Written Question·Treasury·UIN 13207
Agriculture: Inheritance Tax
Tabled: 8 November 2024
Answered: 18 November 2024
Question
Richard Fuller
Conservative — North Bedfordshire
To ask the Chancellor of the Exchequer, with reference to her Department's policy paper entitled Summary of reforms to agricultural property relief and business property relief, published on 30 October 2024, whether the £1 million threshold for the two re
Answer
James MurrayThe allowance will be £1 million from 6 April 2026. Decisions about future increases will be taken in the same way as for other inheritance tax reliefs.