Written Question·Treasury·UIN 31521
Agriculture and Business: Inheritance Tax
Tabled: 13 February 2025
Answered: 25 February 2025
Named DayQuestion
Dave Doogan
Scottish National Party — Angus and Perthshire Glens
To ask the Chancellor of the Exchequer, what definition of family farm was used when developing changes to inheritance tax relief for (a) business and (b) agricultural assets.
Answer
James MurrayThe Government believes its reforms to agricultural property relief and business property relief from 6 April 2026 get the balance right between supporting farms and fixing the public finances in a fair way. The reforms reduce the inheritance tax advantag...
ⓘ
This is an extract from the Parliament API. Search the full answer on Parliament.uk (UIN 31521) →