Agricultural Property Relief and Business Property Relief Debate
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Jonathan Davies
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Agricultural Property Relief and Business Property Relief
Jonathan Davies Excerpts(3 days, 20 hours ago)
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Dan Tomlinson
Government decisions are made collectively. Yes, the Government have listened to farming communities and farming businesses, and to representatives of family businesses that would also have been affected by the £1 million BPR threshold, which was the same as the APR threshold.
Jonathan Davies (Mid Derbyshire) (Lab)
It was very welcome news that the Government had revisited the issues of business property relief, which will help family businesses in my constituency, and agricultural property relief, which means that up to £5 million can be passed on by a qualifying couple. It was also right that the Government considered this area as a whole, because too many people, including famous folk off the telly, had bought such properties with a view to insulating themselves against tax. Can the Minister assure me that we will take steps to support our farming community by not selling them down the river with dodgy trade deals, as we saw with Australia and New Zealand under the previous Government, and that we will work closely with our European export partners? Will he also ensure that the SFI and other subsidies get to where they need and are spent in a timely way, because they went unspent under the previous Government?
Dan Tomlinson
My hon. Friend is right to mention the disastrous trade deals that happened under the previous Government, and I thank him for giving me the chance to mention the trade deals that we have implemented, which seek to support businesses across the country to access more markets. I hope that, with our continued engagement with the European Union, we can continue to do that closer to home, too.