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Coda: here is a bit more of that sales pitch. Along with general talk about "wealthy Britons", who are anyway not affected by non-dom changes bcos Osborne 2017 reforms stopped almost all UK born folk (via Cond A) from using the regime. All very confused!

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The @HMRCgovuk data are the ones to use when looking at tax reform, since they look at who uses the reliefs (both agri and bus relief). Relief reduces your tax, so people should report honestly (and if dishonest, should overclaim). This is why the 70k number is far too large

@freddiemossop @KirstieMAllsopp @CarolineCoramUK

@WillsCharityLaw @CLAtweets APR gets you the farmhouse, which you couldn't get BPR on (and will often exceed RNRB+TRNRB)

@JudithFreedman @DrNickOD @CLAtweets good point. so couple can have £3m tax free (assuming they plan right) if they are exactly at £3m. After that you can either think of it as 33m tax free and a higher marginal rate, or you can think of it as the tax free amount declining). But under £3m you pay nothing.

@WillsCharityLaw @CLAtweets only 400 estates pa get business relief >1m. we didn't directly look at interaction, but that caps how many people it could be.

RT @DanNeidle: Lots of over-the-top coverage right now about the £1m cap on inheritance tax agricultural property relief (APR). Quick thre…

The agri relief changes really aren't the end of the road for farming, from Dir of Strategy @NFUtweets agri is only one of the reliefs/exemptions in IHT, and now paying 20% over 10y on the bit above your combined reliefs, only on the share of farm owned by deceased