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PARLIAMENTARY WRITTEN QUESTION
(6 January 2025)

Question Asked

To ask the Chancellor of the Exchequer, whether farm equipment was included when assessing the number of farms impacted by changes to inheritance tax.

Asked by:
Ben Obese-Jecty (Conservative)

Answer

Yes. Any farm equipment eligible for Business Property Relief was included in the analysis used to assess this impacts of this policy.

Information on APR and BPR reforms can be found in the policy briefing paper published at https://www.gov.uk/government/publications/agricultural-property-relief-and-business-property-relief-reforms/summary-of-reforms-to-agricultural-property-relief-and-business-property-relief#statistical-annex-distribution-of-claims-at-death-for-agricultural-property-relief-and-business-property-relief-in-2021-to-2022.

Additionally, more information behind the approach adopted is available in the Chancellor's recent letter to the Chair of the Treasury Select Committee at https://committees.parliament.uk/publications/45691/documents/226235/default/.


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