Graeme Downie

Graeme Downie

Labour — Dunfermline and Dollar

Speaking in the House of Commons on 3 June 2025

Debate

Inheritance Tax: Family-owned Businesses

Contribution

I congratulate the hon. Lady on securing this debate on a very important issue. Like herself, I have spoken to GAP, as well as other family businesses in my constituency. Does she agree that although the Government are absolutely right to ensure that we have enough funding to pay for public services through tax changes, one option might be to allow businesses to pay inheritance tax in the way proposed if that business is passed on to another family member, so that the tax liability is still met, but in a way that does not impact on future generations and allows the businesses to succeed and thrive?

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