The claim
“Asserts 100% relief on the first £2.5m of combined agricultural and business property, with 50% relief above that amount per individual.”
Our verdict
False
The UK government's Autumn Budget 2024 established a £1 million per-person cap for 100% Agricultural and Business Property Relief, with 50% relief applying to amounts above that threshold.
What we found
The claim incorrectly states the cap as £2.5 million, contradicting official Treasury and HMRC guidance.
The evidence
- Background
HMRC and Treasury documentation confirm the 100% relief cap is strictly set at £1 million per individual, with 50% relief on excess amounts.
gov.uk· Autumn Budget 2024 Policy
How we checked
We reviewed 1 relevant source.
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