The Institute of Chartered Accountants in England and Wales (ICAEW) has expressed concerns regarding the updated reforms to business property relief (BPR) and agricultural property relief (APR), describing the changes as "very disappointing". Under the revised plans, an estate that qualifies for 100% BPR or APR will be entitled to a new £1m ($1.34m) allowance. Any qualifying property value exceeding £1m will be subject to a 50% relief rate. This adjustment means that a couple could potentially transfer ...