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,...
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.
Craig Simpson, Tax Partner at Bates Weston looks at Inheritance Tax, in particular Business Property Relief and considers what plans Rachel Reeves might have in store for the Autumn Budget.
An overview of Business Relief, formerly known as Business Property Relief and its importance in Inheritance Tax Planning.
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