Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what guidance her Department plans to issue to family business owners on inheritance tax reforms to agricultural and business property relief from April 2026.

As announced at Autumn Budget 2024, the government will reform Inheritance Tax agricultural property relief and business property relief from 6 April 2026.

The government has published several documents setting out further detail on how these changes will work in practice, including a policy paper at Autumn Budget 2024: https://www.gov.uk/government/publications/reforms-to-agricultural-property-relief-and-business-property-relief

A detailed explainer of the reforms, including case study examples, was published 5 November 2024: https://www.gov.uk/government/news/what-are-the-changes-to-agricultural-property-relief

On 21 July 2025, the government published draft legislation, an Explanatory Note and a Tax Information and Impact Note for the changes, alongside its response to the technical consultation on the changes: https://www.gov.uk/government/publications/reforms-to-agricultural-property-relief-and-business-property-relief

Final legislation for this measure will be included in the upcoming Finance Bill 2025-26, which will be published shortly after the Budget on 26 November. HMRC will publish full guidance and explain the changes through their communications channels, as appropriate, in due course for the changes coming into effect on 6 April 2026.