Business: Inheritance Tax

Commons · Question 112760 · Tabled 11 Feb 2026 · Treasury · Official record

Answered 26 Feb 2026

Question

To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of the capacity of family-owned trading businesses to fund inheritance tax liabilities within six months of death, particularly where probate has not been granted.

Answer

Answered by Dan Tomlinson, 26 Feb 2026

The reforms to business property relief from 6 April 2026 get the balance right between supporting businesses, fixing the public finances, and funding public services. The reforms reduce the inheritance tax advantages available to owners of business asset...