Agriculture: Inheritance Tax
Commons · Question 14314 · 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, what the combined value of assets qualifying for relief was in the estates that claimed both agricultural property relief an
Answer
Answered by James Murray, 19 Nov 2024
In 2021-22, the total combined value of agricultural and business property relief (APR, BPR) from those estates that claimed both reliefs was £1.6 billion. When estates include a claim for both APR and BPR, the estate may not consist entirely of a farming...