- 13/01/2026
- Posted by: Valerie Vaz MP
- Category: News
After MPs considered the Bill at Second Reading on Tuesday 16 December 2025, it was agreed that a number of clauses would be committed to a Committee of the whole House on Monday 12 and Tuesday 13 January 2026. The House considers the Bill in the same way as a Public Bill Committee, but does not take evidence.
The following clauses and amendments were selected for debate and votes: the House sat late on Monday and as I was chairing in Westminster Hall debates on Tuesday, the sitting there had to be suspended so that voting can take place.
New Clause 12, requiring the Secretary of State to publish an assessment of the impact of imposing new rates of income tax on property income, was rejected: Ayes 167, Noes 350.
Clause 10, setting the basic rate limit and personal allowance for tax years 2028-29 to 2030-31, passed: Ayes 324, Noes 180.
Clause 62, limiting agricultural property relief and business property relief, and extending inheritance tax to overseas property, passed: Ayes 344, Noes 181.
Amendment 3, which would remove the transition period in respect of the changes to agricultural property and business property relief and delay the implementation date so that the changes would take effect for transfers made after 1 March 2027, was rejected: Ayes 185, Noes 344.
New Clause 7 which would require the Chancellor to undertake and publish an assessment of the potential merits of uprating annually the relief allowance amount for agricultural property by the change in the value of agricultural land within six months of the passing of this Act, was rejected: Ayes 188, Noes 341.
Clause 63 which treats a registered pension scheme, a qualifying non-UK pension scheme or an occupational pension scheme for those whose employers carry out business wholly or partly outside the UK as part of taxable estate, passed: Ayes 348, Noes 167.
New Clause 24, which would require HMRC to publish comprehensive guidance on the implementation of sections 63 to 68 and establish a dedicated helpline for enquiries relating to inheritance tax on pension interests, was rejected: Ayes 184, Noes 331.
New Clause 25, which would require the Chancellor to make a statement about the effects of the increase in gambling duties, was rejected: Ayes 187, Noes 351.
Clause 86, concerning rates of duty, passed: Ayes 344, Noes 173.
New Clause 9, which would require the Chancellor of the Exchequer to assess and report on the cumulative impact on the hospitality sector of alcohol duty measures in the Act alongside wider fiscal changes, including employer National Insurance contributions and business rates, was rejected: Ayes 181, Noes 335.
New Clause 26, which would require the Chancellor to make a statement about the effects of the increase in alcohol duty, was rejected: Ayes 172, Noes 334.
The remainder of the Bill; Clauses 1 to 10, 62 to 69 and 83 to 86 and Schedules 1, 2, 12 and 13 will be committed to a Public Bill Committee. Proceedings in the Public Bill Committee will be brought to a conclusion on Thursday 26 February 2026.