News

CPA rolls out regional meetings for CPA members

The Construction Plant-hire Association (CPA) is co-ordinating a series of regional meetings across the UK at the end of April to help CPA members better understand and deal with the planned changes to inheritance tax, pensions and Business Property Relief (BPR) following the October 2024 Budget.

CPA members are invited to attend the meetings which are being hosted by KPMG. Meetings are being held in London and Manchester on Monday 28^th April 2025, and in Birmingham and Glasgow on Wednesday 30^th April 2025.

Steve Mulholland, CPA Chief Executive Officer said: “The Budget in October 2024 announced changes to how inheritance tax applies to privately owned businesses.  Under the previous regime trading businesses could potentially be passed to the next generation without incurring an inheritance tax charge.  Going forwards for many trading businesses it is likely that an Inheritance tax charge of up to 20% of the value of the business could apply on shares passed to the next generation. 

“This is a material change for family businesses, with the rules expected to come into effect from 6th April 2026.  We would like to invite CPA members to attend a meeting in their region, whereby KPMG will provide expert advice as to what these changes mean for family businesses and what options families have both in advance of the rule change in April 2026 and beyond. Let me be clear that we shall continue the fight for this to be reversed,” he continued.

At the meetings KPMG will outline the rule changes, explaining the current position and what the position will be once the new rules come into effect. There will be a discussion about the types of succession planning strategies that other family businesses use, explaining the commercial and tax implications of these; and finally an open discussion and Q&A session where members can discuss with each other the impact of the changes and ask any questions.

The regional meeting schedule is as follows. For further details or to confirm attendance, please email enquiries@cpa.uk.net and indicate which meeting/location you would like to attend.

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