Oral QuestionTreasury

“What progress he has made on introducing Investment Zones.”

Tabled: 25 October 2023Answered: 31 October 2023

Answering Minister

the Chancellor of the Exchequer

Answer from Hansard

Dan Tomlinson

At the Budget, we came forward with a revision to the policy to support people whose spouses have already passed away, and we made the allowance transferable between the spouses. That change will reduce the number of farms affected by the agricultural property relief changes from about 500—as was estimated at the previous Budget—to 375, when coupled with changes to the underlying economic forecast. The policy raises money from those with the largest estates in a fair way, and I encourage Members in all parts of the House to consider whether or not—