The government has confirmed that Agricultural Property
Relief and Business Property Relief will remain capped at one million pounds
each until April 2031. The key change is that any unused allowance can now be
transferred between spouses or civil partners. This means a couple may be able
to use up to two million pounds of relief on the second death.We do not advise on tax planning or the financial value of
these reliefs, but these changes often prompt clients to look again at the
legal arrangements that protect their estates and businesses. When relief rules
change, it can influence how clients structure their wills, their business
succession plans and the legal documents that suppo...
