Agricultural and Business Property Reliefs threshold

[LooneyTunes]

Government have given in to pressure and increased the threshold from £1m to £2.5m: https://www.gov.uk/government/news/inheritance-tax...

Not something that was expected, but better than it being capped at a lower level.

[isleofthorns]

seems also to be BPR, which is a welcome move....

[Terminator X]

TBF to Labour, it's a "good thing".

TX.

[LooneyTunes]

Terminator X said:

TBF to Labour, it's a "good thing".

TX.

It’s a good thing that they’re taking less than they originally intended, but still not as good as it being uncapped.

[bennno]

LooneyTunes said:

It s a good thing that they re taking less than they originally intended, but still not as good as it being uncapped.

Or that it’s being funded by raiding everybody's lifetime pension savings.

[LooneyTunes]

bennno said:

LooneyTunes said:

It s a good thing that they re taking less than they originally intended, but still not as good as it being uncapped.

Or that it s being funded by raiding everybody's lifetime pension savings.

It’s still worse position than before and arguably the tax take from this, along with all the other increases/raids, is what the government is spending…

Posted because I thought the BPR side might be of particular interest, so will try to keep it from becoming too political.

[MaxFromage]

Terminator X said:

TBF to Labour, it's a "good thing".

TX.

It's a shame they ruined people's lives getting there.