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Lord Londesborough (CB)

Speaking in the House of Lords on 6 January 2026

Debate

Agricultural Property Relief and Business Property Relief

Contribution

My Lords, I commend the Government on adjusting the threshold to £2.5 million, which I and other Cross-Benchers advocated a year ago in this place and which strikes the right balance. However, how many agricultural, forestry and fishing businesses closed in the 12 months since the 20% IHT measure was announced? How does that compare with the year before? I believe that the ONS has released this data. What redress, if any, will be offered to those businesses that have closed?

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