From April 2026 two of the main IHT reliefs Agricultural Property Relief (APR) and Business Property Relief (BPR) are changing:
100% relief is limited to the first £1m of combined qualifying agricultural and business assets and the relief will be reduced to 50% (currently 100%) for any qualifying agricultural and business assets exceeding the combined £1m threshold.
BPR for shares that are not listed on a recognised stock exchange such as those on the Alternative Investment Market (AIM) will be reduced to 50%.
The caps announced will increase the IHT payable by a substantial number of business owners and landowners. The incentives for housebuilding and the pressure to deliver new homes means land values often exceed the agricultural value and even small farms can be worth well over £1m.
The key question for many farmers and business owners is whether they will have a...
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Home >Articles > Autumn Budget 2024: IHT - APR and BPR reform
Autumn Budget 2024: IHT - APR and BPR reform
From April 2026 two of the main IHT reliefs Agricultural Property Relief (APR) and Business Property Relief (BPR) are changing:
100% relief is limited to the first £1m of combined qualifying agricultural and business assets and the relief will be reduced to 50% (currently 100%) for any qualifying agricultural and business assets exceeding the combined £1m threshold.
BPR for shares that are not listed on a recognised stock exchange such as those on the Alternative Investment Market (AIM) will be reduced to 50%.
The caps announced will increase the IHT payable by a substantial number of business owners and landowners. The incentives for housebuilding and the pressure to deliver new homes means land values often exceed the agricultural value and even small farms can be worth well over £1m.
The key question for many farmers and business owners is whether they will have a...
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
