NFU Scotland president Martin Kennedy on the family farm tax: "The UK Government is completely missing the target"

"Not only is this figure wrong as it was based on a snapshot of 2021 data and values have now considerably changed, but it is also disingenuous on the UK Government to say only 500 (farms) are affected"

clock • 5 min read
Martin Kennedy, NFU Scotland president: "What really sticks in the craw is this proposed tax changes from the UK Government will only generate an estimated £500m per annum – ironically, the same amount that's given overseas in agricultural aid."
Image:

Martin Kennedy, NFU Scotland president: "What really sticks in the craw is this proposed tax changes from the UK Government will only generate an estimated £500m per annum – ironically, the same amount that's given overseas in agricultural aid."

The UK Government's recent Autumn Budget where full relief for Inheritance Tax in agriculture will be discontinued has caused more concern amongst farmers across the UK than I have seen in decades and...

To continue reading...

Already a member? Login for full access.

Login

New to Farmers Guardian? Register for 1 free article per week or become a member for unlimited access to essential farming news and insights.

article-img-580x358

 

2025 RHINO 4 TON ZERO SWING EXCAVATOR

2025 RHINO 4 TON ZERO SWING EXCAVATOR

VIEW ADVERT
£POA

2020 MCCONNEL PA4330 HEDGE/VERGE CUTTER

2020 MCCONNEL PA4330 HEDGE/VERGE CUTTER

VIEW ADVERT
£POA

2021 JCB 50Z-2 EXCAVATOR

2021 JCB 50Z-2 EXCAVATOR

VIEW ADVERT
£POA

More on Farm Business

Arla issues caution on milk prices as it reports 'as expected' mid-year results

Arla issues caution on milk prices as it reports 'as expected' mid-year results

UK net revenue grew by 9%, the equivalent of £108m for the first six months of the year despite geopolitical uncertainty and higher dairy commodity prices

clock 28 August 2025 • 2 min read
Tesco to offer financial incentives for farmers achieving environmental goals

Tesco to offer financial incentives for farmers achieving environmental goals

Dairy farmers can earn up to an extra 2.5ppl if they meet key targets

Alex Black
clock 28 August 2025 • 2 min read
Inheritance Tax: Will the Government crack down further on gifting exemptions?

Inheritance Tax: Will the Government crack down further on gifting exemptions?

The ‘gifts out of normal expenditure’ is one of the most valuable but least known Inheritance Tax exemptions, according to NFU Mutual

clock 28 August 2025 • 2 min read