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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