{"id":6312,"date":"2025-04-15T09:22:53","date_gmt":"2025-04-15T08:22:53","guid":{"rendered":"https:\/\/www.bainesjewitt.co.uk\/blog\/?p=6312"},"modified":"2025-04-15T08:22:55","modified_gmt":"2025-04-15T08:22:55","slug":"time-is-running-out-to-respond-to-the-open-consultation-on-reforms-to-apr-and-bpr","status":"publish","type":"post","link":"https:\/\/www.bainesjewitt.co.uk\/blog\/time-is-running-out-to-respond-to-the-open-consultation-on-reforms-to-apr-and-bpr\/","title":{"rendered":"Time is running out to respond to the open consultation on reforms to APR and BPR"},"content":{"rendered":"

The Autumn Budget announced significant changes to reduce Agricultural Property Relief (APR) and Business Property Relief (BPR) under Inheritance Tax (IHT).<\/span><\/p>\n

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Effective from April 2026, the new rules abolish the unlimited 100 per cent tax relief on agricultural and business assets.<\/span>\u00a0<\/span><\/p>\n

Instead, a new cap of \u00a31 million on the 100 per cent will be introduced per individual, with any relief beyond the cap set at 50 per cent.\u00a0<\/span>\u00a0<\/span><\/p>\n

How does IHT work for property settled in trust?<\/span><\/b>\u00a0<\/span><\/h3>\n

Property settled in trust is subject to ongoing IHT charges rather than being included in the value of a settlor or beneficiary\u2019s estate on death.\u00a0<\/span>\u00a0<\/span><\/p>\n

This legislation will have an impact on the IHT payable on property settled in trusts, where that property qualifies for APR or BPR and exceeds \u00a31 million in value.\u00a0<\/span>\u00a0<\/span><\/p>\n

The main relevant property trust charges are:\u00a0<\/span>\u00a0<\/span><\/p>\n