Business property relief (BPR) and agricultural property relief (APR) are changing in April 2026, sparking business across the UK to consider their positions before both reliefs are slashed in half.

Neil Davy, CEO of Family Business UK (FBUK) said: ‘The Autumn Budget 2024 brought this stable policy environment to an end. The changes announced to BPR and APR place material uncertainty over the future of many family-owned enterprises.

‘Far from increasing tax receipts into the Treasury and stimulating the economic growth the Government is trying to deliver, the changes to BPR and APR in the October 2024 Budget achieve the opposite; a reduction in tax receipts to the Treasury of almost £1.9bn, a reduction in GVA of nearly £15bn, and the loss of more than 200,000 jobs across the UK over the course of this parliament.’

APR