Agriculture: Inheritance Tax
Commons · Question 13620 · Tabled 11 Nov 2024 · Treasury · Official record
Answered 19 Nov 2024
Question
Asked by Gareth Davies
To ask the Chancellor of the Exchequer, with reference to page 41 of her Department's document entitled Autumn Budget 2024, Policy Costings, published on 30 October 2024, what the evidential basis is for the Exchequer impact of changes to agricultural pro
Answer
Answered by James Murray, 19 Nov 2024
The costing methodology for reforming agricultural property relief and business property relief from 6 April 2026 by maintaining 100% relief for the first £1m of combined assets and 50% relief thereafter, and 50% relief for “not listed” shares on the mark...