Farms: Small Businesses

(asked on 27th November 2025) - View Source

Question to the HM Treasury:

To ask His Majesty's Government whether there are any measures in the Budget 2025 specifically designed to support families in small family farms.


Answered by
Lord Livermore Portrait
Lord Livermore
Financial Secretary (HM Treasury)
This question was answered on 11th December 2025

The Government has taken significant steps to support farmers. The Government allocated a record £11.8 billion to sustainable farming and food production over this Parliament at the Spending Review 2025.

The Government also announced at the Budget in November 2025 that any unused £1 million allowance for the 100% rate of agricultural property relief and business property relief will be transferable between spouses and civil partners. This means a surviving spouse or civil partner can benefit from an allowance of up to £2 million for combined agricultural and business assets depending on their circumstances. It also reduces the complexity and planning for spouses and civil partners seeking to make best use of the allowance between them.


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