REFORMS TO APR RELIEF FROM INHERITANCE TAX

From 6^th April 2026, the first £1million of combined business and agricultural assets will continue to attract no inheritance tax.  However, for assets over £1million, inheritance tax will apply with 50% relief – effectively a tax rate of 20%.  For more information go to: Agricultural Property and Business Relief and we recommend you get professional advice to plan succession to reduce this liability as much as possible.