Renewable Energy: Inheritance Tax

(asked on 2nd December 2024) - View Source

Question to the HM Treasury:

To ask His Majesty's Government whether renewable energy infrastructure will be taxed as a business asset for inheritance tax purposes.


Answered by
Lord Livermore Portrait
Lord Livermore
Financial Secretary (HM Treasury)
This question was answered on 12th December 2024

Any renewable energy infrastructure and equipment owned by a person liable to inheritance tax will be an asset of their estate for inheritance tax purposes. These assets can qualify for business property relief if (1) the assets are part of a business qualifying for business property relief and (2) if they are used in a qualifying business.

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