Investing in small companies can feel risky – as a business person you will know that not all new ventures are a success. However, the government does offer incentives to support investors to mitigate their risk with tax savings.
Should you pay tax on money or goods you inherit?
The surprising answer to this question is usually no. This is because inheritance tax (IHT) is usually levied on a person’s estate when they die and can also be payable during a person’s lifetime on certain trusts and gifts.