Agriculture: Inheritance Tax
Lords · Question HL7764 · Tabled 21 May 2025 · Treasury · Official record
Answered 5 Jun 2025
Question
Asked by Lord McCrea of Magherafelt and Cookstown
To ask His Majesty's Government what assessment they have made of the implications of their policy of inheritance taxation for agricultural land on (1) family farms in Northern Ireland, and (2) the United Kingdom's food security.
Answer
Answered by Lord Livermore, 5 Jun 2025
The 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 advantages available to owners...