inheritance tax

South Devon MP Caroline Voaden said 85% of farmers in her constituency have told her that they could be affected by IHT changes, with average tax bills starting at £637,000

Will MPs stand up for farmers before legislation receives Royal Assent?

While farming families have had to struggle for months with the consequences of impending taxation reforms, HMRC has praised the role of an analyst who helped ministers bring forward the proposed legislation

Could young farmers walk away from the sector due to IHT?

Defra Secretary Steve Reed said British farming has a bright future, but can Labour overcome IHT's burden on generational family farms?

Law firm Wedlake Bell said Inheritance Tax changes could also penalise vulnerable families and those without the means to undertake complex estate planning

The Government said changes to Inheritance Tax is not expected to have a 'material impact' on food security, contradicting the concerns raised by farmers and the wider industry

The union has urged the Government to look at its alternative clawback solution

Financial advisory firm TBA Wealth Management said there has been a surge in business owners seeking whole of life insurance policies to protect their property or business assets from being sold due to IHT

Latest prices shows values for bare agricultural land fell by 2.3% during the second quarter of 2025, marking a 5.1% decline over the past 12 months