March 25, 2024 | Mercers Solicitors
The extension to Agricultural Property Relief
Agricultural Property Relief (APR) is an important Inheritance Tax (IHT) relief which operates by reducing the agricultural value of agricultural property, either by 100% or 50%, provided certain criteria are met. APR can be applied to reduce the value of lifetime transfers, transfers on death and charges arising on discretionary trusts. Following a government consultation […]