Sir John Whittingdale

Sir John Whittingdale

Conservative — Maldon

Speaking in the House of Commons on 19 December 2024

Debate

Budget: Family Farms

Contribution

Has the right hon. Gentleman seen the latest research, which shows that 75% of commercial farms will exceed the £1 million threshold and therefore will become liable for inheritance tax? Just to give him one example, a family in West Hanningfield in my constituency who have farmed for five generations say that they face a potential inheritance tax bill of £1.5 million. They say that it will put an end to all that has gone before and end the aspirations of their family. I plead with the Government to look at this again.

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