US EditionWater down farm tax raid, think tank tells Reeves
- The National Farmers Union warned that tax reforms could split family farms, as many are cash-poor despite land value, with proposed caps on Agricultural Property Relief and Business Property Relief affecting farmers more than wealthy landowners.
- CenTax reported that 67% of mixed tenure estates and 45% of owner-farmer estates would be affected by the tax changes, highlighting that working farmers face more impact than wealthy landowners.
- Concerns about high inflation and low growth persist, with Peter Matejic noting that rising prices and stagnant wages are harming families, as Chancellor Rachel Reeves' policies drain economic confidence.
- Ministers plan to impose a new cap on those eligible for full Agricultural Property Relief and Business Property Relief, aiming to reform tax policies on farms.
5 Articles
5 Articles
UK analysts and NFU call for farm tax reform
More tax analysts have joined the NFU in calling for changes to the UK's family farm inheritance tax rules, following a new report by the Centre for the Analysis of Taxation (CenTax). The report is the first public impact assessment using HMRC data on proposed reforms to Agricultural Property Relief…
Farmers seek meeting with Rachel Reeves over inheritance tax reforms
The National Farmers’ Union (NFU) has requested a meeting with chancellor Rachel Reeves to discuss amendments to Labour’s planned inheritance tax reforms, following fresh analysis suggesting the changes could disproportionately impact working family farms. From April, farms and other agricultural property will be brought into inheritance tax rules under Labour’s plan to raise revenue for public services and close a loophole used by some wealthy …
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