Written Question·Treasury·UIN 29933
Business: Inheritance Tax
Tabled: 7 February 2025
Answered: 17 February 2025
Question
Joy Morrissey
Conservative — Beaconsfield
To ask the Chancellor of the Exchequer, whether her Department has made an estimate of the number of family businesses that may be required to (a) sell and (b) downsize as a result of the reduction in Business Property Relief; and what assessment she has
Answer
James MurrayThe value of an ownership of a business, or share of a business, is included in an estate for inheritance tax purposes. Business property relief reduces the value of the interest in the business or its assets when calculating how much inheritance tax is d...
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