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Inheritance Tax Reform 2026: What April’s Changes Mean for Business and Agricultural Assets

Inheritance Tax Reform 2026: What April’s Changes Mean for Business and Agricultural Assets

The UK government’s upcoming inheritance tax reforms will bring increased scrutiny to Business Property Relief (BPR) and Agricultural Property Relief (APR), with changes expected to take effect from April 2026. While the reliefs themselves remain in place, the reforms aim to ensure they apply primarily to genuine trading businesses and active agricultural operations.

For business owners and landholders, this shift means that business structures, asset holdings and succession plans may need closer review in the coming year. This article explores the key policy changes announced in the recent budget, what they mean for family businesses and farms, and practical steps owners can take to prepare before the new rules come into force.

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