US EditionAgricultural Relief for Inheritance Tax
- Family Business UK research reveals that changes to inheritance tax relief on agricultural and business assets, taking effect from April 2026, will impact all UK sectors and regions.
- The government limits full 100% relief to the first £1 million of combined assets under Business Property Relief and Agricultural Property Relief, with amounts above receiving 50%.
- Affected businesses report planned average investment cuts around 16%, with agriculture facing up to 17%, accompanied by expected job losses, restructuring, and some considering sales.
- Neil Davy, CEO of Family Business UK, emphasizes that the effects of these policy changes will be widespread and unavoidable, with over 208,000 potential job losses projected by 2030 impacting family businesses and their supply chains across all parts of the UK economy.
- These changes could reduce economic activity by nearly £15 billion and create a £1.87 billion net fiscal loss, leading to urgent calls for government reconsideration to protect family businesses.
19 Articles
19 Articles
LONDON.- Shortly after the Labour Party came to power last summer, Charlie Mullins, a British businessman who amassed his fortune in sanitary facilities, packed his bags and left. “Great Britain is no longer a good place to do business,” Mullins said in an interview, on a short scale in a country he now considers his old home. Now he divides his time between two sunny destinations: Spain and Dubai.Mullin, 72, with a slight resemblance to Rod Ste…
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Could the new IHT rules damage your business’s value on paper?
The Government’s decision to halve Business Property Relief (BPR) and Agricultural Property Relief (APR) from April 2026 is already changing how family businesses and farms operate. While it falls under Inheritance Tax (IHT), the impact is reaching far beyond succession planning. According to official estimates, the reform is expected to raise an additional £1.4 billion by the end of this Parliament. However, early indicators suggest a sharp dro…
The usual inheritance of the family home between several brothers usually ends in conflict. Thus you can avoid legal problems, blockades or auctions with a clear will.
How to protect your family from inheritance tax
As changes to the inheritance tax landscape affect increasing numbers of families across the UK, understanding the evolving environment has never been more important. Here, Hannah Rogers, Chartered financial planner at Fairstone, a leading wealth management firm in the UK and Ireland, highlights how expert guidance can help you take…
Expecting an inheritance? You might want to rethink that
If you’re banking on an inheritance to help with your future finances, you might be in for a surprise. As MarketWatch reports, new research shows there’s a major disconnect between what younger generations expect—and what their parents actually plan to leave behind. While many millennials and Gen Zers say they’re counting on an inheritance to help with things like student debt, homeownership, or retirement, a large number of baby boomers and Ge…
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