B

Baroness Butler-Sloss (CB)

Speaking in the House of Lords on 1 May 2025

Debate

Inheritance Tax: Impact on Rural Businesses

Contribution

My Lords, I own a farmhouse in Devon, which, like Northern Ireland, has very small farms. My house is worth over £1 million as a farmhouse, and all the farmhouses around me, with small farms of 100 or 150 acres, are worth at least £1 million. Does the Minister appreciate that? You are at the £1 million situation even before you look at the cost of the land.

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