Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has conducted an impact assessment on the potential impact of changes to agricultural property relief on tenant farmers.

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.

It is expected that up to around 520 estates will claim APR (including those that also claim for BPR) and will be impacted by these changes in 2026-27. Almost three-quarters of estates claiming agricultural property relief (or those claiming agricultural property relief and business property relief together) each year 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.