Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what sectoral impact assessments her Department has conducted on changes to Business Property Relief since the Autumn Budget 2024; and whether she has made an estimate of the number of businesses at risk of closure following the introduction of those changes.

I refer the Honourable Member to the answers provided in response to her previous questions on this topic: https://questions-statements.parliament.uk/written-questions/detail/2024-11-25/15987/ and https://questions-statements.parliament.uk/written-questions/detail/2024-11-25/15989/.

The Chancellor also recently wrote to the Chair of the Treasury Select Committee about the reforms to Agricultural and Business Property Relief, which may be of interest: https://committees.parliament.uk/publications/45691/documents/226235/default/.

In accordance with standard practice, a tax information and impact note will be published alongside the draft legislation before the relevant Finance Bill.