Business Property Relief and Family Firms in the UK

This report by Martin Kemp of the Family Business Research Foundation analyses how Business Property Relief (BPR) is used across UK estates and examines the background and reaction to the October 2024 reforms to BPR. The report explores the competing policy narratives underpinning the current debate about BPR. It is designed for policymakers, advisers, business-owning families and researchers who need an independent, evidence-based overview of the reforms and their likely impacts.