Written Question·Treasury·UIN 100088
Business: Inheritance Tax
Tabled: 15 December 2025
Answered: 22 December 2025
Question
John Whitby
Labour — Derbyshire Dales
To ask the Chancellor of the Exchequer, what process will be used to value family businesses after the changes to Business Property Relief are introduced.
Answer
Dan TomlinsonThe inheritance tax value of a person’s estate is the open market value of all their assets and liabilities. The forthcoming changes to business property relief will not change the existing rules on valuing a business. Valuation assumes a sale between a h...
ⓘ
This is an extract from the Parliament API. Search the full answer on Parliament.uk (UIN 100088) →