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BDO Stoy Hayward

March 1, 2004

Family businesses which pass premises down between generations could be caught in Britain’s plans to close loopholes in the inheritance tax regime, say experts familiar with the Labour government’s new budget proposals.

Family businesses which pass premises down between generations could be caught in Britain's plans to close loopholes in the inheritance tax regime, say experts familiar with the Labour government's new budget proposals.

"To date, most people's attention has been focused on the impact the government's plans will have on gifts between spouses such as a share in the marital home," said Richard Kirby, a partner at City law firm Speechly Bircham.

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