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Written question asked by Edward Morello (Liberal Democrat) on Monday, 1 September 2025, in the House of Commons. It was due for an answer on Wednesday, 3 September 2025. It was answered by Dan Tomlinson (Labour) on Tuesday, 9 September 2025 on behalf of the Treasury.


Inheritance Tax

Question

To ask the Chancellor of the Exchequer, if she will commission an independent review of the proposed changes to Inheritance Tax.

Answer

The Government has set out the rationale, analysis, and expected impact of all the reforms to inheritance tax announced at Autumn Budget 2024. The independent Office for Budget Responsibility certified the costings are reasonable and central for these reforms. This includes the reforms to agricultural property relief and business property relief from 6 April 2026, the reform to the inheritance tax treatment of pensions from 6 April 2027, and the fixing of the nil-rate band and residence nil-rate band at their current levels for a further two years in 2028-29 and 2029-30.

The Government has no plans to commission an independent review of the reforms.


Secondary information

Type
Written question
Reference
73699
Session
2024-26
Subjects
Inheritance tax
Link
View this Written question on www.parliament.uk