B

Baroness McIntosh of Pickering (Con)

Speaking in the House of Lords on 27 January 2025

Debate

Agricultural and Business Property Reliefs: OBR Costing

Contribution

My Lords, can the Minister say how much the Government expect to raise from the abolition of APR and its consequential impact on inheritance tax relief? The Office for Budget Responsibility, in its Supplementary Forecast Information Release of 22 January, stated very clearly, in paragraph 1.11 on page four: “The central estimate for the costing is an increase in revenue of £0.5 billion by 2029-30”. Is that really all that the Government expect to raise from this very cruel measure?

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