Torsten Bell

Torsten Bell

Labour — Swansea West

Speaking in the House of Commons on 28 January 2025

Debate

Agricultural Property Relief

Contribution

I will not comment on the individual example the right hon. Gentleman gave, but in general he is right to say that there can be large variations in the profits of farms between years and between farms. That is partly why the tax system already allows us—uniquely for farmers—to average profits over periods of time. Obviously, our advice to all farmers who think they will be affected by the change is that they should seek advice in turn. I turn to the impact that these reforms will have, as that has been the central focus of most comments today.

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