The Autumn Budget 2024 proposed major changes to agricultural and business property relief from 6 April 2026.
These changes will have an impact on the inheritance tax payable by certain trusts comprising of property that qualifies for agricultural property relief or business property relief where the value of that property exceeds £1 million. The government is consulting on this aspect to ensure the rules work as intended.
Interested parties should be aware that the consultation ends on 23 April 2025!
Full details may be found at:
