Business: Inheritance Tax
Commons · Question 100088 · Tabled 15 Dec 2025 · Treasury · Official record
Answered 22 Dec 2025
Question
Asked by John Whitby
To ask the Chancellor of the Exchequer, what process will be used to value family businesses after the changes to Business Property Relief are introduced.
Answer
Answered by Dan Tomlinson, 22 Dec 2025
The inheritance tax value of a person’s estate is the open market value of all their assets and liabilities. The forthcoming changes to business property relief will not change the existing rules on valuing a business. Valuation assumes a sale between a h...