Uk Budget 2024 Inheritance Tax. From 6 april 2025, the test for. The government has announced that the inheritance tax (iht) nil rate band will be fixed for a further two years, business property relief (bpr) and agricultural property relief.

Explore key 2024 uk budget updates to inheritance tax, including frozen thresholds, pension changes and relief limits for estates and businesses. Inheritance tax is a levy applied to the estate of someone who has died, but only around 4 per cent of families end up paying it, as most estates fall below the tax threshold.