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Agricultural Property Relief and Business Property Relief 2026-01-05

05 January 2026

Lead MP

Victoria Atkins

Debate Type

Urgent Question

Tags

Taxation
Other Contributors: 60

At a Glance

Victoria Atkins raised concerns about agricultural property relief and business property relief 2026-01-05 in the House of Commons. A government minister responded. Other MPs also contributed.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Lead Contributor

Opened the debate
Will the Minister confirm the changes to agricultural property relief and business property relief, explain why a U-turn was necessary after significant opposition from farmers and rural communities, provide figures on how many estates will still be affected by these changes, include tenant farmers in the reforms, acknowledge past errors and the impact on families, and apologise for the distress caused?

Government Response

Taxation
Government Response
The Exchequer Secretary acknowledges the urgent question from Victoria Atkins regarding changes to agricultural property relief and business property relief. He explains that reforms announced in December were made after careful consideration of feedback from the farming community and family businesses, aiming to protect more farms and businesses while maintaining the principle that valuable assets should not receive unlimited tax relief. The allowance for 100% rate of relief is increased from £1 million to £2.5 million from April 2026, allowing a couple to pass on up to £5 million of agricultural or business assets tax-free. This change, along with other reforms announced at the recent Budget, will reduce the number of estates affected by inheritance tax from an expected 375 to just 185 in the coming tax year, reducing liability for many remaining estates. The Government expects to raise around £300 million in 2029-30 from these changes and emphasises a record investment of £11.8 billion in sustainable farming over this Parliament.
Assessment & feedback
Summary accuracy

About House of Commons Debates

House of Commons debates take place in the main chamber of the House of Commons. These debates cover a wide range of topics including government policy, legislation, and current affairs. MPs from all parties can participate, question ministers, and hold the government accountable for its decisions.