Open consultation
Reforms to inheritance tax reliefs: consultation on property settled into trust
Consultation description
At Autumn Budget 2024, the government announced several reforms to agricultural property relief and business property relief from Inheritance Tax, including a £1 million allowance which will apply to the combined value of property that qualifies for 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.