Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the impact of changes to agricultural property relief announced in the Budget on family-owned and run farms in Northern Ireland.

The Government published information about the reforms to agricultural property relief and business property relief on gov.uk.

Almost three-quarters of estates claiming agricultural property relief (or those claiming agricultural property relief and business property relief together) each year are expected to be unaffected by these reforms. It is expected that up to around 2,000 estates will be affected by the changes to APR and BPR. Up to around 520 of these are expected to relate to claims for APR (including those that also claim for BPR), and this number falls to around 430 when claims that include AIM shares are excluded.

The Government takes into account all representations made ahead of the Budget, and meets with stakeholders on a regular basis.