Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether she has had discussions with the Office for Budget Responsibility on the inheritance tax changes to agricultural land and property made at the Autumn Budget 2024.

The independent Office for Budget Responsibility (OBR) published information on the reforms to agricultural property relief and business property relief in the Economic and Fiscal Outlook on 30 October 2024. This is available at https://obr.uk/economic-and-fiscal-outlooks/.

The OBR recently published more detail on the costings at https://obr.uk/download/october-2024-economic-and-fiscal-outlook-costing-of-changes-to-agricultural-and-business-property-relief/?tmstv=1739194105.