UK Parliament / Open data

Farming and Inheritance Tax

Proceeding contribution from Katie Lam (Conservative) in the House of Commons on Wednesday, 4 December 2024. It occurred during Opposition day on Farming and Inheritance Tax.

What I have been told by my farmers, based on the tax advice that they have been given, is that the bills—and not just the inheritance tax on decades of profits—will be completely unaffordable.

Farming is hard. It is not like any other industry: it is a culture and a way of life. It is lonely, revenues are uncertain, profits are tiny and cash is tight.

Type
Proceeding contribution
Reference
758 cc343-406 
Session
2024-25
Chamber / Committee
House of Commons chamber
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