Business Property Relief Changes Explained: watch our webinar

If you’re a business owner who’s thinking about inheritance tax (IHT) planning, new restrictions to business property relief (BPR) will affect you from April 2026. Watch our webinar, where our specialists guide you through:

Why BPR is important in estate planning
What qualifies for BPR
How BPR is changing in 2026
How to plan for the challenges and pitfalls

Our experts in IHT, trusts and estate planning answer your questions and explain how BKL can help you.

Read the webinar slides here

If you have any questions on aspects that we didn’t cover, you’re welcome to get in touch using our enquiry form. We’d be pleased to help.

Our YouTube channel has recordings of our previous webinars which includes a range of specialist tax videos.

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Updates: Autumn Budget 2025, transfer between spouses and threshold

When the changes to BPR and agricultural property relief (APR) were published in the draft legislation for Finance Bill 2025-26, it was stated that the 100% relief allowance would not be transferrable between spouses. In Autumn Budget 2025, following the recording of our webinar, this was revised: the 100% relief allowance will be transferable between spouses. This will apply even where the first death occurred before 6 April 2026.

It was also stated originally that the level of the BPR and APR thresholds would be £1m when it is introduced in April 2026. In an announcement on 23 December 2025, these thresholds were increased to £2.5m.

How BKL can help

Our specialists in tax, IHT, trusts and estates help entrepreneurs, families and trustees to understand UK tax complexities and structure their estates tax-efficiently. This covers all points in the business lifecycle, and all aspects of your business ownership and wealth.

We can explain how the BPR changes will impact your unique situation, guide you through the factors that may affect your tax liability, and advise you on preserving and passing on as much of your wealth as possible. This includes helping you and your spouse to write and update your wills.

For a chat about how we can help you with IHT and estate planning, get in touch with Ryan Bevan or send us an enquiry.

This article was updated on 23 December 2025