EXCLUSIVE - Robin Swann on Inheritance Tax: "Rumours must be treated with caution"

South Antrim MP Robin Swann writes on rumours that the Treasury could modify Inheritance Tax by granting full relief up to £5 million where farmland or business assets make up at least 60% of an estate. However, he has urged caution that nothing is final until Chancellor Rachel Reeves announces finer details at the Autumn Budget in November

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Ulster Unionist MP Robin Swann said: "While this does not amount to a complete reversal of what remains an ill-conceived Treasury policy, it would go some way towards easing the financial burden on traditional generational family farm structures, which make up most of Northern Ireland’s farming sector, and shift it instead towards the larger corporations and financial investors who have been driving our family farms out of existence, and who the original tax change was intended to target."
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Ulster Unionist MP Robin Swann said: "While this does not amount to a complete reversal of what remains an ill-conceived Treasury policy, it would go some way towards easing the financial burden on traditional generational family farm structures, which make up most of Northern Ireland’s farming sector, and shift it instead towards the larger corporations and financial investors who have been driving our family farms out of existence, and who the original tax change was intended to target."

Many of us have now heard the rumours that the Government may at last be considering an amendment to its disastrous decision on the family farm Inheritance Tax. This would be very welcome news for so...

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