UK Softens Inheritance Tax on Farmland
Update: 2025-12-23
Description
UK Government Softens Inheritance Tax Plan for Farmers: A New Threshold of £2.5 MillionThe UK government has revised its proposal to tax inherited farmland, raising the threshold from £1 million to £2.5 million before the 20% inheritance tax applies. This decision comes after months of protests by farmers and opposition from some Labour MPs. The Environment Secretary, Emma Reynolds, states that the change aims to protect family farms while ensuring larger estates contribute more to rural communities. Farmers groups have mixed reactions, with the National Farmers Union welcoming the change and the Country Land and Business Association expressing concerns about businesses with expensive machinery still facing unaffordable taxes. The revised plan brings some relief to Britains countryside, but the debate over fair taxation continues.
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