questionText: To ask the Chancellor of the Exchequer, whether her Department has made an estimate of the number of family businesses that may be required to (a) sell and (b) downsize as a result of the reduction in Business Property Relief; and what assessment she has made of the potential impact of the behavioural responses on the public finances.
answerText: The value of an ownership of a business, or share of a business, is included in an estate for inheritance tax purposes. Business property relief reduces the value of the interest in the business or its assets when calculating how much inheritance tax is d...
heading: Business: Inheritance Tax