Why Government Climbdown on Inheritance Tax Finally Gives Farmers some Christmas Cheer

Why government climbdown on inheritance tax finally gives farmers some Christmas cheer

The lesson here surely must be that the government should listen to farmers and the wider rural community

Inheritance tax U-turn 'early Christmas present' for farmers but Labour accused of 'not going far enough'

The Labour Government's inheritance tax (IHT) U-turn has been hailed as an "early Christmas present" for farmers with the HM Revenue and Customs' (HMRC) levy's threshold to be raised from £1million to £2.5million.Ministers have confirmed the revised tax policy, which is set to take effect from April6 in the new year, will be formally introduced to Parliament through the Finance Bill in January.Under the new provisions, spouses and civil partners…

MPs and farmers react to government climbdown on inheritance tax relief

Politicians across Buckinghamshire have welcomed and criticised a government climbdown on proposed changes to inheritance tax relief for farmers.

Welsh Labour accused after farm tax climbdown

Welsh Labour has been accused of “sitting on their hands” while farmers forced a UK Government U-turn on inheritance tax changes affecting agricultural land, following months of protests and pressure from rural communities. Shadow Rural Affairs Secretary Sam Kurtz, said Labour MPs in Wales had backed the controversial reforms when it mattered, only to welcome […]

Government farm tax climbdown - York MPs and political group react

It comes after an announcement yesterday by the Department for Environment, Food and Rural Affairs that from the start of the next tax year, the farm inheritance tax relief threshold will increase from £1 million to £2.5 million.

Britain scales back inheritance tax plan for farmers

Britain scales back inheritance tax plan for farmers Higher relief threshold eases pressure after protests