Katie Hawksley

Amid significant changes to inheritance tax on the horizon, many long-standing family business owners are reconsidering their future, with some being advised to sell their business or shift their base abroad in anticipation of reduced Business Property Relief (BPR). In a recent Telegraph article, Partner and Head of Private Wealth, Hayden Bailey comments on the growing pressure facing UK family businesses, noting “there’s less desire to build a generational family business in the current climate.”

Back in June, we celebrated the launch of the STEP Business Families and Family Businesses Handbook with a distinguished panel of advisers and family business experts. The evening explored the evolving challenges of advising family businesses, from succession planning and governance to the human and interpersonal dynamics that shape long-term success.

Private Wealth Partner, Julie Howard will be speaking at the 9th Annual Cross-Border Considerations for Advisors Conference on 3 September, presenting on ‘Regulatory Reform, Reporting, and Global Taxes’. This hybrid event, co-hosted by The Tax Faculty and Lucia De Klein Private Office, brings together leading professionals to explore the latest developments in global tax, wealth, and governance. Julie recently joined Lucinda De Klein’s Trusted Advisors subscription platform, strengthening its global network of expert advisors in the Family Office space.

This Friday, Private Wealth Disputes Senior Associate, James Woods-Davison will be speaking at the TL4 & ConTrA Private Client Summer School in Cambridge. James will join Joanne Morse of Summit Trust International to lead a session on “Value-Driven Investing”. With its mix of expert-led sessions, practical workshops and informal networking, the event offers an invaluable opportunity for junior practitioners to develop their technical expertise and broaden their practice.