Inheritance Tax
I am grateful to the Minister; he is being very generous. If he was a farmer with a relatively small farm—probably pretty marginal at, say, 300 acres and worth about £3 million—would he consider improving his farm and investing in capital to upgrade it, with the expensive kit now necessary to produce any sort of return on the land these days, or would he think, particularly if he was getting on in years, that that money would simply be top-sliced by the Treasury?