UK Doubles Inheritance Tax Threshold for Farmers
Update: 2025-12-23
Description
The UK government has reversed its stance on inheritance tax for farmers, doubling the relief threshold from one million pounds to two point five million pounds per person. This move, led by Prime Minister Sir Keir Starmer, scraps unpopular rules from last years budget and allows couples with family farms worth up to five million pounds to pass them on tax-free. The National Farmers Union praises the decision, citing constructive meetings with the PM and massive protests. Critics argue its only partial relief and comes too late for some businesses. The debate over fair farming taxes continues.
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