James Murray

James Murray

Labour (Co-op) — Ealing North

Speaking in the House of Commons on 4 March 2025

Debate

Topical Questions

Contribution

As we have debated several times in this Chamber and Westminster Hall, the changes to agricultural property relief and business property relief retain a generous relief for people accessing those benefits within the taxation system. That means that people will get £1 million before inheritance tax is due, in addition to the existing nil rate band for spousal transfers. Over that, it is up to an effective rate of 20%, and any money due can be paid over 10 years, interest free.

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