Agriculture: Inheritance Tax

(asked on 20th November 2024) - View Source

Question to the HM Treasury:

To ask His Majesty's Government what discussions they have had with the National Farmers Union prior to or since the changes to inheritance tax announced in the Autumn Budget in relation to family farms.


Answered by
Lord Livermore Portrait
Lord Livermore
Financial Secretary (HM Treasury)
This question was answered on 4th December 2024

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

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.

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.

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