Inheritance Tax Reforms: Government Raises Relief Cap but Key Changes Remain for Farming Sector
The UK Government’s announcement, on 23 December 2025, to increase the cap on 100% inheritance tax relief for agricultural and business assets from £1 million to £2.5 million per individual has been widely welcomed across the rural sector. The decision, introduced under Chancellor Rachel Reeves, marks a significant revision to earlier proposals. Industry bodies, including […]
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