Agriculture: Inheritance Tax
Commons · Question 14313 · Tabled 14 Nov 2024 · Treasury · Official record
Answered 19 Nov 2024
Question
Asked by Victoria Atkins
To ask the Chancellor of the Exchequer, pursuant to the Answer of 11 November 2024 to Question 12741 on Business: Inheritance Tax, how many and what proportion of the estates that claimed both agricultural property relief and business property relief (a)
Answer
Answered by James Murray, 19 Nov 2024
When estates include a claim for both APR and BPR, the estate may not consist entirely of a farming business and its working capital. HMRC estimates that of the population of estates that claimed both APR and BPR in 2021-22, almost a quarter included a BP...