Written question WQ94874
- Asked by
- Andrew RT DaviesConservative
- To be answered by
- First Minister
- Tabled
- Due
- Answered
- Time to answer
- 12 days
Question
Will the First Minister publish the details and findings of any and all assessments of the impact of the UK Government's changes to agricultural relief for inheritance tax on Welsh farms, as referenced during First Minister's Questions on Tuesday 5 November?
Declared interest
Answer
Answered by First Minister (Eluned Morgan)
Inheritance tax (IHT) is a reserved tax, overseen by the UK Government.
Therefore, it is important to refer to the published HMT data and assessments, which are based on the most recent claims for agricultural property relief which suggest that most farms will be unaffected by the changes.
Further information can be found at What are the changes to agricultural property relief? - GOV.UK and Agricultural property relief and business property relief reforms - GOV.UK.