Government to push ahead with IHT changes for farmers
🚨 Is there a planning opportunity here for advisers? I’m not an IHT specialist, but I thought this might be worth flagging. The new Labour government has confirmed changes to Inheritance Tax on farming property. From April 2026, 100% APR and BPR will only apply to the first £1m of combined agricultural and business property. Anything above that will attract 50% relief – leaving a 20% IHT charge on the excess. No quick fixes, and the accountancy firms are already sounding the alarm – especially around lifetime transfers, gifts with reservation, and control/income implications. Might this open the door for advisers to add real value? Curious to hear your take.