Agriculture: Inheritance Tax
Commons · Question 33030 · Tabled 24 Feb 2025 · Treasury · Official record
Answered 4 Mar 2025
Question
Asked by Wendy Morton
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of proposed changes to Business Property Relief on businesses in the broader farming sector including agricultural (a) suppliers and (b) machinery.
Answer
Answered by James Murray, 4 Mar 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 advant...