Inheritance Tax Budget 2024 Agriculture Uk. Using agricultural property relief (apr) and business property relief (bpr) can help reduce or even completely remove inheritance tax on an estate, which would otherwise. Chancellor rachel reeves has been urged to 'think again' as inheritance tax changes will be 'immensely damaging' to the let sector of agriculture.
But assets above £1m, inheritance tax will apply with a. When an estate includes a farm and farmland, where agricultural activities are taking place, agricultural property relief (“apr”) can apply at up to 100% to reduce the.