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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 Íæż½ã½ã 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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