James Murray

James Murray

Labour (Co-op) — Ealing North

Speaking in the House of Commons on 4 December 2024

Debate

Farming and Inheritance Tax

Contribution

That is an important point. Looking at the pure asset value of farms does not tell us what their inheritance tax liability might be. As my hon. Friend rightly points out, any liabilities must be netted off against the value of any estate, and the ownership structure—the various nil rate bands, previous spousal transfers, giftings and so on—need to be considered.

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