questionText: To ask the Secretary of State for Environment, Food and Rural Affairs, if he will make an assessment of the potential implications for his policies of the findings of the report entitled An impact analysis of APR reforms on commercial family farms, published by the National Farmers Union on 21 November 2024 on the acreage of land relating to Agricultural Property Relief claims on assets of less than £250,000 in the 2021-22 financial year.
answerText: That report draws on Defra analysis on asset value. Tax liabilities for individual farm businesses depend on personal circumstances. It is not possible to accurately infer a future inheritance tax liability from data on farm asset values. This is because ...
heading: Agriculture: Inheritance Tax