Government Opts for Change in Inheriting Business Assets From April 2026

Government opts for change in inheriting business assets from April 2026

From April 2026, families inheriting UK businesses will face new tax rules that could make passing on larger companies more complicated and costly. The Government has announced a cap on full inheritance tax relief for business assets, marking a significant shift in estate planning for family-owned firms. Until now, qualifying business and agricultural assets could be passed on free of inheritance tax thanks to Business Property Relief (BPR) and …

Inheritance Tax Relief Reforms: Key changes to APR and BPR

The recent reforms to Agricultural Property Relief (“APR”) announced in the October 2024 Budget have brought major changes to the relief available for farmers, whether on lifetime gifts or, more commonly, on death. These reforms prompted significant concern among farmers and farming groups such as the National Farmers’ Union, leading to demonstrations against the proposals. Whilst farmers have received much of the publicity, the changes also aff…