Closed consultation

Reforms to inheritance tax reliefs: consultation on property settled into trust

• From: HM Revenue & Customs
• Published: 27 February 2025

We are analysing your feedback

Visit this page again soon to download the outcome to this public feedback.

Summary

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

This consultation ran from
2pm on 27 February 2025 to 11:59pm on 23 April 2025

Consultation description

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

HTML

Published 27 February 2025