23 Nov 2025
While farmers have attracted much of the attention around IHT reform following last year’s budget, the impending changes will not be limited to agriculture.
The rules that come into effect from April 2026 mean assets over £1 million will effectively be taxed at a rate of 20% when passed onto relatives.
They will apply to a wide range of family-owned firms, many of which have relied on full relief to pass companies between generations without incurring large tax bills.
Acting now is essential – review succession plans, check business assets & trust planning, update wills and consider key actions to be taken before the new rules take effect.
So, if you’re a business and are concerned about these changes, speak with our team at Wealth Professional who will be able to help.
