The NFU has partnered with Family Business UK and 30 other UK trade associations to assess the impact of recent changes to inheritance tax on family-owned businesses and farms, with a particular focus on BPR and APR. This survey has now closed.
At the 2024 Autumn Budget, the government announced significant reforms to both BPR and APR (Business Property Relief and Agricultural Property Relief).
From April 2026, the 100% rate of relief will continue for the first £1 million of combined agricultural and business assets, with a reduced rate of relief of 50% for amounts above this threshold.
As part of this work, we carried out a survey, conducted and managed by CBI Economics.
The survey was open until 2 March.
All data will be treated confidentially, and responses will be aggregated across sectors, regions, farms and business size.
This page was first published on 14 February 2025. It was updated on 02 March 2025.
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