Inheritance Tax Relief: Farms Debate

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Department: HM Treasury

Inheritance Tax Relief: Farms

Sean Woodcock Excerpts
Monday 10th February 2025

(1 day, 18 hours ago)

Westminster Hall
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Sean Woodcock Portrait Sean Woodcock (Banbury) (Lab)
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I will keep my comments brief. Every week when I am out in the constituency, I take the time to visit a farm, and this issue always comes up. It is concerning for many in my constituency. They are clear that it is not as though everything was ticking along nicely and then suddenly this hit; they were sold down the river by the Conservative party, with the trade deals with Australia and New Zealand. But this has caused a great deal of consternation.

A chap I visited last month said, “I don’t want to tell a tale of woe. I am doing okay. There are good farmers and there are bad farmers, and that affects profitability, but I am concerned that this policy is going to rob me of my inheritance, which several generations of my family have worked incredibly hard to build up.” This level of concern, justified or not, merits the Government’s listening. I hope that they will do so.