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The Lord Bishop of St Albans

Speaking in the House of Lords on 1 May 2025

Debate

Inheritance Tax: Impact on Rural Businesses

Contribution

My Lords, there is no doubt that there is some sort of mismatch between the assurances being given and the experiences of some of our smaller farmers, who are deeply concerned at what is going on. What consideration have His Majesty’s Government given to having some sort of clawback clause? If assets were disposed of within, say, seven years after a death, that would deal with the problem of the tax loophole whereby some people are using land simply to get out of paying tax.

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