New Inheritance Tax Rules to Force Farmers to Sell Land, Hampshire Company Warns

New inheritance tax rules to force farmers to sell land, Hampshire company warns

Hampshire’s farmers could lose full access to Agricultural and Business Property Reliefs for assets above £2.5m.

Labour's inheritance tax reforms face legal test as farmers argue unlawful consultation

The UK government is set to defend its inheritance tax raid on agricultural assets and family firms in the High Court this week. The proposed changes to agricultural property relief (APR) and business property relief (BPR) represent one of the biggest shifts in UK inheritance tax (IHT) policy in decades. After a year of protests from farmers, Labour announced a partial U-turn in December, lifting the threshold to £2.5m from £1m, effective April …