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Agriculture: Inheritance Tax

Asked by Richard FullerConservativeTreasuryTabled Answered 18 November 2024UIN 13207

The question

To ask the Chancellor of the Exchequer, with reference to her Department's policy paper entitled Summary of reforms to agricultural property relief and business property relief, published on 30 October 2024, whether the £1 million threshold for the two re

Answered by James Murray

The allowance will be £1 million from 6 April 2026. Decisions about future increases will be taken in the same way as for other inheritance tax reliefs.

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