Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to paragraph 5.54 of Autumn Budget 2024, HC 295, published on 30 October 2024, whether her Department has carried out an impact assessment on the proposed changes to agricultural property relief.

The Government has published information about the reforms to agricultural property relief at https://www.gov.uk/government/news/what-are-the-changes-to-agricultural-property-relief#:~:text=From%206%20April%202026%2C%20the,rather%20than%20the%20standard%2040%25. Almost three-quarters of estates claiming agricultural property relief in 2026-27 are expected to be unaffected by these reforms.

In accordance with standard practice, a tax information and impact note will be published alongside the draft legislation before the relevant Finance Bill.