I will not give way at this stage. Those estates over the threshold will have a 50% reduction in the amount they pay. We have already heard that the seven-year rule will continue to apply, so farming families will be able to make plans for the future.
Farming and Inheritance Tax
Proceeding contribution from
Jon Pearce
(Labour)
in the House of Commons on Wednesday, 4 December 2024.
It occurred during Opposition day on Farming and Inheritance Tax.
Type
Proceeding contribution
Reference
758 c408 
Session
2024-25
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2024-12-05 16:06:07 +0000
URI
http://hansard.intranet.data.parliament.uk/Commons/2024-12-04/24120433000062
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://hansard.intranet.data.parliament.uk/Commons/2024-12-04/24120433000062
In Solr
https://search.parliament.uk/claw/solr/?id=http://hansard.intranet.data.parliament.uk/Commons/2024-12-04/24120433000062