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£1m APR/BPR allowance transferable between spouses

Journalist: Laura Miller, Freelance

ended 26. November 2025

The Chancellor announced the £1 million agricultural property relief / business property relief allowance will be now be transferrable between spouses, after initially refusing to permit this. Newspage asked financial experts what this means for family business owners and farmers.

  • How will this change affect farmers and family busineses?
  • Is it too little too late, will people have already made changes to owership?

 

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Editor
David Stirling
Independent Financial Adviser at Mint Wealth
The convoy of Massey Fergusons bringing Westminster traffic to a standstill clearly made its mark. This policy was deeply unpopular, threatening the continuity of family farms and forcing many onto a path of complex and costly trust planning. In practice, larger farms may still face the same thresholds and challenges, but for smaller family farms, this represents a welcome reversal.