How to Legally Reduce your Inheritance Tax Payable

Reducing the amount of Inheritance Tax payable on other assets

Business Depending on how you own the business and what type of business it is, you could receive either 50% or 100% tax relief on it. Business Relief reduces the value of a business or its assets when working out how much Inheritance Tax (IHT) has to be paid.

Any ownership of a business, or share of a business, is included in the estate for IHT purposes.