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Inheritance Tax: Tax Allowances

Question for Treasury

UIN 15812, tabled on 27 February 2024

To ask the Chancellor of the Exchequer, if he will make an (a) estimate of the potential costs and (b) assessment of the potential merits of (i) reducing and (ii) removing (a) Business Relief, (B) Agricultural Property Relief and (C) other inheritance tax reliefs.

Answered on

1 March 2024

HMRC publishes the cost of structural and non-structural tax reliefs. The information is available at www.gov.uk/government/collections/tax-relief-statistics.

Answered by

Treasury