Agency owners thinking about passing on their businesses to their families should act before April 2026, or face losing a portion of their estate to new taxes.
Changes to inheritance tax relief announced in last year’s autumn Budget will kick in on 6 April, White Hart Associates head of travel and leisure Chris Photi told TTG.
While much of the debate around inheritance tax has centred on farmers losing agricultural relief on certain assets, the same changes have been introduced to business relief, with potential consequences for travel businesses.
