A junior minister has reiterated that the government has no plans to make changes to proposed Agricultural Property Relief (APR) and Business Property Relief (BPR) reforms.
Speaking in a Westminster Hall debate on Tuesday (28 October), exchequer secretary to the Treasury Dan Tomlinson said the decision to reform APR and BPR from next April "was not one the government took lightly". This was in response to MP Carla Lockhart's warning that the proposals will have "devastating consequences" on family farms in the UK. The policy, first announced in the Autumn Budget to widespread dismay from farmers across the country, was left untouched in Reeves' Spring Statement earlier this year. With reforms to APR and BPR on the horizon, farming families face higher...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
