Gifting APR/BPR assets on death

Important changes to Agricultural and Business Property Relief will come into effect on 6 April 2026. Simon Douglas has just published an article in the Tax Journal which explains how these changes will affect testamentary gifts of farms and businesses. Traditional approaches to will-drafting for APR/BPR assets may no longer be appropriate, and Simon’s article explains what changes will need to be made to ensure that clients do not waste their reliefs, particularly the transferable £2.5m allowance from a spouse, when writing their will.

The direct link to the article on the Tax Journal website can be found here.