Labour U-turns on farmer inheritance tax after tractor protests
The raised threshold protects 85% of family farms from inheritance tax, reversing a policy that sparked months of protests and political pressure across the UK.
- The Labour government has increased the inheritance tax threshold for agricultural properties from £1 million to £2.5 million, benefiting many family farms.
- This change allows couples to combine allowances to transfer £5 million of property without tax, responding to protests from farmers.
- Tom Bradshaw, President of the National Farmers Union, stated the move is a "huge relief" but warned many farms still may face financial challenges.
- Critics highlight that despite the concession, asset-rich farmers might still struggle to afford tax bills, risking the viability of their farms.
101 Articles
101 Articles
UK govt to relax farmers inheritance tax after protests
The UK government said Tuesday it will raise inheritance tax thresholds for farmers' estates from £1 million to £2.5 million, signalling a major climbdown of a policy that triggered months of protests.
UK inheritance tax relief threshold to rise
The UK government has confirmed that inheritance tax reliefs for farmers and business owners will increase from April 2026, raising the threshold from £1 million to £2.5 million. The change will allow spouses or civil partners to pass on up to £5 million in qualifying agricultural or business assets before inheritance tax becomes payable. The government announcement was made on December 23… Source
'A welcome decision’: Farmers get inheritance tax boost following months of protests
Farmers across the North East and North Yorkshire will be among those breathing a sigh of relief after the Government revealed it will raise the inheritance tax relief threshold.
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