Through construction umbrella body Build UK, FIS, is supporting thecampaign by Family Business UK which is calling on the Chancellor to reconsider the changes to inheritance tax announced in the Autumn Budget, and we would encourage affected members to complete a short survey to help demonstrate the significant impact of the changes on businesses and the wider economy.
With an estimated 4.8 million family‐owned businesses in the UK, the changes to Business Property Relief and Agricultural Property Relief will affect businesses across the country and starve the economy of investment. 81% of construction SMEs are family‐run and by working with Family Business UK we can demonstrate the significant economic contributions that these businesses make and how the changes will not provide the expected tax revenue. The survey should take no longer than 10 minutes to complete, and the deadline for responses is 2 March.