Written Question·Department for Environment, Food and Rural Affairs·UIN 45210

Farmers: Income

Tabled: 8 April 2025

Answered: 25 April 2025

Question

Blake Stephenson

To ask the Secretary of State for Environment, Food and Rural Affairs, if he will make an estimate of what the median income of farmers was in the 2023-24 financial year who will be affected by the changes to Agricultural Property Relief and Business Prop

Answer

Daniel Zeichner

Assessing the impact of the new Inheritance Tax policy, which comes into force from 6 April 2026, relies on a number of factors such as ownership structure and debt levels. The Government is aware that each farm is different, and so we encourage farmers t...

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