Are you eligible for Business Property Relief (BPR)?
Many business owners have lost their protection from Inheritance Tax (IHT) due to recent major tax changes. Affected families now need to adapt their estate plan to protect their business's future, by taking advantage of Business Property Relief (BPR).
Passing on a business and its assets can be a complex challenge, particularly when IHT is involved, and can risk the need for land or machinery to be sold to cover the tax bill. BPR can make a big difference, allowing you to pass on certain elements of a business with either a 100% or 50% IHT reduction.
While Business Property Relief has been in place for many years, it’s far from simple and recent changes have added another layer of complexity, with the UK Government introducing a new cap on BPR.
Under these updated rules:
Each individual can only claim full relief on the first £2.5 million of qualifying business assets.
Any value above that threshold will only receive 50% relief (instead of the current 100%).
This is a major shift from the previous system, where BPR was uncapped as long as criteria were met.
For many business owners whose entire enterprise used to qualify for full relief, these changes significantly impact their previous estate plans.
Talk to an expert to better understand BPR, and fully explore the rules around spousal transfer, trusts, lifetime gifts, and AIM or listed shares.
Book a free consultationWe can help business owners
Understand how the new BPR rules will affect your estate
Review ownership structures and land use
Identify risks and opportunities early
Build long‑term, tax‑efficient strategies to protect the farm
Use Trusts, gifting, insurance, and legacy planning to create stability across generations
Whether the goal is succession planning, intergenerational transition, or protection against future tax liabilities, every recommendation is tailored to your values and goals.
Just as importantly, we can help prepare the next generation by ensuring younger family members understand their financial responsibilities and the legacy they will inherit.
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