, but the Fellowship shows that you have taken this commitment one step further. Acquiring FCII accreditation will further demonstrate your knowledge, experience and professionalism to the world. Michael is now talking about a Doctorate, but we feel it is probably best to enjoy the prestigious Fellowship title first!