IHT & Farms - The Current Position

Introduction

The Autumn Budget has sent shockwaves through the farming community - with Agricultural and Business Relief slashed to 50% from April 2026, the financial landscape is changing fast.

These changes could lead to significantly higher Inheritance Tax (IHT) liabilities, making full succession planning not just important, but urgent.

Lifetime transfers are now a key strategy, but Capital Gains Tax and funding options, including potential farm sales, must also be addressed.

Gain clarity in a time of uncertainty. This full-day course will guide you through the implications of the reduced reliefs, the possible extension to April 2027, and the political unpredictability - including the Reform Party’s pledge for 0% IHT.

Secure your place today and ensure your clients or farm business are prepared for what’s ahead.

What You Will Learn

This course will cover the following:

• Using the £1 million allowance to maximise 100% relief
• The need for fully updated farm succession planning to consider all eventualities
• The need for updating farm wills, LPAs and partnership agreements
• Maximising areas of potential 100% relief restricted to £1million
• Focus on the risks of holding investments resulting in 0% BPR, e.g. Butler, Tanner and Kingsworthy Meadow Fisheries
• AHA tenancy - still 50% APR
• Partnership property - still 50% BPR - protection of beneficial interest
• Lifetime gifting for IHT saving - holdover relief remains - the need to understand CGT including rollover relief and protect against GROB and failed PETs
• The importance of current and future farm values, e.g. the impact of ‘AOCs’
• Funding the future IHT liabilities in the context of funding end of life care
• Rethinking woodland relief and heritage property in the context of reduced relief
• The impact on potential development land values and sales including compulsory purchase (‘CPO’) proposals