The Profit Trap Whitepaper.
Here at Oldfield we've created a 12-page whitepaper on the five structural changes that happen as a business scales.
This guide is for owner-managed businesses turning over £2 million to £10 million who want to understand where profit goes, why it happens, and what to do about it.
Download your free copy today, or request a 30-minute one to one consultation.
Inheritance Tax rules are changing
Key reliefs have been tightened and from April 2027, pensions are being brought into scope for IHT for the first time.
12 pages of helpful information.
This whitepaper will help you to understand more on the following business areas.
- Pricing as a strategic decision
- The cost base
- Client profitability and management
- Cash flow and debtor days
- Getting financial information that is useful
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Business Property Relief (BPR) & Agricultural Property Relief (APR) Reductions
Business Property Relief and Agricultural Property Relief has long been a cornerstone of IHT planning, often giving 100% relief on qualifying business and farm assets, with no limit on values.
New rules:
- Business and agricultural assets will qualify for a £1m allowance of 100% relief
- Any value above £1m will only qualify for 50% relief, resulting in a 20% tax charge (40% IHT × 50%) on the excess. These limits apply per individual.
- This new £1m allowance will be effectively frozen for the next 5 years, reducing their effectiveness over time as asset and estate values rise.
- Certain assets previously eligible for full relief may now qualify for reduced or no relief at all.
- Trusts will have limitations for BPR and APR and the utilisation of the £1m allowance.
Insights prepared by our in-house experts.
Inside you will find 5 top tips to running your business. We will take a look at how you can get to your goals faster, and with fewer costly mistakes, with an advisor.
Trusts and Business/Farm Property Relief (Changes from April 2026)
Long-standing reliefs used to protect family businesses and farms from Inheritance Tax are being tightened. The government is introducing limitations on:
- Trust-held business and farm assets
- Multiple claims across structures
- Relief availability based on asset type and ownership
If you rely on trusts, family structures, or shared ownership of business or farm assets, these changes could dramatically affect your estate.
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Business Property Relief (BPR) Tightening + Relief Freeze (from April 2026)
Business Property Relief has long been a cornerstone of IHT planning, often giving 100% relief on qualifying business assets.
From April 2026:
- Relief rules will be tightened, restricting qualifying assets.
- Relief levels will be effectively frozen, reducing their value over time as asset prices rise.
- Certain assets previously eligible for full relief may now qualify for reduced or no relief at all.
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