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Member Talk: Business Families and Succession Planning - Collaborating with Tax Specialists

2025-10-27T14:12:00

Family business-600x400

How can business-owning families structure succession in a way that balances control, flexibility and tax efficiency?

Our speakers explore practical options for business owners and outline how private client solicitors can support their clients following the 2024 Budget changes. They cover:

  • Key tax changes announced in the October 2024 Budget and who may be affected
  • Options for business owners who are not yet ready to undertake succession planning
  • Will planning considerations where a business is owned by one spouse
  • Maximising each spouse’s £1 million allowance for 100% Business Property Relief (BPR)
  • The role of adult children in early succession planning
  • How trusts can be used to hold business assets and how the relevant property regime applies
  • Practical takeaways for balancing tax efficiency with family control

 

Our speakers:

  • Ellie Gibbison, Partner and Head of Private Client, Swinburne Maddison LLP and Chair of the Private Client Solicitors Section Advisory Committee Member
  • James Kipping, Private Client Tax Partner, MHA

This video was recorded on 27 October 2025, prior to the 26 November 2025 Budget announcement.

To view the full recordings of videos in this series, log in  or become a Section member today.

 

 

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