James Murray

James Murray

Labour (Co-op) — Ealing North

Speaking in the House of Commons on 23 January 2025

Debate

Agricultural and Business Property Reliefs: OBR Costing

Contribution

There certainly is evidence that the current inheritance tax system has caused people to use these reliefs for tax planning and to avoid inheritance tax bills. My hon. Friend alludes to the broader question of the fairness and sustainability of this measure. As I mentioned earlier, 40% of agricultural property relief benefits the top 7% of estates, and 50% of business property relief benefits the top 4% of estates. The Leader of the Opposition has said that she thinks this is a good way to prioritise public money, but we think it is neither fair nor sustainable.

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