Question to the HM Treasury:

To ask His Majesty's Government how many farms, if transferred in (1) England, (2) Wales, (3) Scotland, and (4) Northern Ireland, are eligible for the payment of inheritance tax following the Budget of 30 October.

The Government published information about the reforms to agricultural property relief and business property relief [1].

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. 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.

Estates claiming agricultural property relief are required to provide HMRC with the value of agricultural assets, and this is used when calculating whether tax is due. However, it is not possible to provide constituency level analysis on claims which may be made in the future.

[1] www.gov.uk/government/publications/agricultural-property-relief-and-business-property-relief-reforms