Agriculture: Inheritance Tax
The question
To ask the Chancellor of the Exchequer, what estimate her Department has made of the number of farmers who will be affected by the withdrawal of agricultural property relief in (a) Lincolnshire and (b) South Holland and the Deepings constituency.
Answered by James Murray
The Government has published information about the reforms to agricultural property relief and business property relief at https://www.gov.uk/government/news/what-are-the-changes-to-agricultural-property-relief.
Around 500 estates across the UK are expected to be affected each year from 2026-27.
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