Story perspectives
New Inheritance Tax Reform Threatens Family Businesses' Future
11/20/2025
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Story summary
- April inheritance tax reform will tax assets over £1 million at 20% when passed to relatives, risking family businesses.
- Entrepreneur Alex Lovén, founder of Net World Sports, warned his company could face tens of millions in tax.
- Tax experts say the changes prompt firms to reconsider expansion.
- The Treasury says reforms are fair and necessary for funding.
- Lovén questions the motive behind hard work if government policy undermines business.
