PARLIAMENTARY WRITTEN QUESTION
(14 July 2025)
Question Asked
To ask the Chancellor of the Exchequer, what estimate she has made of the net fiscal impact of changes to inheritance tax for family owned businesses in each year to 2029-30.
Asked by:
Dr Scott Arthur (Labour)
Asked by:
Dr Scott Arthur (Labour)
Answer
The Government published information about the reforms to agricultural property relief and business property relief at www.gov.uk/government/publications/agricultural-property-relief-and-business-property-relief-reforms.
This measure is forecast to raise an additional £230m in 2026-27, £495m in 2027-28, £520m in 2028-29, and £520m in 2029-30.
The OBR does not expect the reforms to have a significant macroeconomic impact. Additional information is also published in the OBR Economic and Fiscal Outlook, from paragraph 3.20 to 3.23:
https://obr.uk/docs/dlm_uploads/OBR_Economic_and_fiscal_outlook_Oct_2024.pdf.
Answered by:
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