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."
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

 

2020, New Holland T6.180

2020, New Holland T6.180

VIEW ADVERT
£POA

2002, LANDINI GHIBLI 80

2002, LANDINI GHIBLI 80

VIEW ADVERT
£POA

2020 MCCORMICK X2.20 TRACTOR

2020 MCCORMICK X2.20 TRACTOR

VIEW ADVERT
£POA

More on Politics

Farmers feel 'vilified' on climate change

Farmers feel 'vilified' on climate change

The Climate Change Committee said Scotland may have to reduce cattle and sheep numbers by 2045 to reach net zero, but farmers have argued they are playing their part to reduce emissions and support the environment

clock 14 June 2025 • 5 min read
Gamekeepers recognised for crucial role in preserving upland landscapes

Gamekeepers recognised for crucial role in preserving upland landscapes

A new study said gamekeeping has a vital economic, environmental, and social role in shaping moorlands across England

clock 14 June 2025 • 4 min read
OPINION: Farm profitability – While the Government pats itself on the back, confidence plummets

OPINION: Farm profitability – While the Government pats itself on the back, confidence plummets

Head of news and business Alex Black discusses the latest total income from farming figures

Alex Black
clock 13 June 2025 • 1 min read