Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an estimate of the number of farms in Waveney Valley constituency that will no longer be impacted by Agricultural Property Relief due to the changes to IHT announced in December 2025.

The Government announced on 23 December 2025 that the allowance for 100% rate of relief will be increased from £1 million to £2.5 million when it is introduced on 6 April 2026. This means a couple will now be able to pass on up to £5 million of agricultural or business assets tax-free between them, on top of the existing allowances such as the nil-rate band.

Information from claims is not recorded to enable regional breakdowns of the number of estates expected to be affected. Compared to Budget 2025, the expected number of estates across the UK claiming agricultural property relief, including those also claiming business property relief, affected by the reforms in 2026-27 halves from 375 to 185. Around 85% of estates claiming agricultural property relief in 2026-27, including those that also claim for business property relief, are forecast to pay no more inheritance tax on their estates under these changes.