Inheritance tax and trusts: What does the Government’s consultation mean for you?
The inheritance tax landscape for family businesses and agricultural landowners is undergoing its most significant transformation in decades.
Following the Autumn Budget 2024 announcements regarding changes to Agricultural Property Relief (APR) and Business Property Relief (BPR), the government has released a consultation document addressing the application of these changes to property settled into trusts.
In our latest podcast episode, Leonora Stevens and Mike Hodges discuss:
- The key changes to APR/BPR announced in the Budget.
- Summarise the document’s key points outlined.
- Discuss the major planning considerations and potential implications for our clients.
Understanding the nuances of these proposed reforms is essential for effective estate planning, particularly for those utilising trusts.
We also examine the proposed changes in greater detail in our article.
Also, our Private Wealth team recently won in the prestigious Accountancy Team category at the 2025 WealthBriefing European Awards!