Owner of South West holiday parks fears new inheritance tax changes
Coast and Country Holiday parks, who run parks in Cornwall, Devon and Somerset, have concerns about selling up and cutting jobs
The owner of a family-run holiday park in Cornwall fears new inheritance tax charges will impact his businesses.
The changes were announced last Autumn.
Ian James, Coast and Country Holiday Parks owner, said: "We'll not be able to continue as it is. The drive to get up every morning and drive the business forward is waning at the moment.
"We have worked hard for 40 years to build a business to be able to hand down to our sons to continue running. That's no longer going to be the case."
Coast and Country Holiday Parks currently consists of four parks: Notter Bridge in Saltash, Tamar View in the Tamar Valley, Lynmouth Holiday Retreat in Devon and Yellow Sands Holiday Park in Somerset.
Mr James says passing the business to his son would mean selling at least two of their four sites to cover the tax bill.
He has concerns taxes could force him to sell up and cut jobs.
Ian added: "It will certainly be a change, upset the staff who probably will have to be let go. Rather than a small holiday park, it'd have to be run by a corporate company."
The government says most family-run businesses will not be affected, and the money raised will help fund public services.