guidance / Advice and FAQs / Business operations
Changes to Inheritance Tax (Business Property Relief)
At the Budget in 2024, the Government announced far reaching changes to inheritance tax rules affecting Business Property Relief (BPR) and Agricultural Property Relief (APR).
These reliefs previously allowed qualifying business and agricultural assets to be passed on with no inheritance tax liability.
Securing meaningful change to Business Property Relief
Following sustained engagement and campaigning by UKHospitality, the Government has confirmed significant amendments to the original proposals, which will apply from 6 April 2026.
The primary change has been the move to increase the relief threshold from £1m to £2.5m.
Thank you to all members that supported and engaged in our campaign for change.
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