In reference to Part 6, Section 48 of the Agriculture (Wales) Bill 2022, what consideration has the Welsh Government given to current and future alignment of the definition for the meaning of agriculture within the context of UK Government tax legislation, for example, capital gains tax relief or inheritance tax?
Answered by Minister for Rural Affairs and North Wales, and Trefnydd | Answered on 13/03/2023
The definition of Agriculture and ancillary activities within the Agriculture (Wales) Bill 2022 applies to this Bill only. Inheritance Tax and Capital Gains Tax are non-devolved issues. My officials are engaging with His Majesty’s Treasury and His Majesty’s Revenue and Customs concerning the proposed Sustainable Farming Scheme.