Inheritance tax (IHT) relief has long played a vital role in allowing farms and family businesses to pass from one generation to the next without being forced to sell assets. From April 2026, that landscape changes. Reforms to Agricultural Property Relief (APR) and Business Property Relief (BPR) introduce a cap […]
Tag Archives: IHT
09
May
May
In our previous blog, Inheritance Tax Exemptions – Christmas is a time for giving, we explained some of the main exemptions available to reduce your estate and any IHT liability it may attract. One such exemption, which is potentially the most valuable, is that of “Normal Expenditure out of Income”. […]
26
May
May
Former Labour Chancellor Roy Jenkins famously described Inheritance Tax as: “A voluntary levy paid by those who distrust their heirs more than they dislike the Inland Revenue.” Inheritance Tax is now nearly 35 years old, but the comments made by Jenkins back in the day still hold a kernel of […]