A farmer protest in Oxford in January 2025 against controversial changes to inheritance tax. \ P McCann.
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The UK government will not be changing its planned reforms to inheritance tax at next month’s Autumn Budget, a Treasury Minister has indicated.
Speaking at Westminster on Tuesday, Exchequer Secretary to the Treasury Dan Tomlinson described the controversial changes to inheritance tax as “the right decision”.
“The Government believe that the approach set out at the Budget last year is the appropriate one,” the Labour MP said.
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It means the new £1m limit on agricultural property relief (APR) and business property relief (BPR) combined is set to come into effect as planned from April 2026.
Impact
There had been some hope that Labour might change tack after a report was published in August 2025 about how to limit the impact of inheritance tax reform on family farms.
However, on Tuesday, Tomlinson appeared to dismiss the proposals which came from the London based think tank, known as CenTax.
“I have looked at the report, which has been raised by members from all parties, but I do not think it is the silver bullet that others have concluded it could be,” he said.
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The UK government will not be changing its planned reforms to inheritance tax at next month’s Autumn Budget, a Treasury Minister has indicated.
Speaking at Westminster on Tuesday, Exchequer Secretary to the Treasury Dan Tomlinson described the controversial changes to inheritance tax as “the right decision”.
“The Government believe that the approach set out at the Budget last year is the appropriate one,” the Labour MP said.
It means the new £1m limit on agricultural property relief (APR) and business property relief (BPR) combined is set to come into effect as planned from April 2026.
Impact
There had been some hope that Labour might change tack after a report was published in August 2025 about how to limit the impact of inheritance tax reform on family farms.
However, on Tuesday, Tomlinson appeared to dismiss the proposals which came from the London based think tank, known as CenTax.
“I have looked at the report, which has been raised by members from all parties, but I do not think it is the silver bullet that others have concluded it could be,” he said.
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