Found: Yours sincerely Dame Meg Hillier MP Chair of the Treasury Committee CC: Simon Hoare MP,

Found: James Bowler Permanent Secretary HM Treasury 1 Horse Guards Road London SW1A 2HQ Dame Meg Hillier

Found: Dame Meg Hillier MP Chair Treasury Select Committee House of Commons London SW1A 0AA

Found: Financial Ombudsman Service Limited Exchange Tower London E14 9SR Dame Meg Hillier

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Found: Dame Meg Hillier MP Chair, Treasury Select Committee House of Commons London, SW1A 0AA 24 March

Found: Dame Meg Hillier MP Chair, Treasury Select Committee House of Commons SW1A 0AA 21 March

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Question to the Department for Environment, Food and Rural Affairs:

To ask the Secretary of State for Environment, Food and Rural Affairs, pursuant to the Answer of 2 December 2024 to Question 15988 on Agriculture: Inheritance Tax, on what evidential basis his Department (a) determined that 73% of claims will be for less than £1 million and (b) used to identify the proportion of the remaining 27% of affected estates that are active family-run farms; and what information his Department holds on the proportion of agricultural land sales purchased by (i) large corporations and (ii) investment firms in (A) Scotland and (B) the UK in each of the last five years.

Answered by Daniel Zeichner - Minister of State (Department for Environment, Food and Rural Affairs)

As referenced in the answer to PQ 15988, 73 per cent (1,264 of 1,730) of claims by estates for agricultural property relief in 2021-22 were for properties valued below £1 million. This is calculated using a table published by HM Treasury using HMRC data in Summary of reforms to agricultural property relief and business property relief, statistical annex (30 October 2024).

According to further analysis of HMRC claims data published by HM Treasury, in 2026/27 the reforms are expected to result in up to 520 of the estates claiming agricultural property relief, including those also claiming business property relief, paying more inheritance tax. This means almost three-quarters (1,260 of 1,780) of estates claiming agricultural property relief, including those that also claim for business property relief, will not pay any more tax as a result of the changes in 2026-27, based on the latest available data. See the Chancellor of the Exchequer’s letter to the Chair of the Treasury Select Committee, Dame Meg Hillier MP: committees.parliament.uk/publications/45691/documents/226235/default/.

Defra has not made an assessment of the proportion of farming businesses that are “family-run farms”. Defra does not hold information on the purchasers of agricultural land. The Government’s assessment relates to claims for agricultural property relief and business property relief. The qualifying conditions for these reliefs are set out in Part 5 of the Inheritance Tax Act 1984.

Found: New Amendment: 3 _NC1 Dame Meg Hillier Naz Shah Antonia Bance Jess Asato Kirsteen Sullivan .

Found: _NC1 Dame Meg Hillier Naz Shah Antonia Bance Jess Asato Kirsteen Sullivan .

Found: New Amendments: 1 and 2, NC1 and NC2 _NC1 Dame Meg Hillier Naz Shah Antonia Bance Jess Asato ★.

Found: Negatived on division_113 Juliet Campbell Dame Meg Hillier Rachael Maskell .

Found: _NC9 Dame Harriett Baldwin Rebecca Paul Rebecca Smith Saqib Bhatti Dame Meg Hillier David Mundell