US EditionIHT: Agricultural and Business Property Relief increased from £1m to £2.5m, financial experts react - Cambridgeshire Chamber of Commerce
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Rotherham Taylor Chartered Accountants
How will the changes to Agricultural Property Relief (APR) and Business Property Relief (BPR) impact you?
The Autumn Budget saw many individuals and businesses alike disheartened by measures that seemed to inhibit growth. However, just before Christmas, the Chancellor made an announcement that could offer some relief for many who were fearing upcoming Inheritance Tax (IHT) considerations. Whether you have begun estate planning yet or not, it is vital that you understand the changes to Agricultural Property Relief (APR) and Business Property Relief (…
IHT: Agricultural and Business Property Relief increased from £1m to £2.5m, financial experts react - Cambridgeshire Chamber of Commerce
The Government has softened its inheritance tax plans for business owners and farmers. Agricultural and Business Property Reliefs threshold will be increased from £1m to £2.5m when it is introduced in April 2026, following months of farmers and business owners protests. The change aims to protect rural businesses while ensuring larger estates contribute more. Richard Grimster, Partner & Head of Tax at leading accountancy firm Price Bailey, said:…
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