UK Parliament / Open data

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.

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?

Type
Proceeding contribution
Reference
758 c365 
Session
2024-25
Chamber / Committee
House of Commons chamber
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