questionText: To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of a lifetime gift cap on the ability of family (a) farms and (b) businesses to mitigate changes to (i) Agricultural and (ii) Business Property Relief.
answerText: There is no lifetime cap on gifts for inheritance tax purposes. Information on the rules is available at www.gov.uk/inheritance-tax/gifts. The Chancellor of the Exchequer makes tax policy decisions at fiscal events and the Government does not comment on s...
heading: Inheritance Tax: Tax Allowances