Webinar: Plan now for the April 2026 changes to BPR and APR

Watch webinar recording:

In this recorded webinar, Private Client Partner Michaela Lamb, Tax Partner Ian Timms, and Tax Director Kelly Fern discuss the April 2026 changes to Business Property Relief and Agricultural Property Relief, and what they mean in practice for business owners, farmers, and those planning for succession and inheritance tax.

Significant changes to Business Property Relief and Agricultural Property Relief are coming into force from April 2026. For business owners, farmers, and those involved in succession planning, these reforms could materially increase future inheritance tax exposure.

Whether you believe the new rules will affect you immediately or further down the line, early understanding and preparation are key.

This one-hour session covers the background to the reforms, how the reliefs work in practice, and the planning strategies available before and after April 2026.

What this webinar covers

An overview of the April 2026 changes to Business Property Relief and Agricultural Property Relief and how the new caps will operate in practice
How Business Property Relief works, including qualifying assets, trading tests, and the treatment of excess cash and excepted assets
How Agricultural Property Relief applies to land, farmhouses, tenancies, and diversified farming activities
The inheritance tax impact of the new rules, with worked examples showing how liabilities can arise
Planning options to manage inheritance tax exposure, including lifetime gifting, trusts, family investment companies, and insurance
Why business and asset valuations are now critical, including valuation methods and minority discounts
Common risk areas and planning pitfalls, such as group structures, director loan accounts, and documentation failures

Speakers:

Michaela Lamb

Partner, Tax

After qualifying as a Chartered Accountant in 2005, Michaela chose to specialise in tax because it allowed her to become more involved with her clients, helping them address the challenges presented by the ever-changing tax landscape.

She is one of our more colourful Partners, whose main goal is making tax a little less daunting for her clients, by providing straightforward, practical advice and support.

Michaela is a full member of the Society of Trust and Estate Planners (STEP) and advises on all Private Client issues for UK and offshore individuals, and for Trusts and Estates. She also leads our Probate service. Michaela specialises in working with families to achieve tax efficient (often inter-generational) planning, as well as providing tax advice when the situation changes, for example on marriage and divorce or if someone is coming to (or leaving) the UK. Michaela often works with people who need to take UK tax advice for the first time, and believes that advice should be put simply and clearly to avoid any doubt.

Michaela is also our RSU (restricted stock unit) specialist. She advises clients in relation to helping them understand exactly what an RSU is when offered by their employer, through to guiding them through the tax treatment, acquisition and selling of RSUs.

Speak to Michaela

Ian Timms

Partner, Tax

Ian is a Chartered Tax Advisor and Chartered Accountant and has considerable experience in the tax and accountancy world. He specialises in helping individuals, businesses and corporates with tax planning and tax mitigation strategies. He works across a large number of industries including life sciences, industrial and construction, farming, land development, property, universities and colleges, charities, media, retail (online and physical) and hospitality.

Speak to Ian

Kelly Fern

Director, Tax

Kelly Fern is a Director in Gravita’s Tax team, with a strong background in advising owner-managed businesses on a wide range of tax matters. She qualified as a Chartered Accountant in 2018 and subsequently specialised in tax, becoming a Chartered Tax Adviser and member of the Chartered Institute of Taxation in 2022.

Kelly’s expertise spans capital taxes, corporation tax, and personal tax, with a particular focus on providing strategic, tailored advice to business owners. She is also experienced in managing complex interactions with HMRC and supports clients on a variety of general tax matters. Her up-to-date technical knowledge and practical approach enable her to deliver clear, commercial solutions in an ever-evolving tax landscape.

Kelly possesses in-depth expertise in the NHS Pension Scheme, particularly in relation to the complexities introduced by the McCloud remedy. She has successfully guided clients through the intricate processes of tax reporting and pension recalculations. In addition, she provides tailored advice on a wide range of personal pension matters, offering comprehensive support to clients navigating the broader landscape of retirement planning and this is often delivered in conjunction with Inheritance Tax planning.

Speak to Kelly