Inheritance Tax Budget 2024 Agricultural Land. What were the main reforms to inheritance tax (iht) announced in the budget on 30 october 2024? The labour government’s 2024 autumn budget announced significant changes to the inheritance tax system including around farm businesses.

In october 2024, it was revealed that the government may have plans to increase the amount of money it raises through tax in the forthcoming budget: 100% iht relief will be available on the combined value of.