Agriculture: Inheritance Tax
The question
To ask the Chancellor of the Exchequer, how much revenue she expects to raise from changes to Agricultural Property Relief in Northern Ireland; and what assessment she has made of the potential impact of those changes on farming families in Northern Ireland.
Answered by James Murray
The overall changes to both agricultural property relief and business property relief from 6 April 2026 are expected to raise £520 million in 2029-30, based on the latest available data. This is the total UK revenue expected to be raised from estates with relevant assets across all types of businesses.
Up to around 520 estates making claims for agricultural property relief, including those that also claim for business property relief, across the UK are expected to be affected by this policy in 2026-27. This means almost three-quarters of estates claiming agricultural property relief, including those that also claim for business property relief, will not pay any more tax as a result of these changes in 2026-27, based on the latest available data.
The Government is aware of the concerns from the farming industry in Northern Ireland. Information from claims is not recorded to enable regional or national breakdowns of the revenue or number of estates expected to be affected. For more information, please see my recent letter to the Chair of the Northern Ireland Select Committee: https://committees.parliament.uk/publications/46267/documents/232537/default/.
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