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The government is consulting on the scope of agricultural property relief.
Some tax advisers and other stakeholders have raised concerns that the current scope of this relief is a potential barrier to some agricultural landowners and farmers making long-term land use change from agricultural to environmental use.
The aim is therefore to explore the extent to which the current scope of agricultural property relief may represent a barrier and, if necessary, potential updates to the scope of the existing land habitat provisions in the relief. The government is not considering changes to business property relief.
The Treasury is also examining a recommendation in the recent Rock review of tenant farming in England to restrict the application of 100% agricultural property relief to longer tenancies of eight or more years.
Comments should be emailed to personaltaxconsultations@hmtreasury.gov.uk by 9 June.
