A Conservative peer has suggested reforms to legislation and taxation relating to rural landlords and the letting of land. Opening a debate which lasted just over an hour, Baroness Rock said the tenanted sector of agriculture is adversely affected by short-term thinking, but the Tenant Farmers Association (TFA) has put forward tax changes to address this, and the Government should look at these.

The management of assets such as money, investments, land or buildings in relation to inheritance tax (IHT) are in the spotlight as a result of the death of the Duke of Westminster.