Posted: 20/03/2025
In February 2025 the government released its much-anticipated consultation on the inheritance tax (IHT) reforms announced in the Autumn Budget 2024, specifically addressing agricultural property relief (APR) and business property relief (BPR) in relation to trusts (the new rules).
The consultation presents significant opportunities for individuals to optimise their estate plans to maximise APR and BPR before 6 April 2026.
Lucy Edwards and Sonia Dhesi provide a high-level update on the planning opportunities for farm and business owners in light of the change.