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The Lord Bishop of St Albans

Speaking in the House of Lords on 5 November 2024

Debate

Budget: Implications for Farming Communities

Contribution

My Lords, can the Minister help us a little? The Treasury figures state that fewer than 25% of farm businesses will be affected by the changes to APR on inheritance tax. However, the NFU estimates that up to half of all working farms could be impacted by the new tax rules. Why is there such a large discrepancy? Can she help us to understand what is going on?

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