Simon Blake
Partner
BPR & Probate valuations
How is Business Property Relief (BPR) changing?
We are valuation specialists, dedicated to understanding the specific needs of your business. Our valuation approach assesses all the unique factors that may influence the overall valuation of your business. We always ensure a precise and informed valuation.
Understanding how much your business is worth is more crucial now than ever considering the proposed Business Property Relief (BPR) changes which are set to come into play in April 2026. These changes will impact estates and increase IHT liabilities for many business owners- as a £1 million cap on the existing 100% relief is being introduced.
This represents a significant tax policy change to what is a vitally important relief for businesses, and risks threatening the future of many established family businesses. If the proposals become statute, business owners will need to take timely advice and carry out a fundamental review of their succession plan.
How can Price Bailey help in preparation for this change?
With the changes to BPR set to come into play next year, it is important to understand exactly how much your business is worth as soon as possible in order to put a succinct plan in place to minimise your IHT liabilities. This will ensure that those left to the business avoid overpayment, and that all options of succession or wider estate planning have been considered to ensure that the best action is taken once you pass.
Find out more on the importance of BPR valuations in our recent blog article here.
BPR valuations can be complex
Valuing a business for the purposes of BPR can be complex, and with the expected increase in IHT charge it is more important than ever to ensure accurate calculation of your businesses assets.
Our team at Price Bailey are valuation experts; positioned to determine what assets are excluded from the relief, and have the answers to the important questions below:
What assets are excluded from the relief?
Qualifying conditions:
- Does BPR apply to your business?
- Does it apply to the full value of the business?
Excepted assets:
- Are all the assets within the business liable to be included within the BPR valuation?
100% relief:
- Does my business qualify for 100% relief or is it only eligible for 50% relief?
The advice doesn’t stop there…
Strategic advice to complement your business valuation
Once you have your business valuation, it is crucial to then take the correct action in order to minimise tax liabilities. Our experts can:
- Assist with reviewing your business structure
- Wills and ownership
- Lifetime gifting or trusts.
Ultimately, each individual situation must be carefully considered by our experts to provide you with the right advice for your business. The Price Bailey team can offer a significant depth of cross-sector knowledge. With the skills and expertise at our disposal, we’re ideally placed to support clients with a broad range of advisory requirements.
Your valuation is likely to be part of a larger project which is why our advice extends across corporate finance, tax, recovery and business strategy, to support you towards your broader business objectives, whatever the circumstance.
We can help
Contact us today to find out more about how we can help you
