IHT reform 'unnecessarily complex': Agricultural and Business Property Relief plans under the microscope

'The government has demonstrated some recognition that paying the IHT on qualifying assets may be difficult'

clock • 4 min read

Sarah Wray shares her insight on planned IHT reforms, giving her views on what’s good, what’s bad and what needs to be done...

The government recently released its consultation on proposed reforms to Agricultural and Business Property Relief (APR and BPR) from inheritance tax (IHT) set to take effect from 6 April 2026. The consultation, open for two months, offered some positive developments from the Budget announcements. However, there are areas of increased complexity, which row against broader policy aims to simplify tax. The positives The Budget announced that individuals would have a £1m allowance for claiming 100% relief. The consultation has clarified that this allowance will refresh every seven year...

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