Britain’s farmers in revolt

What’s happened?

Changes to agricultural property relief (APR) and business property relief (BPR), announced by chancellor Rachel Reeves in her Budget, have become the subject of fierce debate, one that has not died down since 13,000 farmers protested in London last week. Under the reforms, agricultural estates, previously exempt from inheritance tax (IHT), will be subject from April 2026 to a 20% levy on their value over £1m (half the standard IHT rate). But just how big the impact will be on affected businesses is still far from clear. The