questionText: To ask the Secretary of State for Environment, Food and Rural Affairs, pursuant to the Answer of 2 December 2024 to Question 15988 on Agriculture: Inheritance Tax, on what evidential basis his Department (a) determined that 73% of claims will be for less than £1 million and (b) used to identify the proportion of the remaining 27% of affected estates that are active family-run farms; and what information his Department holds on the proportion of agricultural land sales purchased by (i) large corporations and (ii) investment firms in (A) Scotland and (B) the UK in each of the last five years.
answerText: As referenced in the answer to PQ 15988, 73 per cent (1,264 of 1,730) of claims by estates for agricultural property relief in 2021-22 were for properties valued below £1 million. This is calculated using a table published by HM Treasury using HMRC data i...
heading: Agriculture: Inheritance Tax