Written Question·Treasury·UIN 13621
Agriculture: Inheritance Tax
Tabled: 11 November 2024
Answered: 19 November 2024
Question
Gareth Davies
Conservative — Grantham and Bourne
To ask the Chancellor of the Exchequer, with reference to paragraph 2.51 of the Autumn Budget 2024, published on 30 October, whether (a) non-residential agricultural buildings, (b) farm vehicles, (c) farm tools, (d) livestock and (e) chemicals and fertili
Answer
James MurrayI can confirm that (a) non-residential agricultural buildings, (b) farm vehicles, (c) farm tools, (d) livestock and (e) chemicals and fertiliser stock are all included in the valuation of the agricultural and business assets of an estate.