Business Property Relief (BPR) can provide valuable protection from inheritance tax, but the rules are far from straightforward. Understanding when relief applies, how much is available and the planning steps needed to secure it is essential for business owners and their advisors. 

This Special Report explains the qualifying conditions for BPR in clear, practical terms, using real-life examples to show how the rules work in practice. It highlights the common traps that can result in relief being lost and provides actionable planning ideas to help maximise the value passed on to the next generation. 

The report has been fully updated to reflect the major changes that took effect on 6 April 2026. Before this date, 100% BPR was available without limit. However, the amount qualifying for 100% relief is now capped at £2.5 million per individual, making it more important than ever to review succession plans and wills to ensure the expected relief will be available. 

Whether you're reviewing an existing estate plan or planning ahead, this report will help you identify risks, understand the impact of the new rules and take steps to maximise your after-tax legacy.