How family farm businesses could be hit by Budget IHT relief overhaul

Watching the Budget last October, the inheritance tax (IHT) reforms leapt out for me perhaps more than they did for most financial planners because I come from a Yorkshire farming family. It was evident immediately that the move to restrict 100% relief from IHT to the first £1m of agricultural property and business assets combined (from 6 April 2026) would be important. The implications only became more alarming over the next day or two as we crunched the numbers. My own family's 100-acre farm in Doncaster - where my mother and brother breed a pedigree Texel Sheep flock and where I st...