Agriculture and Business: Inheritance Tax
The question
To ask the Chancellor of the Exchequer, whether it is still his Department's policy to keep the Agricultural and Business Property Reliefs threshold at £2.5m.
Answered by Department for Environment, Food and Rural Affairs
From April 2026, the combined amount of 100% Agricultural Property Relief and Business Property Relief allowed against a person’s estate is £2.5 million. Combined with the nil-rate bands, this means two individuals could pass on up to £5.65 million tax-free between them.
The Government has legislated for this combined allowance to remain at £2.5 million until April 2031 and then increase with inflation.
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