Asked by: Baroness Rock (Conservative - Life peer)
Question to the HM Treasury:
To ask His Majesty's Government, following the Autumn Budget statement, what assessment they have made of the concerns raised by the Tenant Farmers Association on 30 October regarding the impact of changes to inheritance tax on tenant farm families; and whether they plan to meet the Tenant Farmers Association to discuss this further.
Answered by Lord Livermore - Financial Secretary (HM Treasury)
The Government published information about the reforms to agricultural property relief and business property relief on gov.uk. Around 500 estates across the UK are expected to be affected each year from 2026-27.
In accordance with standard practice, a Tax Information and Impact Note will be published alongside the draft legislation before the relevant Finance Bill.