The CLA (Country Land and Business Association) has commented on a Lords Committee report on the Finance Bill and IHT published today which is critical of government’s lack of consultation as well as raising concerns about the continued impact of the policy.
CLA Deputy President Joe Evans said:
“This report confirms the realities of this policy. The partial climbdown before Christmas was welcome, and shows government now understands at least some of the harm inheritance tax reform is doing to the economy.
“While we recognise government has said there will be no further change, the inquiry’s call to extend the payment deadline is a welcome addition to the debate, as is recognition of government’s failure to properly consult.
“We will continue to do all we can to protect rural family businesses, and campaign for an economic policy that champions, not harms, their enterprises.”
