Hub: Succession
The support you need to make the right succession decisions
Succession planning is one of the most important milestones in the lifecycle of a business and personal finances. Whether you are thinking about passing your company on to trusted leaders, considering an exit sale, facing upcoming tax changes or managing family dynamics, thoughtful planning can make a huge difference to your legacy and financial outcomes.
Our specialists combine deep technical knowledge with practical experience in business succession, tax planning and ownership transitions so that you can feel confident about your next step.
What you need to know
Succession is not a single decision: it’s a journey. Each business owner has different personal goals and each business has unique financial and operational realities. With the right planning you can support the success of the next generation while managing tax liabilities effectively.
Our team can assist with:
- Choosing the right method of business transfer
- Capital gains tax and other tax considerations for business disposals
- Planning ahead of key legislative changes
- Using structures such as trusts or management buyouts in tax efficient ways
- Inheritance Tax, Business Property Relief and Agricultural Property Relief planning
- Valuation and timing strategy
Thinking about selling your business?
Selling a business is a major milestone and the decisions you make at the outset can influence both the value you realise and the experience you have along the way. Many owners begin the process with questions about timing, valuation and the different routes to sale. Others want to understand the tax implications or explore whether an internal transition might work better than a sale to an external buyer.
If you are thinking about a sale, our specialists can help you understand the options available and what each approach could mean for your long term goals.
Plan your Inheritance Tax position with confidence
Succession planning often raises important questions about inheritance tax. Reliefs such as Business Property Relief can make a significant difference to the outcome of a transfer and it is worth understanding how the rules apply to your circumstances.
Our Inheritance Tax Review gives you a clear picture of your position and outlines the steps that may support a more efficient transfer of wealth or business assets.
Join our APR and BPR webinar
Plan now for the April 2026 changes to BPR and APR
From 6th April 2026, changes to Business Property Relief and Agricultural Property Relief are expected to limit access to 100% inheritance tax relief, including the introduction of a £1 million cap. This means some business and agricultural assets that currently qualify for full relief may become subject to inheritance tax at 20%.
This webinar will explain what the changes to BPR and APR mean in practice and why planning now matters. Private Client Partner, Michaela Lamb, Tax Partner, Ian Timms and Tax Director, Kelly Fern will discuss how owner managed businesses are preparing ahead of 6th April 2026, the importance of robust valuations, and the practical considerations involved in acting under the current rules.
Your business succession planning guides
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link to Find Out MoreWhich exit strategy should you choose based on your situation?
16th December 2025Written by: Clare BodenChoosing how and when to exit your business is likely to be one of the biggest decisions you will make. The right route depends on the life you want after the sale, in part driven... -
link to Find Out MorePassing on your business through a management buyout
10th December 2025Written by: Thomas AdcockYou have built your business, and it has been a journey! Massive highs, some challenging lows. You have come through it all and you have this brilliant business full of amazing people doing something that... -
link to Find Out MoreThe considerations that go into selling your business
10th December 2025Written by: Nikhil OzaSelling a business is often described as one of the most significant financial and emotional decisions an entrepreneur will ever make. For many, their business is not just an asset. It is their “baby”, often... -
link to Find Out MoreAIM shares for Inheritance Tax planning
3rd July 2025Written by: Michaela Lambs has been widely publicised, we are expecting the Government ... -
link to Find Out MoreWhat is the difference between Dissolution and Liquidation?
3rd July 2025Written by: Charlotte LeslieIf you decide that you’d like to close your company, you will need... -
link to Find Out MoreUnderstanding corporation tax implications when liquidating your company
8th August 2025Written by: Ian TimmsWhen a company becomes insolvent, there are many issues to be dealt with, and tax...
Your family succession planning guides
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link to Find Out MoreUsing trusts to support tax planning, and to manage complex family dynamics when considering succession
3rd December 2025Written by: Michaela LambTrusts were once seen as the purview of the ultra-wealthy, but in recent years, the benefits of using a trust have become increasingly relevant for even those who consider themselves only to have relatively modest... -
link to Find Out MorePlanning for succession before the April 2026 BPR and APR changes
5th December 2025Written by: Ian TimmsThe April 2026 reforms to both Business Property Relief (BPR) and Agricultural Property Relief (APR) are prompting many business owners and farming families to reassess their succession plans. These changes alter long established assumptions about... -
link to Find Out MoreShort video: Family investment companies explained
10th March 2025Wealth planning is evolving. Trusts were once the go-to solution for passing on wealth, but today’s tax rules make them far less attractive. Taxes on the way in, high taxes on growth, and more taxes... -
link to Find Out MoreA guide to inheritance tax planning
20th November 2024Inheritance Tax (IHT) has remained largely unchanged for a long time now, despite an extensive review of the system pre-Brexit which hinted at wide-reaching changes. -
link to Find Out MoreChanges to Inheritance Tax for Farmers
12th November 2024Agricultural Property Relief (APR) and Business Property Relief (BPR) have long been crucial for farming families, helping to protect them from having to sell parts of their farms to pay Inheritance Tax (IHT) when the... -
link to Find Out MoreChanges to Inheritance Tax on private pensions
14th November 2024The new Labour government recently announced a series of changes, including one that will impact how private pensions are treated for Inheritance Tax (IHT) purposes. From April 2027, private pension pots will be included in...
