Effective estate planning is more important than ever. The inheritance tax thresholds (£325,000 nil-rate band and £175,000 residence nil-rate band) are frozen until 2030, potentially pushing more estates into the 40% tax bracket. From April 2026, agricultural and business property relief will provide 100% relief on the first £1 million, with 50% relief above this. Acting now can help protect assets and reduce tax exposure. Capital gains tax rates have increased to 18% (basic-rate taxpayers) and 24% (higher-rate taxpayers), with reduced exemptions requiring careful planning. From 2027, unspent pension funds will count towards estates for inheritance tax. Stamp duty relief ends in March 2025, raising costs for buyers. Employer national insurance contributions will rise from 2025, affecting business costs.
