Question to the HM Treasury:

To ask His Majesty's Government what consideration they have given to tapering or staggering the reduction of agricultural property relief for inheritance tax to give farmers time to put their tax affairs in order.

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.

It is expected that up to up to 520 estates claiming agricultural property relief will be affected by these 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.

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