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Lord Berkeley of Knighton (CB)

Speaking in the House of Lords on 27 January 2025

Debate

Agricultural and Business Property Reliefs: OBR Costing

Contribution

Can I ask for clarification on one thing? Using the Minister’s figures, if a farm was worth, say, £2 million or £3 million—and of course many farms, and I would say most, are worth at least that, if not a great deal more—what would be the situation if the farmer is unmarried or does not have a civil partnership? That is not a farm that he would then be able to pass on to the next generation, given the Minister’s figures. Am I correct?

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