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Written question asked by Kenny MacAskill (Alba Party) on Wednesday, 3 May 2023, in the House of Commons. It was due for an answer on Wednesday, 10 May 2023 (named day). It was answered by Victoria Atkins (Conservative) on Wednesday, 10 May 2023 on behalf of the Treasury.


Business: Inheritance Tax

Question

To ask the Chancellor of the Exchequer, what the estimated cost of tax relief granted to Inheritance Tax under Business Property Relief was in each year since 2010.

Answer

The latest estimates of the cost of tax relief on Inheritance Tax relating to Agricultural Property Relief and Business Property Relief for 2017/2018 to 2022/2023 can be found in HMRC’s Non-structural tax reliefs publication available on the GOV.UK Website here: https://www.gov.uk/government/statistics/main-tax-expenditures-and-structural-reliefs.


Secondary information

Type
Written question
Reference
183814
Session
2022-23
Grouped for answer
Yes
Subjects
Business Inheritance tax Tax allowances
Contains statistics
Yes
Link
View this Written question on www.parliament.uk