Business property relief changes: What advisers need to know

'The first thing every business owner should do is review their current BPR position'

clock • 5 min read

The chancellor announced in last year's Budget that the rules around BPR will change from April 2026. Here, Stephen Kenny outlines the new rules and assesses what they mean for business owners

Business property relief (BPR) has been a long-standing relief first introduced in 1976 to help family-owned businesses survive being passed down from one generation to another. The 100% rate for BPR was introduced in 1996 and since then has been the backbone of planning for family-owned businesses as the 100% rate allows qualifying businesses to be passed on with no tax. However, the chancellor announced in last year's Budget that the rules around BPR will change from April 2026. This article outlines the new rules and assesses what they mean for business owners. What qualifies fo...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Will the Budget be enough to halt the UK's high-net-worth exodus?

Will the Budget be enough to halt the UK's high-net-worth exodus?

'People are not buying into the chancellor's message that the UK is pro-business'

Stephen Kenny
clock 01 December 2025 • 4 min read
Budget 25: Key takeaways from Autumn Budget 2025

Budget 25: Key takeaways from Autumn Budget 2025

Eight key takeaways

Linus Uhlig
clock 27 November 2025 • 4 min read
Partner Insight: Inheritance Tax, pensions and the waiting game: Conversations to have now

Partner Insight: Inheritance Tax, pensions and the waiting game: Conversations to have now

With Inheritance Tax expanding and pensions coming into scope, now is the time for advisers to engage clients. Discover how to turn uncertainty into opportunity with strategic estate planning conversations.

Nick Priest Partner and Head of Strategic Partnerships, Downing
clock 26 November 2025 • 9 min read