John Cooper

John Cooper

Conservative — Dumfries and Galloway

Speaking in the House of Commons on 14 October 2026

Debate

Inheritance Tax

Contribution

I thank the hon. Gentleman for his intervention, but he is talking about adding yet more costs on to businesses. I have heard from farmers who tried inheritance planning but were told that the bank would not pass on the working overdraft to young members of the family. It is much more complicated than he pretends. Although HMRC may allow payments in instalments over 10 years or grant credit in certain circumstances, interest can still accrue after six months. That leaves taxpayers with higher bills through no fault of their own. The Conservatives’ allowing family homes to be excluded from inheritance tax, plus the additional £1 million allowance, would restrict the effect of that pernicious interest. Meanwhile, we need to see agriculture not as a dripping roast on which the Treasury may feast, but as a rural powerhouse helping to feed the nation. If this Government were serious about their mantra “food security is national security”, they would halt the family farm tax right now and stop turning the human drama of a death into a financial crisis for the living.

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