Understanding tax planning after this generational change for farms and businesses
The proposed cap on 100% IHT relief for APR and BPR changes the whole dynamic of tax planning for farmland or business assets. The first cap since 100% relief started in 1992 means lifetime succession planning (to pass shares of businesses onto the next generation) needs serious attention - unlike the current built-in incentive to hold onto businesses and farms until death to avoid both IHT and CGT.
This important event, presented by three highly respected industry speakers, will provide delegates with an overview of the key elements of the proposed new rules, with guidance on advising clients on effective succession planning.
The proposed changes announced on 30 October 2024, for the two reliefs to be subject to a combined cap of £1m, with any value exceeding £1m benefitting from only 50% relief means the much talked about 20% rate on the balance. This hugely significant and controversial change for business and farm owners needs detailed analysis.
These changes, due to come into effect on 6 April 2026, are currently under consultation, with draft legislation expected following the November 2025 Budget. However, clients need to start re-thinking plans now ahead of these changes, which highlight the need for proactive estate planning, including will planning and the effective use of lifetime giving strategies. Advisers will be consulted in the coming months on these issues by clients keen to find ways of minimising their IHT liabilities and may also wish to offer pro-active advice.
Join us on the 19th June for expert insights on this key issue.
Delegates will earn 3 CPD points for attending.
Speaker slides will also be made available to delegates.
We are delighted to bring delegates a trio of leading voices from the Tax community. Read on for brief biographies about the speakers you’ll hear from at this event.
John Bunker LL.B CTA TEP is a freelance lecturer and a Consultant Solicitor and Chartered Tax Adviser with Irwin Mitchell LLP. He is now co-editor of Bloomsbury's Practical Inheritance Tax Planning (with Mark Mclaughlin and IM colleague Sarah Paton) and co-editor and co-author of the Law Society’s IHT Planning Handbook. With extensive experience specialising in wills, trusts, estate and tax planning, John serves on HMRC’s Capital Taxes Liaison Group, TRS and IHT on Pensions sub-groups; and the CIOT’s Private Client (UK) committee, which he chaired for three and a half years until Sept 2021.
John created a training / know-how role for Thomas Eggar in 2012, after 23 years as a partner, now developed within Irwin Mitchell’s national Private Client team. Alongside this, John developed external training work in a freelance capacity. He brings enthusiasm for his subject, seeking to illuminate technical details with practical insight, to training for CIOT and STEP nationally, branches of STEP, CIOT, SFE/ALL, local law societies and the Law Society, as well as MBL, Professional Conferences and individual firms.
Chris Erwood CTA ATT (Fellow) TEP has in excess of 35 years practical but detailed experience working at senior level within the field of estate and trust taxation reflecting a balanced mix of HMRC, Big 4 Accountancy and FTSE100 Industry background. She is the tax director of Erwood & Associates Ltd which provides a specialist capital taxes consultancy service to both the HNWI client and their professional advisors.
She is a popular circuit lecturer, regular contributor to technical journals, published technical author in her specialist field of IHT, Estate and (onshore/offshore) Trust taxation and expert consultant to the South West professional forum. A former tutor and external examiner on the STEP Diploma programme and long-time member of the STEP Essay Route Panel, Chris is also directly involved with the CIOT chartered tax adviser (CTA) exam programme. She has written/co-written a number of technical books in her specialist field, including the following titles published by Bloomsbury Professional: Agricultural, Business and Heritage Property Relief; Inheritance Tax; Trust and Estates; Capital Gains Tax; and Tax Planning.
Peter Rayney FCA CTA (Fellow) TEP practices as an independent tax consultant. His main specialisms are corporate tax, company reorganisations, corporate finance tax (including company sales and acquisitions) SDLT, IHT and all aspects of owner managed business taxation.
Before he set up his own practice (Peter Rayney Tax Consulting) in 2009, Peter worked at BDO as a tax consultancy partner and latterly as the firm’s National Tax Technical Partner. He is a widely-recognised tax author and lecturer and regularly contributes to the professional press. He has now won Taxation's 'Tax Writer of the Year' award an unprecedented three times, in 2002, 2014 and 2018. Peter also received the ‘Outstanding Contribution to Taxation by an Individual’ award at the 2022 Taxation Awards.
Peter is a past President of the Chartered Institute of Taxation and previously chaired the ICAEW Tax Faculty Technical Committee. He is the author of Rayney’s Tax Planning for Family and Owner-Managed Companies. The 2025/26 volume will be published by Bloomsbury Professional later this year.
Early bird price: £260 + VAT – Book by 22nd May!
Full price: £280 + VAT
Discounts also available for group bookings – please email us to enquire.
Simply email taxseminar@bloomsbury.com to book your place.
Please provide your name, company (if relevant), email address and a contact number. A VAT invoice will then be issued upon receipt of your booking email.
Delegates will be sent a full event pack prior to the event, along with a Zoom registration link.
