Small Businesses: Inheritance Tax
Commons · Question 32612 · Tabled 21 Feb 2025 · Treasury · Official record
Answered 28 Feb 2025
Question
Asked by Martin Wrigley
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential impact of proposed changes business property relief on family-run businesses in (a) Devon, (b) the South West and (c) the UK.
Answer
Answered by James Murray, 28 Feb 2025
The Government believes its reforms to agricultural property relief and business property relief from 6 April 2026 get the balance right between supporting farms and businesses and fixing the public finances. The reforms reduce the inheritance tax advanta...