£1million Agricultural and Business Property Reliefs threshold increased to £2.5million from April 2026 – allowing spouses or civil partners to pass on up to £5million in qualifying agricultural or business assets between them.
The UK Government has today (Tuesday 23 December) announced that the level of the Agricultural and Business Property Reliefs threshold will be increased from £1million to £2.5million when it is introduced in April 2026. This allows spouses or civil partners to pass on up to £5million in qualifying agricultural or business assets between them before paying inheritance tax, on top of existing allowances.
For further information please select the following link: Inheritance tax reliefs threshold to rise to £2.5m for farmers and businesses - GOV.UK