Agriculture: Inheritance Tax
Commons · Question 13621 · 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 paragraph 2.51 of the Autumn Budget 2024, published on 30 October, whether (a) non-residential agricultural buildings, (b) farm vehicles, (c) farm tools, (d) livestock and (e) chemicals and fertili
Answer
Answered by James Murray, 19 Nov 2024
I can confirm that (a) non-residential agricultural buildings, (b) farm vehicles, (c) farm tools, (d) livestock and (e) chemicals and fertiliser stock are all included in the valuation of the agricultural and business assets of an estate.