Mark McLaughlin warns of a potential risk for business owners seeking inheritance tax business property relief and highlights a possible solution.
Business property relief (BPR) is a valuable inheritance tax (IHT) relief, despite the restriction in relief at the 100% rate to the first £2.5m of an individual’s relevant business property from 6 April 2026. Above that threshold, the BPR rate reduces to 50%. However, any unused 100% relief allowance can be transferred to a spouse or civil partner.
