We surveyed respondents about BPR and APR separately, but results show that many are affected by both APR and BPR. The impact of changes to APR closely mirrors that of BPR:
• Cautious investment behaviour: Among those affected by APR, 49% have already paused or cancelled investments; 43% expect to continue this approach through April 2026.
• Workforce measures: 17% have reduced headcount or paused recruitment, with 20% planning to maintain these actions.
• Succession planning: 39% of businesses plan to gift shares or assets to family members before April 2026, aiming to secure succession under current relief rules, but may be unaware of anti-forestalling measures to offset this.
• Legal and financial response: 68% have sought legal advice, reflecting the ongoing financial and planning uncertainty.
Figure 2: What measures have you already taken/might you take to mitigate any potential impacts of changes to APR (% of respondents, N = 3,140)
I HAVE
I WILL
68%
65%
Take(n) legal advice Pause(ed) or cancel(led) planned investments Defer(red)/reduce(d) investment Reduce(d) headcount or pause(d) recruitment Gift(ed) shares or assets to family members Reduce(d) or cancel(led) charitable contributions Downsize(d) farming operations Diversify(ied) into non-agricultural activities Take (took) out insurance to cover future IHT costs Draw(n) out funds or dividends from the farming business Sell (sold) agricultural land/share to non-family investors Sell (sold) part of the farm or assets you own Lease(d) out land or other assets Sell (sold) off part of the farm or assets you let out Sell (sold) off the farm entirely Close(d) off the entire farm and liquidate(d) assets
43%
49%
33%
34%
20%
17%
14%
39%
12%
13%
11%
21%
6%
11%
5% 5%
20%
11%
2% 2% 2%
14%
12%
5% 5%
0% 0% 1%
7% 6%
6%
4%
(Do) nothing/no change Not sure/don’t know Other (please specify)
4%
9%
6%
2%
Source: CBI Economics Survey (2025)
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