Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what evidence his Department has collected on the potential impact of the 2026 reforms to Agricultural Property Relief and Business Property Relief on investment and employment decisions by family-owned farming and rural businesses; and if he will publish that evidence.

The reforms to agricultural property relief and business property relief were introduced on 6 April 2026. The Government continues to provide significant relief from inheritance tax for agricultural and business assets. A couple are able to pass on up to £5 million of such assets tax-free between them, on top of the existing allowances such as the nil-rate band.

The published tax information and impact note is available at www.gov.uk/government/publications/changes-to-agricultural-property-relief-and-business-property-relief/agricultural-property-relief-and-business-property-relief-changes.