Family Owned & Operated
Stability and certainty around the system of inheritance tax and Business Property Relief (BPR) is extremely important to Family Brewers, and we believe this form of tax relief is what has allowed us to innovate, invest and create more jobs through the generations that our businesses have been in existence.
Without BPR it is likely that many of our historic breweries would have closed or been sold and our companies fragmented upon the death of a family member, in order to pay inheritance taxes.
The BPR system means that the business can be passed on to the stewardship of the next generation without the threat of sale, closure, reduced investment or job losses. Profits can instead continue to be reinvested to grow our operations and create more jobs.
Without BPR, the long term investment horizons, independent ownership and national cultural richness of the Family Brewers would be placed in jeopardy. In time they would become saddled with debt, forced to sell off a perfectly viable business.
Remaining family-run is important not only to the Brewers themselves, but to their workforce and to the national economy. If Family Brewers were forced to sell all or part of their businesses, a buyer is likely to be a much larger business, either in private equity or foreign ownership, often paying a large proportion of their tax outside the UK.
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