Agricultural Property Relief and Business Property Relief Debate
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Lord Fox
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Agricultural Property Relief and Business Property Relief
Lord Fox Excerpts(2 days, 13 hours ago)
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Lord Fox (LD)
My Lords, further to the question from the Cross Benches, does the Minister accept that some family farms, frightened as they were by the original plan, have taken irrevocable actions in terms of assets and how they run their businesses? Does the Treasury accept any responsibility for scaring those people into business threatening decisions—unnecessarily, as it turns out?
Lord Livermore (Lab)
As I said in answer to previous questions, it was right that we consulted with the farming community and family businesses about these reforms, that we listened to the feedback that we received, and that we acted to protect more family farms and family-owned businesses while maintaining the core principle that more valuable agriculture and business assets should make a greater contribution.