03/06/2026
Big changes to Inheritance Tax for business owners & farmers 🚜
If you own a business or agricultural assets… this is important.
From April 2026, the rules have changed:
💡 Previously, many business and farming assets could be passed on 100% tax-free.
Now:
✔ Full relief is capped at £2.5 million
✔ Anything above that gets 50% relief (effectively 20% tax)
✔ Unlimited relief is no longer available
For couples, allowances can be combined—potentially passing on up to £5 million tax-free.
What does this mean in reality?
❌ Some families may face Inheritance Tax for the first time
❌ Larger estates could see significant tax bills
❌ Poor planning could mean selling assets to cover costs
💡 Especially for asset-rich families… planning is now more important than ever.
The key takeaway?
These changes don’t just affect farmers or large businesses…
They affect how your legacy is passed on.
Because when the rules change…
your planning should too.
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