Protecting your farm’s future: understanding the new IHT rules
For many farming families, the farm is far more than a business. It is a heritage, identity, and the foundation on which generations have built their livelihoods. But rising land values and new Inheritance Tax (IHT) rules now pose one of the greatest risks to the continuity of that legacy.
Get jargon-free expert advice to ensure your financial plans are fully optimised to reduce the impact of IHT ahead of 6 April 2026.
Please note: The Financial Conduct Authority does not regulate advice on taxation, Trusts, or Estate Planning.
What’s changing?
From April 2026, the UK Government will introduce a new cap on Agricultural Property Relief (APR) and Business Property Relief (BPR).
Under the new rules:
Each individual can claim full relief on only the first £2.5 million of qualifying agricultural or business assets.
Any value above that threshold will receive only 50% relief (instead of the current 100%).
This is a major shift from the existing system, where APR and BPR have been uncapped as long as criteria were met.
For many families who assumed their entire farm qualified for full relief, this marks a fundamental change in future estate planning.
We can help farming families
Understand how the new APR/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.
Ready for a conversation?
Inheritance Tax: A simple breakdown
Inheritance Tax can be a complex area of estate planning, so our experts have broken down the key points in this quick and simple guide, covering everything from tax-free allowances and leaving money to a partner, to passing on your home and gifting.
Inheritance Tax and pensions: what’s changing
From April 2027, the way Inheritance Tax (IHT) is calculated in the UK is due to change. Find out how unused pension savings will be included when working out the total value of someone’s estate.
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