Agricultural Property Relief and Business Property Relief Debate
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Richard Tice
Main Page: Richard Tice (Reform UK - Boston and Skegness)Department Debates - View all Richard Tice's debates with the HM Treasury
Agricultural Property Relief and Business Property Relief
Richard Tice Excerpts(3 days, 22 hours ago)
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Dan Tomlinson
My hon. Friend gives me the chance to quote Michael Gove, who admitted that the previous Government had let down British farmers. He said:
“I can confirm I think we negotiated poorly with Australia, and New Zealand, but particularly with Australia in defence of our farmers”.
He admits that the last Government made mistakes, failing farmers on trade; I wonder whether the Opposition will do so too.
Richard Tice (Boston and Skegness) (Reform)
This partial U-turn on the dreadful family farm tax is partially welcomed by farmers in Boston and Skegness, but where is the Chancellor to come and admit the error of her ways? Jobs have been lost, investment has been slashed and, tragically, lives have been lost by this grief tax. Will the Minister, at the third time of asking, apologise to the farming community?
Dan Tomlinson
As the Minister with responsibility for tax, I am here answering questions about tax, and I am happy to continue to do so. The change that the Government came forward with last month—we will be legislating for it in the Finance Bill—will increase the threshold from £1 million to £2.5 million. We are doing that because we have listened to farmers and their representatives and to family businesses, too. We think that is the right thing to do, and we think it strikes the right balance.