Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate her Department has made of the number of farms that will be affected by changes to agricultural property relief and business property relief.

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, and further explanatory information at https://www.gov.uk/government/news/what-are-the-changes-to-agricultural-property-relief. Around 500 estates across the UK are expected to be affected each year from 2026-27.

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