Written Question·Treasury·UIN 13621

Agriculture: Inheritance Tax

Tabled: 11 November 2024
Answered: 19 November 2024

Question

Gareth Davies

ConservativeGrantham 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 Murray
I 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.