Written Question·Department for Environment, Food and Rural Affairs·UIN 17854
Agriculture: Inheritance Tax
Tabled: 4 December 2024
Answered: 17 December 2024
Question
Helen Whately
Conservative — Faversham and Mid Kent
To ask the Secretary of State for Environment, Food and Rural Affairs, whether he has made an estimate of the number of farmers who will exit the sector as a result of the change to agricultural property relief in the Autumn Budget.
Answer
Daniel ZeichnerFrom 6 April 2026, the full 100% relief from inheritance tax will be restricted to the first £1 million of combined agricultural and business property. Above this amount, landowners will access 50% relief from inheritance tax and will pay inheritance tax ...
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