Written Question·Treasury·UIN 26755

Inheritance Tax

Tabled: 27 January 2025

Answered: 4 February 2025

Question

Graham Leadbitter

Scottish National Party — Moray West, Nairn and Strathspey

To ask the Chancellor of the Exchequer, what assessment she had made of the potential impact of the proposed changes to business property relief on (a) family businesses and (b) the UK economy.

Answer

James Murray

At Autumn Budget 2024, the Government took a number of difficult but necessary decisions on tax, welfare, and spending to restore economic stability, fix the public finances, and support public services. These were tough decisions given the situation we i...

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