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Agricultural Property Relief and Business Property Relief

EDM (Early Day Motion) 371: tabled on 06 November 2024

Tabled in the 2024-25 session.

This motion has been signed by 28 Members. It has not yet had any amendments submitted.

Motion text

That this House recognises the essential role of family-run farms in sustaining rural communities, particularly in areas like West Dorset, and providing high-quality food for the nation; notes that the proposed changes to Agricultural Property Relief and Business Property Relief from April 2026, with only the first £1 million of agricultural and business assets fully exempt from inheritance tax, pose a critical threat to these farms' continuity; further notes that 49% of farms already have a net worth of over £1.5 million, and that the average farm value far exceeds this cap, these adjustments could force families to sell vital assets to meet tax obligations; notes that the sustainability of these generational farms, many of which are central to food security and biodiversity, is at risk; and calls on the Government to urgently reassess these measures to safeguard the future of UK agriculture and the rural economy.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

van Mierlo, Freddie
Liberal Democrat
Signed on 11 November 2024
Henley and Thame
Young, Claire
Liberal Democrat
Signed on 11 November 2024
Thornbury and Yate
Dance, Adam
Liberal Democrat
Signed on 11 November 2024
Yeovil
Dyke, Sarah
Liberal Democrat
Signed on 8 November 2024
Glastonbury and Somerton
Sabine, Anna
Liberal Democrat
Signed on 11 November 2024
Frome and East Somerset
Roome, Ian
Liberal Democrat
Signed on 11 November 2024
North Devon
Shannon, Jim
Democratic Unionist Party
Signed on 12 November 2024
Strangford
MacCleary, James
Liberal Democrat
Signed on 12 November 2024
Lewes
Cane, Charlotte
Liberal Democrat
Signed on 12 November 2024
Ely and East Cambridgeshire
Dillon, Mr Lee
Liberal Democrat
Signed on 12 November 2024
Newbury
Milne, John
Liberal Democrat
Signed on 12 November 2024
Horsham
Martin, Mike
Liberal Democrat
Signed on 12 November 2024
Tunbridge Wells
Savage, Dr Roz
Liberal Democrat
Signed on 18 November 2024
South Cotswolds
Maguire, Ben
Liberal Democrat
Signed on 18 November 2024
North Cornwall
Perteghella, Manuela
Liberal Democrat
Signed on 18 November 2024
Stratford-on-Avon
Smart, Lisa
Liberal Democrat
Signed on 20 November 2024
Hazel Grove
Jardine, Christine
Liberal Democrat
Signed on 25 November 2024
Edinburgh West
Foord, Richard
Liberal Democrat
Signed on 1 December 2024
Honiton and Sidmouth
Sollom, Ian
Liberal Democrat
Signed on 4 December 2024
St Neots and Mid Cambridgeshire
Gibson, Sarah
Liberal Democrat
Signed on 4 December 2024
Chippenham
Miller, Calum
Liberal Democrat
Signed on 13 December 2024
Bicester and Woodstock
Brewer, Alex
Liberal Democrat
Signed on 10 February 2025
North East Hampshire

There are no withdrawn signatures for this motion.