Agriculture: Inheritance Tax

Summary

To ask His Majesty's Government what assessment they have made of the impact of the Budget's changes to agricultural property relief from inheritance tax on the ability of young people to own an economically viable farm in the future.

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Timeline

1. 11 November 2024

   Written question

   To ask His Majesty's Government what assessment they have made of the impact of the Budget's changes to agricultural property relief from inheritance tax on the ability of young people to own an economically viable farm in the future.

   Source: Lords

2. 25 November 2024

   Answer

   The Government published information about the reforms to agricultural property relief and business property relief at GOV.UK. It is expected that up to around 2,000 estates will be affected by the changes to APR and BPR. Up to around 520 of these are exp...

   Source: Written answer

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• · Treasury · Answering body

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