Government waters down farm inheritance tax plan
Source: BBC
Government proposals to tax inherited farmland have been watered down, with the planned threshold increasing from £1m to £2.5m.The climbdown follows months of protests by farmers and concern from some Labour backbenchers.At last year's Budget, ministers said they would start imposing a 20% tax on inherited agricultural assets worth more than £1m from April 2026.Environment Secretary Emma Reynolds said: "We have…
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