Mr Alistair Carmichael

Mr Alistair Carmichael

Liberal Democrat — Orkney and Shetland

Speaking in the House of Commons on 28 January 2025

Debate

Agricultural Property Relief

Contribution

I congratulate the hon. Lady on bringing this matter before the House again. On the subject of the 500 estates, can we all agree that that only relates to the number of estates that claim under APR? It does not take account of the effect of APR and BPR together. In fact, BPR valuations are taken at book value, not at market value, so the number of estates that are liable must inevitably be massively greater than 500.

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