Jimmy Tse

Nov 8, 2024 | cla.org.uk | Dandan Li |Jimmy Tse

The information provided below is correct at the time of writing, but no legislation has yet been published, and the CLA is still lobbying to change the policy. Details will be updated regularly. The announcements in the 2024 Autumn Budget could create significant and lasting challenges for rural businesses of all sizes. Under the Chancellor’s proposed changes, from April 2026, inheritance tax (IHT) reliefs available to farms and family businesses will be restricted.

Oct 31, 2024 | cla.org.uk | Dandan Li |Jimmy Tse

The announcements in the Autumn Budget threaten to create significant and lasting challenges for rural businesses of all sizes. The measures seem less rooted in economic rationale and more driven by political instinct. The budget stands to impact family businesses across the country — those the government has pledged to protect. Under the Chancellor’s proposed changes, from April 2026, families face the daunting task of raising substantial funds to cover inheritance tax (IHT).