Written Question·Treasury·UIN 14824
Agriculture: Inheritance Tax
Tabled: 18 November 2024
Answered: 21 November 2024
Named DayQuestion
Ben Obese-Jecty
Conservative — Huntingdon
To ask the Chancellor of the Exchequer, what definition of farm her Department used to estimate the number of farms affected by changes to agricultural property relief.
Answer
James MurrayFrom 6 April 2026, the full 100% relief from inheritance tax will be restricted to the first £1 million of combined agricultural and business property. Around 500 estates across the UK are expected to be affected each year from 2026-27. It is not possible...
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