With reforms to Agricultural Property Relief (APR) and Business Property Relief (BPR) on the horizon farming families face higher inheritance tax (IHT) bills as the chancellor held her nerve on the policy despite emotive protests from the agricultural community.
The policy, first announced in the Autumn Budget to widespread dismay from farmers across the country, was left untouched in Rachel Reeves' Spring Statement last week. PA spoke to advisers and experts about the seemingly inevitable changes. The clear message was forward planning is essential and "difficult conversations need to happen now". The changes From April 2026, the availability of 100% relief for agricultural and business property will be capped if current plans go through with no amendments. Assets eligible for 100% APR and assets eligible for 100% BPR would qualify for ful...
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