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 [...]
Wheat and see: Farmers fear trade deal impact on bioethanol and beef markets Economics Ministers and commentators heralded the UK’s trade deal with the United States as a political coup that will save thousands of jobs at British automakers. But changes to beef and bioethanol trade rules have left an already bruised agricultural sector fearing the worst, writes Ali Lyon. When he’s not slavishly editing clips for the hundreds [...]