US EditionBuilders Merchants in the Midlands Among Hardest Hit by Tax Change
- The Horticultural Trades Association and other trade bodies warn that proposed UK Inheritance Tax relief changes will cause major economic harm by 2030.
- These reforms aim to increase tax revenues but result from government proposals that risk reducing investment, jobs, and sector growth, contradicting stated objectives.
- An independent economic analysis forecasts losses of £36 million in tax revenue, £60 million in horticultural sector value, and nearly 1,300 direct full-time jobs at risk.
- HTA Chief Executive Fran Barnes stated that the study clearly demonstrates the government's planned Inheritance Tax reforms will result in negative outcomes for all parties involved.
- The HTA calls on the government to reconsider, emphasizing the horticultural sector's vital role in delivering environmental benefits and underpinning the green economy.
16 Articles
16 Articles
Receiving an inheritance can become a huge problem if not planned properly: "There are six of us siblings, we received an inheritance, houses and so on, and each of us had to pay something like one hundred thousand euros," confessed Josefa, who was joined by Agustín: "I would have to sell my properties badly to pay the inheritance tax." Agustín added: "I don't have 300,000 euros in my bank account waiting for the death of a relative. We don't ha…
Why your business’s value might fall before the tax rules change
Big changes are coming in April 2026, but many family businesses are already feeling the effects. The Government’s decision to reduce Business Property Relief (BPR) and Agricultural Property Relief (APR) by half might sound like a future problem, but it is already changing behaviour, and not in a good way. Technically, these changes are part of the Inheritance Tax (IHT) regime. Practically, they are creating immediate consequences for business o…
In terms of life insurance, the timing of payments can have a significant impact on the tax cost of the transfer. After 70 years, the discount falls, and the beneficiaries risk paying much more inheritance taxes. Yet, it's still time to act. By adjusting your strategies, diversifying your contracts or anticipating your payments, you can ease the tax while securing your assets. Better understanding the rules, it's giving you the opportunity to pa…
Estate Tax Repeal Pending in Congress Raises Debate Over Charity, Wealth Gap
A proposed repeal of the federal estate tax has advocates arguing about whether it would be a long-overdue fix for small business owners and farmers, or an unnecessary move widening the gap between the haves and have-nots even further.
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