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Agriculture and Business: Inheritance Tax

Asked by Sir John HayesConservativeTreasuryTabled Answered 11 March 2025UIN 35636

The question

To ask the Chancellor of the Exchequer, pursuant to the Answer of 4 March 2025 to Question 32918 on Agriculture and Business: Inheritance Tax, how much revenue the Treasury has modelled a clawback mechanism for agricultural property relief and business property relief would raise if it was implemented (a) seven, (b) 10 and (c) 15 years after death.

Answered by James Murray

The Office for Budget Responsibility has not certified costings for the revenue that would be raised by a clawback mechanism since it is not Government policy. However, a clawback mechanism would raise significantly less than the reforms announced by the Government at Autumn Budget 2024 for the reasons outlined in the previous answer.

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