Agricultural Property Relief and Business Property Relief Debate
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Noah Law
Main Page: Noah Law (Labour - St Austell and Newquay)Department Debates - View all Noah Law's debates with the HM Treasury
Agricultural Property Relief and Business Property Relief
Noah Law Excerpts(3 days, 20 hours ago)
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Noah Law (St Austell and Newquay) (Lab)
I thank the Minister for his considered engagement with rural Labour MPs such as myself on this issue from the get-go. I also thank farmers—at least in my part of Cornwall—for their dignified engagement at what I know has been a difficult time. Does the Minister agree that where we have landed now strikes a much better balance, one that in relative terms favours small family farms compared with industrial concerns, institutional investors and those looking to use agricultural property as a means of avoiding tax?
Dan Tomlinson
I thank my hon. Friend for his continued engagement on this and a whole range of issues that affect rural communities in Cornwall—he is a strong advocate for his constituents. As he says, we have now come forward with a change in the APR and BPR thresholds to make sure we can protect those smaller family farms.