BBC News, West of England
BBCThe owner of a group of family -run Holiday Parks says that some of their businesses will need to be sold and jobs can be lost due to heritage tax changes.
Ian James, the owner of Coast and Country Holiday Parks, says Last autumn announced There are a “massive shock” for family businesses in the holiday industry.
Mr. James plans to pass his business to his son, Chris when he dies, which he says that the tax will need to be sold to some parks to cover.
The government says that most of the estates claim that business will be unaffected by changes in property relief and the money raised will move towards payment for public services.
Mr. James runs Char Holiday Park, including AT Brain in Somerset, Linmouth in North Davon, St. ENS Chapel in Cornwall and Saltash in Cornwall.
He is also the national president of the Glosterora-based British Holiday and Home Parks Association
He told the BBC: “At present, the government gives relief from 100% commercial assets, so there is no tax on a business business that is being handed over to the family”.
The final autumn government announced schemes starting in April 2026, which was made commercial assets worth more than £ 1m at the rate of 20%.
Change Impress fields And other businesses are being passed through families including families and retailers.
“We are a group of four holiday parks, we employ less than just 30 people,” said Mr. James.
“The way it is with the current situation, perhaps two parks will have to be sold to cover tax liability, meaning that they will not be the family -owned parks.
“We don’t know what will happen to them, but they will not run the same, they probably will not appoint the same people as they do now.
“This would mean that if the corporates came and cut and cut it and take it, then cut it.”
A spokesman at HM Treasury said: “Most of the estate changes claiming agriculture and commercial property relief will be unaffected.
“The latest data suggests that more than half of the price of £ 553m goes to the most rich 4% wealth.
“raised money [by the tax changes] Will go to public services which we all trust every day instead. ,
