Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has considered the potential merits of making farmers with land in a Self-Invested Personal Pension eligible for Agricultural Property Relief.

Assets do not qualify for agricultural property relief or business property relief when held within a pension. This is because the pension member is not treated for inheritance tax purposes as beneficially entitled to the underlying assets held by the pension scheme. This is consistent with the existing policy on the treatment of assets held by a pension scheme and there are no plans to make any changes.