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

Chris Brayford
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."
Image:

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...

To continue reading...

Already a member? Login for full access.

Login

New to Farmers Guardian? Register for 1 free article per week or become a member for unlimited access to essential farming news and insights.

article-img-580x358

 

More on Politics

OPINION: Starmer's inevitable demise brings more Westminster chaos to British Farming

OPINION: Starmer's inevitable demise brings more Westminster chaos to British Farming

When will farmers have clarity from a stable Government which backs, rather than hinders, British farming?

Chris Brayford
clock 15 May 2026 • 4 min read
Iran war: Farmers urged to prioritise fuel and prepare for 2027 shortages

Iran war: Farmers urged to prioritise fuel and prepare for 2027 shortages

The Central Association of Agricultural Valuers warns the UK will start feeling the impacts of the crisis in the Gulf so farmers need to prepare while Government need to keep the situation under close review

clock 15 May 2026 • 2 min read
OPINION: More upheaval at Defra is not what farming needs

OPINION: More upheaval at Defra is not what farming needs

Could a change in Prime Minister mean more disruption at Defra?

Alex Black
clock 14 May 2026 • 2 min read