IHT draft legislation: Thousands of family farms could feel 'devastating' impact if reliefs are taken away

S&W said farmers are now more likely to consider passing their farms on to their children while they are still alive due to IHT

clock • 3 min read
Aloysia Daros, S&W head of landed estates and rural businesses, said: "They [farmers] face paying 20% on the value of the land, regardless of the profits it is making or otherwise. With many farms facing a tough time from rising costs and tight margins, it puts their viability in doubt."
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Aloysia Daros, S&W head of landed estates and rural businesses, said: "They [farmers] face paying 20% on the value of the land, regardless of the profits it is making or otherwise. With many farms facing a tough time from rising costs and tight margins, it puts their viability in doubt."

A reduction in Inheritance Tax relief could have a 'devastating impact' on thousands of family farming businesses across the UK, an accountancy firm has warned. Aloysia Daros, S&W's head of landed estates...

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