PARLIAMENTARY WRITTEN QUESTION
(4 December 2024)
Question Asked
To ask the Chancellor of the Exchequer, what case studies she has used to calculate the financial impact of proposed changes to Agricultural Property Relief.
Asked by:
Helen Whately (Conservative)
Asked by:
Helen Whately (Conservative)
Answer
The tax base consists of all estates subject to Inheritance Tax that are projected to claim Agricultural Property Relief or Business Property Relief across the scorecard period. The tax base is estimated using HMRC administrative data, and is grown over the forecast in line with the Office for Budget Responsibility’s forecast for IHT receipts.
More information is available here: https://assets.publishing.service.gov.uk/media/6721d2c54da1c0d41942a8d2/Policy_Costing_Document_-_Autumn_Budget_2024.pdf
Answered by:
()
Contains Parliamentary information licensed under the Open Parliament Licence v3.0.