Rich British families are ramping up efforts to pass on wealth to younger generations in a race against new tax hikes that risk upending longstanding succession plans.
Aristocratic London landlords, one of the UK’s largest medicine distributors and heirs of a 75 year-old packaging fortune are among those that disclosed the transfer of shares to younger generations or estate-planning entities recently, according to data compiled by Bloomberg from registry filings. The Weston family behind UK luxury food emporium Fortnum & Mason last month became the latest to detail an intergenerational wealth transfer.
Britain’s family business owners and their advisers are ...