Navigating 2026 Inheritance Tax Changes: Gifting shares to mitigate tax burden In the 2024 Autumn Budget, Chancellor Rachel Reeves announced plans to reform Agricultural Property Relief (APR) and Business Property Relief (BPR) from April 2026. At present,...
Craig Simpson, Tax Partner at Bates Weston highlights the impact of the changes to Inheritance tax on business and agricultural assets on privately owned businesses as well as the farming community.
The changes to Business Asset Disposal Relief (BADR) announced in the Budget will reduce the rewards for those who take the risk of setting up a new business and driving its success.
How will the changes to Business Property Relief affect your Inheritance Tax bill? If you hold shares in your trading company or an interest in a partnership or sole trader, from 6 April 2026 you are likely to pay 20% inheritance tax on the value of your holding or interest above £1m. Why? Because of the changes to Business Property Relief announced in the Autumn Budget.
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