Agricultural Property Relief and Business Property Relief Debate
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Ian Roome
Main Page: Ian Roome (Liberal Democrat - North Devon)Department Debates - View all Ian Roome's debates with the HM Treasury
Agricultural Property Relief and Business Property Relief
Ian Roome Excerpts(3 days, 20 hours ago)
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Dan Tomlinson
I recognise that many estates that would have been affected by the lower threshold, rather than having to pay additional inheritance tax, will now not be paying any inheritance tax at all. We have moved hundreds of estates out of having to pay additional inheritance tax. We have also reduced the tax liabilities for those larger estates too, because we have listened.
Ian Roome (North Devon) (LD)
Many of my rural constituents are relieved that the Government have partly seen sense on this issue. Given the track record of U-turns from this Government, when I meet with a group of local farmers next week, what reassurance can I give them that the Government will not change course on this policy again in the near future?
Dan Tomlinson
The Finance (No. 2) Bill will be making its way through the House in the coming weeks, and once the Bill is law that change will come forward. If the hon. Gentleman meets his farmers on 7 April this year, the change will already be in place.