Agricultural Property Relief and Business Property Relief Debate

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Department: HM Treasury
Tuesday 6th January 2026

(2 days, 13 hours ago)

Lords Chamber
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Lord Livermore Portrait Lord Livermore (Lab)
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I do not have that data to hand, but I am more than happy to write to the noble Lord.

Lord Watts Portrait Lord Watts (Lab)
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My Lords, if there is now a shortfall in resources for the Government, can the Minister look at trust funds? These are the major weapon used by very rich people to avoid tax on inheritance.

Lord Livermore Portrait Lord Livermore (Lab)
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It is right that everybody pays their fair share towards the public services and that the tax system is based on fairness. I am confident that we have announced measures in the previous two Budgets to make sure that the tax system is fairer.