Following recent legislative and case law changes the whole area of tax planning for family businesses requires very careful and thorough attention in order to avoid the many pitfalls. This Hawksmere Report not only draws attention to potential problems but also provides practical advice and solutions on how to overcome them. It deals with the most important planning opportunities relevant to the family concern and is aimed to be of particular use to accountants and others who regularly act for and give advice to owner-managed businesses.