Preparing for the 2025 Legislative Changes: A Guide for Trustees and Corporate Service Providers

The Autumn 2024 Budget sent shockwaves through the business and farming communities with the unexpected announcement that Business Relief and Agricultural Relief from inheritance tax (IHT) will be drastically curtailed from April 2026.

Following the Autumn Budget on 30 October the Government have announced a huge restriction to the availability of the UK Inheritance Tax (“IHT”) Reliefs - Business Property Relief (“BPR”) and Agricultural Property Relief (“APR”).

The Autumn Budget 2024 brought several significant changes to the UK tax landscape.