Tag: agricultural property relief

Bishop of Lincoln raises risks to family farms and food security under new budget rules

On 27th January 2025, the Bishop of Lincoln spoke in a debate on the impact of removing agricultural property relief tax, increases to national insurance, and extension of VAT to private schools on the regions and nations of the UK, raising risks to family farms and food security:

The Lord Bishop of Lincoln: My Lords, it is entirely legitimate for the Government to target rich business owners and billionaires who have bought farmland for the sole purpose of avoiding inheritance tax, However, Jeremy Moody of the Central Association of Agricultural Valuers said recently that the reform of APR

“hits the people it is supposed to protect, and protects those it is supposed to hit.

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Bishop of Chelmsford asks about changes to agricultural property relief

The Bishop of Chelmsford received the following written answer on 18th December 2024:

The Lord Bishop of Chelmsford asked His Majesty’s Government how many conversations the Secretary of State for Environment, Food and Rural Affairs had with farming sector representatives about changes to agricultural property relief prior to the change being announced.

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Bishop of Norwich speaks in debate on impact of the budget on family farms

The Bishop of Norwich took part in a debate on the impact of the government’s new budget on family farms on 12th December 2024:

The Lord Bishop of Norwich: My Lords, I am grateful to the noble Earl, Lord Leicester, for bringing this timely debate. Let us not beat about the hedgerow: the Government’s Budget proposals are bringing huge stress and deep concern to the farming community, as we have already heard. For many, this is the final straw after years of challenges.

I have become aware of a particularly tragic circumstance in south Norfolk where, due to a terminal cancer diagnosis, if the farmer survives after 5 April 2026, the policy change will have a huge impact on his family’s well-being and fortunes. That pressure puts enormous strain on him, almost wishing him to die sooner, because then the farm will be safe.

What of situations of the unexpected sudden death of a young farmer? The family would not only have lost the primary breadwinner but would probably have an unsustainable farm to carry on farming.

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Bishop of Chelmsford asks about agricultural property relief

The Bishop of Chelmsford received the following written answers on 12th December 2024:

The Lord Bishop of Chelmsford asked His Majesty’s Government:

  • whether they plan to review their analysis, including assumptions, which informed their decision to reduce agricultural property relief for inheritance tax.
  • what consideration they have given to tapering or staggering the reduction of agricultural property relief for inheritance tax to give farmers time to put their tax affairs in order.
  • what assessment they have made of the analysis by the National Farmers’ Union that figures from the Department for Environment, Farming and Rural Affairs indicate that 66 per cent of farms will be affected by the proposed changes to agricultural property relief; and what is the reason for the difference between this figure and the Treasury’s calculation that 28 per cent of farms will be affected.
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Bishop of Norwich asks about impact of changes to agricultural property relief on farming families

The Bishop of Norwich received the following written answer on 3rd December 2024:

The Lord Bishop of Norwich asked His Majesty’s Government what assessment they have made of the impact of the Budget’s changes to agricultural property relief from inheritance tax on the mental health of farming families who own small farms.

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