Business property relief changes: What advisers need to know

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...