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

The way to calculate the impact of changes to inheritance tax policy is to look at the inheritance tax claims that have been made, and that is what we have used as the basis for our calculations. In fact, the OBR publication yesterday confirms that it used HMRC’s data on inheritance tax reliefs in the past and inheritance tax projected forward, and it is on the basis of that data that we designed our policy.

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