Update: Autumn Budget 2025 and transfer between spouses
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 £1m 100% relief allowance would not be transferrable between spouses. In Autumn Budget 2025, following the recording of our webinar, this was revised: the £1m 100% relief allowance will be transferable between spouses. This will apply even where the first death occurred before 6 April 2026.
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.