Lance Forman, owner of H Forman and Son, a family salmon smoking business in London, has expressed concerns that Labour's proposed changes to business relief could sink family firms like his. Forman argues that the relief, which allows company shareholders to leave business assets to loved ones without paying inheritance tax, is crucial for firms with large overheads. However, under Labour's proposed changes, full business relief will only apply to the first £1 million of a business's assets upon a shareholder's death, with everything above this subject to 20% tax. Forman fears that this change could lead to family businesses closing down.