Political Opinion with John Milne MP: Two Government U-Turns for the New Year

Political opinion with John Milne MP: Two government U-turns for the New Year

Just when it seemed they would never listen, the government have offered up a major compromise on the destructive Family Farm Tax. The threshold at which the tax will be levied is to increase from £1m to £2.5m, taking some farmers out of scope altogether.

What impact will the Agricultural Property Relief (APR) and Business Property Relief (BPR) U-turn have?

Given how recently the Autumn Budget was, most people had assumed that all of the big tax measures for the year had been issued. However, Rachel Reeves decided to wrap up 2025 with an eleventh-hour announcement of changes to Agricultural Property Relief (APR) and Business Property Relief (BPR) that will increase the allowance available to estates. As many will have already been thinking about estate planning, it is vital that the changes to thes…

Experts react to government U-turn on Agricultural and Business Property Reliefs threshold

Lawyers and finance experts have welcomed the government’s announcement that the Agricultural and Business Property Reliefs threshold will increase to £2.5 million from April, allowing spouses or civil partners to pass on up to £5 million in qualifying agricultural or business assets between them. The government set out its plans in a joint statement from …