Toby Tallon on IHT: "Families must now radically rethink their approach or potentially face damaging consequences"

Toby Tallon, tax partner at professional services group S&W, shares five key steps for farmers to reduce IHT risks ahead of impending changes to APR and BPR

clock • 7 min read
Toby Tallon said: "When the Government marked the end for uncapped 100% Inheritance Tax relief under Agricultural Property Relief (APR) and Business Property Relief (BPR) at the Autumn Budget last year, it threw farms and family businesses into turmoil."
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Toby Tallon said: "When the Government marked the end for uncapped 100% Inheritance Tax relief under Agricultural Property Relief (APR) and Business Property Relief (BPR) at the Autumn Budget last year, it threw farms and family businesses into turmoil."

Inheritance Tax Farmers and family business owners must now consider Inheritance Tax (IHT) when passing the reins to the next generation. This calls for radical action but there is still time ahead...

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