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Rachel Reeves' inheritance tax changes will put 125,000 jobs at risk, chancellor warned


Published on 2024-12-16 09:00:47 - The Independent
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  • The Builders Merchants Federation has signed the Family Business UK open letter from 32 trade bodies representing 160,000 firms

Rachel Reeves, the shadow chancellor, has pledged to maintain the current inheritance tax relief for family businesses if Labour wins the next general election. This assurance comes in response to concerns from business leaders about potential changes to inheritance tax that could affect the transfer of family-run enterprises. Reeves emphasized the importance of family businesses to the UK economy, stating that Labour recognizes their value and would not impose additional tax burdens that could jeopardize their continuity. This commitment aims to provide stability and reassurance to family business owners amidst ongoing economic uncertainties.

Read the Full The Independent Article at:
[ https://www.independent.co.uk/news/uk/politics/rachel-reeves-inheritance-tax-family-businesses-b2664990.html ]