Impact of latest IHT changes to be discussed at Monitor Farm open meeting

Farmers seeking the latest information on how the changes to agricultural property relief (APR) and business property relief (BPR) could affect them and their families are invited to a Monitor Farm Scotland open meeting to hear expert insights and discuss the implications.

The evening meeting on Wednesday 25 February, at Saplinbrae Hotel, Mintlaw, Aberdeenshire, will host Leigh Gould, Brodies LLP partner, a private client lawyer with over 20 years’ experience. She also advises on how to use additional structures for holding and passing on wealth and minimising tax. She has a particular focus on advising clients with land and rural businesses.

Leigh will discuss the implications for farm businesses of recent changes in agricultural property relief (APR) and business property relief (BPR) for Inheritance Tax (IHT) when these are introduced in April 2026. Alongside colleague Georgia Chalmers, Leigh will also cover wills, trusts, partnership or shareholder agreements, and lifetime gifts.

Leigh says: “There have been welcome changes to the proposed new regime for inheritance tax for farm and other business owners. Agricultural property relief (APR) and business property relief (BPR) for IHT will be increased from £1m to £2.5m when it is introduced in April 2026.

“The need to plan for the hand over to the next generation in life or on death remains to be done. The part-reversal of the IHT changes may make this easier to do.’’

If you’d like to understand how the changes to APR and BPR could affect your farm or business, come to this Monitor Farm Scotland meeting, hear Leigh’s insights and quiz her on the night.

Chaired by Michael Murray, director of M2Accountants, this meeting is open to all and starts at 5.45pm with a buffet supper, so booking is essential for catering purposes.

Peter Beattie, Monitor Farm regional adviser says: “This will be a great opportunity to hear the latest information on this topic from an expert dealing with it every day. After Leigh’s presentation, there will be a chance to ask questions and then continue discussions over tea and coffee.”

• Monitor Farm Scotland update on the impact of changes to Inheritance Tax for farm businesses on Wednesday 25 February 5.45-9pm at Saplinbrae Hotel, Mintlaw, AB42 4LP. Buffet supper provided, so booking is essential. Book here:https://IHTwithLeighGould.eventbrite.co.uk