Anecdotal insights reveal risks to growth and investment from inheritance tax changes
“Currently it is becoming sensible to reduce stress and work for someone else. Family businesses are not worth the hassle and stress with the continuing pressures.”
East Midlands, Manufacturing
“We are starting manufacturing in the US and potentially moving head office / ownership overseas.”
West Midlands, Manufacturing
“It’s inevitable that if a family shareholder dies, the only course of action will be to sell a significant chunk of the business to a big corporate thus ruining the business we’ve built, the team, the culture, and the livelihoods of my team who have helped develop it as the cost will be too large for other independents to buy.”
Yorkshire and the Humber, Wholesale and retail trade
Farming businesses concerned about APR are also reconsidering investments and community contributions
“We have historically been very active in the local community. We were planning on providing land and building a football pitch for the benefit of underprivileged young people. This initiative has now been cancelled as we must provide for IHT liabilities.”
South East, Agriculture & Horticulture
“We have paused all projects that were not going to be delivering a significant return, for example environmental and biodiversity improvements, while we understand the implications.”
Scotland, Agriculture & Horticulture
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