Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what case studies she has used to calculate the financial impact of proposed changes to Agricultural Property Relief.

The tax base consists of all estates subject to Inheritance Tax that are projected to claim Agricultural Property Relief or Business Property Relief across the scorecard period. The tax base is estimated using HMRC administrative data, and is grown over the forecast in line with the Office for Budget Responsibility’s forecast for IHT receipts.

More information is available here: https://assets.publishing.service.gov.uk/media/6721d2c54da1c0d41942a8d2/Policy_Costing_Document_-_Autumn_Budget_2024.pdf