Households given £3m inheritance tax-free after law change | Personal Finance | Finance
A special new rule to allow farmers to pass on up to £3m without paying a penny of Inheritance Tax on it has been unveiled by Chancellor Rachel Reeves.In the government’s Budget announcements on Wednesday, it was confirmed that a new agricultural property relief will apply for farmers to allow them to transfer allowances between themselves and their partners and thus avoid Inheritance Tax legally.It means that the allowance for widows and widowers will be ‘doubled’ from April 2026.In its announcement, HM Treasury and the Department for Environment, Food and Rural Affairs said: "The government has announced that any unused £1 million allowance for agricultural property relief and business property relief will be transferable between spouses and civil partners, to bring it in line with th...










