BPR is now based on Estate Value (Ownership Share) ; not the Total Value
Before:
The Inheritance tax Rate is 40%, however the BPR/APR IHT Relief is showing as 3,000,000. This is a result of the calculation being based off of the total value of the estate.
After:
The Inheritance tax Rate is 40%, the BPR/APR IHT Relief is correctly showing as 1,500,000. This is a result of the calculation being based off of the value of the ownership share of the estate.