M&S Backs Farmers over UK Labour Ministers in Inheritance Tax Row

Families race to beat inheritance tax with cash gifts to children

Number of estates using little-known loophole to soar under Reeves’s rule change

M&S backs farmers over UK Labour ministers in inheritance tax row

A senior executive warns the UK government's planned changes will put young people off farming.

How can farmers use trusts to mitigate the impact of IHT changes?

In light of changes to Inheritance Tax reliefs, trusts have emerged as a viable strategy to manage and protect assets while potentially reducing tax liabilities.

HMRC’s policy paper ‘Inheritance Tax on unused pensions funds and death benefits’

M&S agriculture boss says inheritance tax on farms will deter young people entering industry - Grocery Gazette - Latest Grocery Industry News

Marks and Spencer’s head of agriculture and fisheries has spoken about the new policy to charge inheritance tax on agricultural assets, which will begin in April 2026. Steve McLean told…

M&S backs farmers in row over Labour’s tax plans - Retail Gazette

M&S has warned that upcoming changes to inheritance tax could discourage young people from entering the farming industry, at a time when UK agriculture is already under pressure. From April 2026, inherited agricultural assets worth more than £1 million will be taxed at a rate of 20% — half the usual rate but a significant shift from existing rules. Steve McLean, the high street giant’s head of agriculture and fisheries, told BBC Wales the change…