As the hon. Gentleman will be aware, reservation of benefits applies when an asset that is still being used is passed on under the seven-year rule. Is he suggesting that a farmer who has been on their farm for their whole life should move out of their farmhouse, get off the land and pay market rate rent? Where will they get that money from, given that, as we know, farm profits are so small?
Farming and Inheritance Tax
Proceeding contribution from
Harriet Cross
(Conservative)
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 c365 
Session
2024-25
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2024-12-05 16:06:22 +0000
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