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Reeves facing fresh pressure to axe farm inheritance tax changes in Budget
Farmers warn a 20% inheritance tax on farms over £1 million risks forcing sales and halting investment amid volatile incomes and rising costs, NFU president said.
- The Chancellor's plans to introduce a 20% rate on agricultural land and businesses worth more than £1 million have become a political flashpoint for the farming sector.
- Family farms across the UK are halting investment or anticipating having to sell parts or all of their farm to pay an inheritance tax bill, warned NFU president Tom Bradshaw.
- Bradshaw said the Chancellor has the chance 'to do right by Britain's farmers and rethink the family farm tax' at the Budget on Wednesday.
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Property tax: Rachel Reeves’s Budget options as she hunts for billions
With Labour’s Budget imminent, the chancellor faces a £22bn hole and a narrowing set of promises on tax. Property, long the quiet corner of the system, may finally be in her sights. Here Sean O’Grady and Albert Toth analyse the options available to Reeves
·London, United Kingdom
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Coverage Details
Total News Sources31
Leaning Left3Leaning Right0Center21Last UpdatedBias Distribution87% Center
Bias Distribution
- 87% of the sources are Center
87% Center
13%
C 87%
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