Calls to Delay Changes to Damaging Farm Tax

Environment Secretary Gives Farmers Advice on How to Avoid His Own New Tax

Defra secretary Steve Reed has been taking calls from punters on LBC just now. One asked him why his department chose to “out of hand reject the NFU and CLA’s clawback proposal on inheritance tax.” That imperfect proposal would broadly exempt generational active farms from IHT and claw back the exemption in the case of a future sale… Reed rattled off the usual Labour line about finding “£22 billion missing” when it came into government and had t…

Calls to delay changes to damaging farm tax

Ed Harrison, 27, is a rare and native breed farmer near Carlisle, and he is among the current crop of NFU student and young farmer ambassadors.  He says farming is a profession like no other, but one fraught with unprecedented challenges.

17,000 jobs at risk across the East Midlands as family businesses and farms respond to inheritance tax change

More than 17,000 jobs could go across the East Midlands as the owners of family businesses and farms respond to changes in inheritance tax announced in last year’s Budget.

Almost 22,000 jobs at risk across the West Midlands as family businesses and farms respond to inheritance tax change

Almost 22,000 jobs could go across the West Midlands as the owners of family businesses and farms respond to changes in inheritance tax announced in last year’s Budget.

Labour’s farm tax reforms could cost Treasury £2bn, report warns

Rachel Reeves’s planned overhaul of inheritance tax reliefs for farmers and family businesses could end up costing the Treasury nearly £2 billion by 2030, rather than raising revenue as intended, a new analysis has warned. Reforms to Business Property Relief (BPR) and Agricultural Property Relief (APR), set to come into force in April, were projected to generate £1.8 billion by the end of the decade. However, modelling by CBI Economics, commissi…

Rachel Reeves' inheritance tax raid 'to cost 200,000 jobs in next five years'

The Autumn Budget last year introduced sweeping changes to business and agricultural property relief, with a new study warning the move could cost 200,000 jobs