Birdwatch Note Rating
2024-11-19 17:37:31 UTC - HELPFUL
Rated by Participant: 4FBE2E6C9F0F22A96E1D9D53F2020BAC34A96A9FE5FD6FD1D89AC8247CC02186
Participant Details
Original Note:
NNN - Proposed note is incorrect. Agricultural assets are considered in the £1m allowance. £1m is the cost of ONE average sized UK agricultural field (50 acres average at £10k/acre average), a combine and a tractor with planting, spreading, and logistical equipment. https://lordslibrary.parliament.uk/budget-2024-inheritance-tax-and-family-farms/#:~:text=From%20April%202026%2C%20inheritance%20tax,over%2010%20years%20interest%20free.
All Note Details