Debate contribution: Inheritance Tax Changes: Impact on Farmers

Debate contribution by Mr Trevor Clarke on 4 November 2024.

MLA: Mr Trevor Clarke
Party at the time: Democratic Unionist Party
Date: 4 November 2024
Type: Debate contribution
Business: Oral Answers to Questions
Heading: Inheritance Tax Changes: Impact on Farmers
Assembly identifier: Official Report component 4625541

Text

I hear what you say, Minister. Your first example about farmers not transferring their land in a timely manner is probably less of a case. In your answer to the Mid Ulster representative, you mentioned 75%, which is higher than the estimate that Rachel Reeves gave at Westminster last week. Can your Department do more scoping out of the impact of the change? We, on this side of the Chamber, fear — I am sure that others fear the same — that it will decimate farming in Northern Ireland. It is not a case of paying inheritance tax — the change will decimate farms. There will not be farms in Northern Ireland. Is this another way to get rid of farmers?

121 words. Text as published by the Northern Ireland Assembly.

Part of an exchange

This follow-up belongs to: Topical question AQT 692/22-27.

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