Family-owned builders face existential threat despite government U-turn, a tradesperson in the Wirral repairs fire damaged room for free and electrician wins Ford Transit van and £30,000
Family run construction firms still face an ‘existential’ threat despite the government’s recent U-turn on inheritance tax, claims Family Business UK (FBUK).
Last month Chancellor Rachel Reeves lifted the threshold on which 20% death duties applied to family-owned businesses from £1 million to £2.5 million.
Although the changes are welcome, Neil Davy, chief executive of FBUK warned that the £2.5 million cap will still have a material impact on medium and large family-owned building firms.
With 81% of the nation’s SME builders still family run, the campaign group is calling for the cap to be removed entirely.
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A tradesman in the Wirral stepped in to repair a fire-damaged house for free.
Dave Aslaksen owner of DC Property Services got involved after responding to a Facebook post from an elderly resident in Birkenhead.
Over the course of two days, he repaired the fire-damaged room and redecorated.
Dave told his local newspaper that “sometimes good deeds can go a long way.”
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An electrician in Swindon has started the year by winning a prize bundle worth £100,000.
Slawomir Nowak won £30,000 cash, tools and a customer Ford Transit worth over £70 grand in BOTB’s Spot the Ball Dream Car Competition.
Nowak said that having a new van and cash in the bank took “a huge amount of pressure off”.
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