At Kings Court Trust, we understand how complex estate planning and administration can be, and recent developments in Inheritance Tax (IHT) legislation make planning more important than ever. Following the 2024 Autumn Statement, draft legislation has been published that will significantly change how pensions, Business Property Relief (BPR), and Agricultural Property Relief (APR) are treated.
Our latest blog helps individuals, families, and professionals understand these changes and prepare accordingly. Key points include:
- BPR & APR Updates: From April 2026, a £1 million allowance will apply to the combined value of property eligible for 100% relief, with amounts above this attracting 50% relief. AIM-listed shares and certain foreign shares will also see a reduction in relief.
- Pension Reforms: From April 2027, Personal Representatives will be responsible for valuing pensions and paying IHT, with new reporting requirements and deadlines shifting liability from pension providers to estates.
- Professional Implications: Will Writers and Financial Advisers will need to review estate plans, pension arrangements, and succession strategies to ensure they remain compliant and tax efficient.
These reforms represent the most significant changes to pensions and reliefs in over a decade. Families, landowners, and entrepreneurs will need to carefully review their estates and seek professional advice to navigate the upcoming changes. At Kings Court Trust, we understand that this will be a complex process. That’s why we’re here to support you every step of the way. From clarifying legislative updates to advising on estate administration and probate processes. Our team can help you ensure estates remain tax-efficient and compliant under the new rules.
Click here to read the full blog
About Kings Court Trust
Kings Court Trust is an award-winning (Probate Provider of the Year – South 2024) estate administration provider, that takes care of the practicalities after death. Their full suite of estate administration solutions is designed to support all families. By providing free, practical advice on the next steps following a bereavement, they can support your clients and add value to your business.
- Regulated by the Institute of Chartered Accountants in England & Wales (ICAEW)
- Trusted provider of estate administration for large UK-listed companies
- Offer a generous referral fee for referrals that result in business
- Provide access to a unique portal for support and updates on cases
- Fixed and transparent pricing
- Free, secure document storage for important client documents
- In-house legal and tax experts to advise on any situation
The Kings Court Trust partnership model is also geared towards the introduction of potential new clients. Provided that consent is given by the beneficiaries of an estate, they’ll introduce them back to your business to help you grow your client base.
If you have any questions about probate, estate administration, or how you can work in partnership with Kings Court Trust, call them on 0333 207 5470 or email partners@kctrust.co.uk.
This article was submitted to be published by Kings Court Trust as part of their advertising agreement with Today’s Wills and Probate. The views expressed in this article are those of the submitter and not those of Today’s Wills and Probate.
