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Reforms to Inheritance Tax reliefs: consultation on property settled into trust

We welcome views on the technical application of upcoming changes to agricultural property relief and business property relief to property settled into trust.

Last fetched 03 May 2026 · gov.uk

Detail

At Autumn Budget 2024, the government announced several reforms to agricultural property relief and business property relief from Inheritance Tax, including a £1 million allowance which will apply to the combined value of property that qualifies for 100% business property relief or 100% agricultural property relief or both.

This consultation document invites views on how the changes will apply to property settled into trust.

Documents

Reforms to Inheritance Tax agricultural property relief and business property relief: application in relation to trusts Reforms to Inheritance Tax agricultural property relief and business property relief: application in relation to trusts — Summary of responses