Inheritance tax crackdown will not spark family farm firesale, study finds Wealth Most farmers will be able to shoulder the inheritance tax bill foisted on them by the Treasury at last autumn’s Budget without having to sell their family farm, according to a fresh analysis which also proposed new ways the reforms could be “better targeted.” The paper, from independent tax think tank the Centre for the [...]
Record number of farms shut after inheritance tax grab Politics A record number of farms closed in the year after the government announced it was ending a carve out that allowed farmers to pass down their estates without paying inheritance tax. According to official data, 6,365 agriculture, forestry and fishing businesses have shuttered over the past year, the highest number since the data started being [...]
Labour’s not for turning but the Inheritance Tax battle will rumble on Politics Civil servants and politicians could not believe their eyes. As the hoarse grumble of diesel motors thundered along Whitehall, a fleet of tractors descended onto Parliament Square, heralded by a cacophony of honks to the tune of Aqua’s Barbie Girl. Beginning in November, farmers marched to Westminster to protest the government’s inheritance tax (IHT) reforms. [...]
MPs demand changes to inheritance tax raid on farms May 16, 2025 Plans to levy inheritance tax on farmland threaten the future of British agriculture and should be paused while its ill effects are properly examined, an influential committee of MPs has said. In a damning report on the state of British farming, the Environment, Food and Rural Affairs (EFRA) Committee argued there was a “considerable risk” [...]
‘We will not give in’: Farmer tax fury is not going away February 26, 2025 Gripping his lectern on stage in Birmingham, Keir Starmer was attempting to win over the ever-sceptical delegates at the National Farmers’ Union congress. The then-leader of the opposition told attendees of the 2023 iteration of the annual jamboree that he understood their pain, and promised to reset government relations with farming were he fortunate enough [...]