“We’re a group of four holiday parks, we employ just under 30 people,” Mr James said.
“With the current situation the way it is, then probably two of the parks would have to be sold in order to cover the tax liability which would mean that they wouldn’t be family-owned parks.
“We don’t know what would happen to them but they wouldn’t be run the same, they probably wouldn’t employ the same people as they do now.
“It would mean almost certainly job losses and cutbacks if corporates came in and took over”.
A spokesperson for HM Treasury said: “Most estates claiming Agricultural and Business Property Reliefs will be unaffected by the changes.
“The latest data shows that over half of Business Property Relief, worth £553m, goes to the wealthiest 4% of estates.
“The money raised [by the tax changes] will go towards public services we all rely on every day instead.”
