Inheritance Tax Changes: What Farmers and Business Owners Need to Know

The latest Budget has introduced significant changes to Inheritance Tax that could dramatically affect farmers and business owners. Our team has just released a comprehensive video breaking down these critical changes.

The £1 Million Relief Cap: What Does It Mean?
From April 2026, the government is introducing a £1 million cap on APR and BPR. This means:

• 100% relief is available on the first £1 million of qualifying property
• Values over £1 million will attract only 50% relief
• The allowance combines APR and BPR claims

Why You Can't Afford to Ignore These Changes
These reforms could have profound implications:

• Potential tax bills for farms and businesses valued over £1 million
• Increasing complexity in estate planning
• New challenges for family-owned enterprises

Your Strategic Guide
We have prepared an informative video guide that:

• Explains the technical details in simple terms
• Outlines practical strategies to assist with your planning
• Helps you understand how this may affect your business

Click here to watch our useful video. 

Key Points to Remember

• Don't wait until it's too late – act now
• Consider early estate planning
• Seek advice regarding your particular circumstances

While our video provides an overview, every farm and business is unique. We recommend you speak with one of our tax specialist who can provide personalised guidance.