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Changes to Agricultural and Business Property Reliefs

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06 Jan 2026

Changes to Agricultural and Business Property Reliefs

HMRC have announced a significant change to the proposed reforms to Agricultural and Business Property Reliefs (APR and BPR) announced in the Autumn Statement in 2024. This change has increased the originally proposed tax free threshold of £1m to £2.5m. With spousal exemptions meaning that this can increase to £5m, HMRC claim that this will mean a large number of affected parties now falling out of the net with only the largest estates being affected. This is a welcome response by HMRC to feedback principally from the farming industry but not a complete reversal and nothing else has changed including the implementation date – 6 April 2026. For more information please see our original article from July 25 or download our updated information sheet.

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