IHT reform 'unnecessarily complex': Agricultural and Business Property Relief plans under the microscope

'The government has demonstrated some recognition that paying the IHT on qualifying assets may be difficult'

clock • 4 min read

Sarah Wray shares her insight on planned IHT reforms, giving her views on what’s good, what’s bad and what needs to be done...

The government recently released its consultation on proposed reforms to Agricultural and Business Property Relief (APR and BPR) from inheritance tax (IHT) set to take effect from 6 April 2026. The consultation, open for two months, offered some positive developments from the Budget announcements. However, there are areas of increased complexity, which row against broader policy aims to simplify tax. The positives The Budget announced that individuals would have a £1m allowance for claiming 100% relief. The consultation has clarified that this allowance will refresh every seven year...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Autumn Budget changes making advisers consider trusts for IHT planning

Autumn Budget changes making advisers consider trusts for IHT planning

Uptick in client concern about intergenerational planning

Isabel Baxter
clock 05 June 2025 • 2 min read
Partner Content: What do advisers need to do to help clients with the great wealth transfer?

Partner Content: What do advisers need to do to help clients with the great wealth transfer?

Access the Professional Adviser educational content portal

Professional Adviser
clock 04 June 2025 • 1 min read
Thinking outside the tax box: The need for a modern approach

Thinking outside the tax box: The need for a modern approach

'Act now to ensure clients are resilient and well-positioned for the future’

Andrew Aldridge
clock 30 May 2025 • 4 min read