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Inheritance Tax Relief threshold set to increase to £2.5 million
The UK government has confirmed that the threshold for Agricultural Property Relief (APR) and Business Property Relief (BPR) will rise significantly from £1 million to £2.5 million, effective from April 2026.
This adjustment means that spouses or civil partners will be able to transfer up to £5 million of qualifying agricultural or business assets between them without incurring inheritance tax (IHT), in addition to existing allowances.
The move follows extensive consultation aimed at safeguarding family farms and trading businesses, while ensuring that relief remains proportionate and does not extend without limit to the highest-value estates.
To read our full article, please click below. | | Pre-April 2026 planning opportunities
The 2025 Autumn Budget introduced significant tax changes, some of which are effective from April 2026, affecting dividends, rental income, Enterprise Management Incentives (EMI) schemes, inheritance tax reliefs, and more. Businesses and individuals need to plan proactively to optimise tax efficiency and manage the impact on cash flow.
Some of the upcoming key changes include: - Dividend tax rates increase
- EMI scheme expansions
- Temporary non-resident rules tightened
- Inheritance tax reliefs restricted
- EOT CGT relief halved
To read our full article, please click below.
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Navigating the changes to FRS 102 | |
The Financial Reporting Council (FRC) has announced significant changes to FRS 102, effective for accounting periods beginning on or after 1 January 2026.
These updates are designed to bring UK GAAP closer in line with international accounting standards and introduce important new requirements for revenue and lease accounting. Businesses will need to understand and prepare for these changes to ensure continued compliance and accurate financial reporting. To download the full document, please click below.
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Q4 2025 Quarterly Economic Survey Report | |
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UK Treasury to regulate cryptocurrency under new legislation | |
The UK will bring cryptocurrencies, including Bitcoin, into a regulatory framework with legislation due by 2027. The government says that firm and proportionate rules will give legal clarity over the sector’s regulatory position.
It says they will also boost consumer confidence by ensuring consumers are robustly protected. The changes mean that firms will need to be regulated by the Financial Conduct Authority in the same way as other providers of financial products – including being subject to established transparency standards.
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Latest guidance for employers | |
HMRC has published the latest issue of the Employer Bulletin. The December issue has information on various topics, including: - Changes take effect 6 April 2026 — prepare for new PAYE responsibilities in labour supply chains
- Clarifying the Optional Remuneration Arrangement rules at section 228A ITEPA
- Important update regarding tax refunds
- Payrolling of benefits in kind
- Employment Rights Bill autumn consultations
- Tell ABAB survey report — now live
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James Cowper Kreston is a leading firm of accountants and business advisers with offices across the South of England. We deliver focused, innovative advice to a diverse range of businesses and individuals helping our clients to maximise their potential.
If you have any questions about the topics covered in this newsletter or want to explore how we can help you please contact us here:
Email: info@jamescowperkreston.co.uk
Call: 01635 35255
James Cowper Kreston
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The information in this newsletter must not be relied on as giving sufficient advice in any specific case.
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