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.
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 (Business Property Relief) and (Agricultural Property Relief).
As part of this work, we're carrying out a survey, which is being conducted and managed by CBI Economics, and we'd appreciate it if you would participate by completing the following questionnaire.
The survey will take between 5 – 8 minutes to complete and will be open until 2 March.
All data will be treated confidentially, and responses will be aggregated across sectors, regions, farms and business size.
