Richard Foord

Richard Foord

Liberal Democrat — Honiton and Sidmouth

Speaking in the House of Commons on 14 January 2025

Debate

Agricultural and Business Property Relief

Contribution

I do not question the Minister’s difficult inheritance, but the Labour party adviser Dan Neidle suggests that the plan to slap inheritance tax on farms worth more than £1 million should be replaced with a much higher threshold with a clawback mechanism, perhaps for land over £20 million that is sold. That would tackle the Dysons of the world without affecting small family farms. What does the Minister think of that proposal?

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