Insights
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APR/BPR reform – What steps should I take to begin planning for the changes?
The Government’s Autumn 2024 Budget saw significant changes to the Agricultural Property Relief (APR) and Business Property Relief (BPR) rules, through the introduction of a restriction on the 100% relief from inheritance tax (IHT) to the first £1m of qualifying assets. Any excess asset value over this amount will only receive 50% rel...
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