Agriculture: Inheritance Tax

(asked on 1st November 2024) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate her Department has made of the number of farmers who will be affected by the withdrawal of agricultural property relief in (a) Lincolnshire and (b) South Holland and the Deepings constituency.


Answered by
James Murray Portrait
James Murray
Exchequer Secretary (HM Treasury)
This question was answered on 11th November 2024

The Government has published information about the reforms to agricultural property relief and business property relief at https://www.gov.uk/government/news/what-are-the-changes-to-agricultural-property-relief.

Around 500 estates across the UK are expected to be affected each year from 2026-27.

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