Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make it her policy to publish an impact assessment which has been assessed by the Regulatory Policy Committee on the potential impact of the changes to agricultural and business property relief announced in the Autumn Budget 2024.

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

It has not been successive governments’ policy since 2010 for tax policy changes to be assessed by the Regulatory Policy Committee. In accordance with standard practice, a tax information and impact note will be published alongside the draft legislation before the relevant Finance Bill.