APR & BPR - A Bite-Sized Update on Latest Changes with Giles Goodfellow KC

Introduction

The 2024 Budget announced the most significant changes to the Business Property Relief (‘BPR’) and Agricultural Property Relief (‘APR’) in over 30 years.

Join Giles Goodfellow KC of Pump Court for an update on the changes to BPR and APR as a result of the October 2024 Budget. This short webinar is suitable for private client solicitors, accountants, IFAs and wealth managers.

What You Will Learn

The webinar will cover the following:

• A brief outline of the major changes to APR and BPR
• What steps can safely be taken in advance of the publication of the legislative provisions
• The new caps to APR and BPR and how they will operate
• The impact of new limitations on relief for trusts and the anti-forestalling provisions to disincentivise the creation of multiple trusts on or after 30 October 2024
• The changes to BPR on AIM quoted shares
• How the anti-forestalling provisions affect lifetime transfers on or after 30 October 2024 if the donor dies on or after 6 April 2026
• The effect on the reduction in relief on small businesses including small agricultural holdings
• The implications of unused 100% reliefs not being transferable between spouses/civil partners

This webinar was recorded on 19th November 2024

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