Inheritance tax on farming land
Dear HM Treasury,
Without prejudice to the generality of the foregoing, in particular, the following question under the Freedom of Information Act.
1. The total number of active farms that currently producing food in the United Kingdom and Northern Ireland.
2. The number of active farms that would qualify for exemption at the £1m limit or conversely the number of active farms that become under the scope of inheritance tax.
3. In the budget responses, the Chancellor has made reference to the number of claims that would pay tax is relatively low. The Treasury estimates that around 500 estates would be affected.
Could you provide details of the claims made for the last 5 years of
a) total number of claims that would be affected
b) total number of claims made by farms
c) the total number less those that were inactive/not food producing
Yours sincerely
Wai M Yau
Our ref: FOI2024/18805
Dear Wai M Yau,
Thank you for your request for information which we are considering under
the terms of the Freedom of Information Act 2000.
This is to confirm receipt of your request and to let you know that it is
receiving attention. If you have any enquiries regarding your request do
not hesitate to contact us.
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make Freedom of Information requests: [email address]
Yours sincerely
Information Rights Unit | Correspondence and Information Rights | HM
Treasury, 1 Horse Guards Road, London, SW1A 2HQ [1]www.gov.uk/hm-treasury
References
Visible links
1. http://www.gov.uk/hm-treasury
Dear Wai M Yau
Please find attached a response to your recent FOI request.
Yours sincerely
Information Rights Unit | Correspondence and Information Rights | HM
Treasury, 1 Horse Guards Road, London, SW1A 2HQ [1]www.gov.uk/hm-treasury
References
Visible links
1. http://www.gov.uk/hm-treasury
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