Rachel Gilmour

Rachel Gilmour

Liberal Democrat — Tiverton and Minehead

Speaking in the House of Commons on 11 March 2026

Debate

Finance (No. 2) Bill

Contribution

We welcome the Government’s changes on APR—a new £2.5 million threshold was announced just before Christmas—but does my hon. Friend share my concern that genuinely active, long-held family farms and long-standing tenant farming arrangements will still be penalised by the Government? Does he therefore agree that Members should back the Liberal Democrat amendment, which would maintain relief at 100% where the property has been owned by the transferor for at least 10 years as part of a business that is actively operated by the transferor or a family member?

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