The BMF has welcomed the government’s plan to raise the Business Property Relief threshold for Inheritance Tax from £1.0m to £2.5m when it is introduced as part of the Finance Bill in April 2026.

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The Builders Merchants Federation has offered a mixed response to the Budget announcement, critiquing “we needed to see a jumpstart to get the sector moving.”

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In the lead-up to the Autumn Budget, the Builders Merchants Federation has written to the Chancellor of the Exchequer Rachel Reeves asking her and fellow ministers to consider five policy topics with ideas for economic growth, which would help BMF members.

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The Builders Merchants Federation raised its concerns about the impact of impending changes to Inheritance Tax and National Insurance contributions at its annual Parliamentary Reception on 5 February.

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Cheltenham MP Max Wilkinson recently visited Bence Builders Merchants, a well-known and long-established business in the town, as part of the BMF’s industry and parliament programme.

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Gordon Banks, a former Labour Shadow Minister, has joined fellow BMF members to voice concerns about the impact of proposed changes to business taxation.

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The post NMBS warns “it’s not just protesting farmers” who should be concerned about inheritance tax changes appeared first on Professional Builders Merchant.