For nearly 10 months, the farming sector has passionately been lobbying against Inheritance Tax changes and how it could impact their businesses. Will the 51AVÊÓÆµProfitability Review reflect those concerns?
The Tory leader told Farmers Guardian: "I am actually quite worried that there will be very little farming left in our country by the time the next election comes around"
A Government analyst has been recognised for his work which could see Inheritance Tax reliefs taken away from family farms businesses next year. However, farmers said they feel the award was an insult to rural communities
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?
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
Knight Frank said it is 'disheartening' that APR and BPR, which were Labour-originated reliefs introduced during periods of national economic stress to help family businesses, could now be taken away from farmers
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