Recommendation 8

We are disappointed that the Government has maintained a complacent approach to measuring the impact of these tax changes despite the scale of public disquiet in Wales. In the absence of a Wales-specific Impact Assessment, the UK Government must delay implementing its final APR and BPR reforms until one has been published and scrutinised by the Welsh Affairs Committee. We recommend that, working in collaboration with the Treasury, HMRC, Wales Office and Welsh Government, all the available data that relates to farm ownership in Wales should be revisited to develop a more detailed understanding of the potential impact the changes to IHT may have on farmers in Wales who intend to leave their estates to the next generation of Welsh farmers. (Recommendation, Paragraph 54) Funding, Ringfencing & Barnettisation