Government considering tweaking IHT changes for farmers – reports

According to reports, there may be tweaks to Labour's proposed changes to the IHT on farming property limit agricultural property relief (APR) and business property relief (BPR). Rumours have surfaced that the tax threshold could be increased from £1m to £5m (£10m for a married couple) in a shift that would remove smaller farms from being liable to pay. If the alternative proposals were to go ahead, the 50% relief on IHT would be removed for farms above the new threshold. First announced in chancellor Rachel Reeves' Autumn Budget last year, the initial proposals limit the 100% APR ...