What is Business Property Relief?

Business Property Relief provides IHT relief on qualifying business assets including shares in unquoted trading companies and business partnership interests. 100% BPR is available on most qualifying assets. From April 2026, the combined value qualifying for 100% BPR and Agricultural Property Relief is capped at one million pounds per estate. Business owners with significant unquoted shareholdings need to reassess their IHT planning in light of this change.