Written Question·Treasury·UIN 29308
Agriculture: Inheritance Tax
Tabled: 5 February 2025
Answered: 10 February 2025
Named DayQuestion
Harriet Cross
Conservative — Gordon and Buchan
To ask the Chancellor of the Exchequer, what assumptions on the timing of intergenerational farm transfers were used in forecasts of farms affected by changes to (a) Agricultural Property Relief and (b) Business Property Relief.
Answer
James MurrayThe Chancellor wrote to the Chair of the Treasury Select Committee about the reforms to agricultural and business property reliefs announced at the 2024 Autumn Budget: https://committees.parliament.uk/publications/45691/documents/226235/default/. The UK G...
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