Labour urged to give farmers 12-month amnesty over inheritance tax raid

Labour urged to give farmers 12-month amnesty over inheritance tax raid

New petition calls for 12-month amnesty amid fears elderly farmers are being pushed to the brink of suicide.

ICAEW warns IHT reforms could burden elderly business owners

The Institute of Chartered Accountants in England and Wales (ICAEW) has raised concerns over the government’s proposed inheritance tax (IHT) reforms, which aim to cap reliefs at £1m ($1.33m).   According to the professional membership organisation, these changes could disproportionately affect elderly business owners and farmers, especially those in poor health, by imposing unforeseen tax liabilities.  The ICAEW’s response to the government cons…

“Unfair” inheritance tax plans greater hardship for elderly business owners, ICAEW says