Business: Inheritance Tax
Commons · Question 65137 · Tabled 4 Jul 2025 · Treasury · Official record
Answered 14 Jul 2025
Question
Asked by Matt Vickers
To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of changes to Business Property Relief on family-owned businesses in (a) the North East and (b) the UK.
Answer
Answered by James Murray, 14 Jul 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...