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Lord Whitty (Lab)

Speaking in the House of Lords on 27 January 2025

Debate

Agricultural and Business Property Reliefs: OBR Costing

Contribution

My Lords, while I am not entirely happy about this policy, I recognise that it has been done and that it will stand. However, I suggest to the Treasury and Defra that, if they are looking for taxation from landowners, they should look at the companies, individuals and institutions buying agricultural land to set against their profits elsewhere—or indeed to greenwash their carbon-creating activities elsewhere—and at those who make a killing from a change of use, rather than directing their tax increases at small family farms.

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