51AVÊÓƵ

This week's opinion from throughout the world of agriculture: James Farrell, head of rural consultancy, Knight Frank

The Government published draft Inheritance Tax legislation this week. Law firm Birketts digests the major takeaways

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

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

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