Watch this short video for the facts about Agricultural Property Relief

For those who own farmland and buildings, Agricultural Property Relief, or APR, can play an important role in protecting the value from Inheritance Tax.

Under the current rules, if a person owns and farms their own land they could potentially qualify for APR after two years, taking the agricultural value of the land outside their estate.

If they rent it out for agricultural purposes, APR could potentially be available after seven years.

There are a number of conditions which must be satisfied before APR can be applied.

Watch our short animated guide to Agricultural Property Relief for the rules and how they may apply to you.