Finance Bill 2026 published

After much waiting and anticipation, the draft Finance Bill 2026 has been published and the full details can be found here.

Of particular note are the sections relating to the new £1m limit for APR and BPR, which remains broadly unchanged from the proposals announced in the consultation document published earlier this year.

We also now, eventually, have some draft legislation on the changes to IHT on pensions due to be implemented from April 2027. The draft rules now clarify that it will be personal representatives, rather than pension administrators, who will need to calculate and pay over IHT relating to pension funds included in death Estates.

Stay tuned for more analysis.