Tag: inheritance tax

Bishop of Norwich asks about impact of tax policy on rural communities

The Bishop of Norwich asked a question on the impact of changes to inheritance tax and future policy changes on rural communities during a discussion on the reformed Sustainable Farming Incentive on 11th March 2026:

The Lord Bishop of Norwich: I keep hearing from farmers, particularly from small farms, about the impact of the fiasco of the changes in inheritance tax. Would the Minister give some reassurance that future policy changes will truly be rural-proofed? I declare an interest as this year’s president of the Royal Norfolk Show.

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Bishop of St Albans asks about impact of inheritance tax on rural businesses

The Bishop of St Albans asked a question on the impact of inheritance tax on farmers and rural businesses on 1st May 2025:

The Lord Bishop of St Albans: My Lords, there is no doubt that there is some sort of mismatch between the assurances being given and the experiences of some of our smaller farmers, who are deeply concerned at what is going on. What consideration have His Majesty’s Government given to having some sort of clawback clause? If assets were disposed of within, say, seven years after a death, that would deal with the problem of the tax loophole whereby some people are using land simply to get out of paying tax.

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