Emma Reynolds discusses inheritance tax reforms during visit to Numatic International
1 report, 1 independent
Updated Thu 00:00
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What happened
Emma Reynolds, the chief secretary to the Treasury, visited Numatic International to discuss inheritance tax reforms. Reynolds stated that the government has raised the value of business assets that can be passed on free of tax to £2.5m. She emphasized that entrepreneurs should not be discouraged from building multi-generational businesses by inheritance tax.
From bmmagazine.co.uk
Why it matters
The discussion addresses concerns regarding inheritance tax on business assets, which affects the financial planning and continuity of successful, multi-generational companies. Reynolds noted that the government has adjusted rules to support wealth creators.
From bmmagazine.co.uk
Who's involved
- Emma ReynoldsChief secretary to the Treasury, discussing tax reforms
- governmentThe governing body implementing the tax changes
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The entities involved
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Emma Reynolds
British politician (born 1977)