Agriculture: Inheritance Tax
The question
To ask the Chancellor of the Exchequer, what steps she is taking with the Secretary of State for the Environment, Food and Rural Affairs to help ensure the generational continuity of agricultural businesses.
Answered by James Murray
The Government is committing the largest ever proportion of the £5 billion farming budget across this year and next to sustainable food production in our history.
It is expected that up to 520 estates claiming agricultural property relief (APR), or APR and business property relief (BPR) together, will be affected in 2026-27 by the changes to APR and BPR. Almost three-quarters of estates claiming APR (or those claiming APR and BPR together) are expected to be unaffected by these reforms.
The Government published information about the reforms to APR and BPR at www.gov.uk/government/publications/agricultural-property-relief-and-business-property-relief-reforms.
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