Changes could see full relief from IHT up to £5m per person (£10m for a married couple) where farmland or business assets form at least 60% of an estate
South Antrim MP Robin Swann writes on rumours that the Treasury could modify Inheritance Tax by granting full relief up to £5 million where farmland or business assets make up at least 60% of an estate. However, he has urged caution that nothing is final until Chancellor Rachel Reeves announces finer details at the Autumn Budget in November
This week from Farmers Guardian readers: Ruth Umpleby discusses the dairy sector and recent milk price reductions
Emma and her family farm in Abergavenny, Monmouthshire, milking 100 pedigree Holsteins and selling raw milk from the farmgate. They also run 300 North Country Mules. Emma is Monmouthshire NFU chair and volunteers with the Royal Agricultural Benevolent Institution
This week from Farmers Guardian editor Katie Jones
The campaign led by Farmers to Action arrived at the Labour Party Conference in Liverpool on Sunday (September 28) to deliver messages from farmers to the Government
Jenny Riddle-Carpenter MP says she will continue to engage with the Government about Inheritance tax which is causing problems in rural areas
Farmers spent weeks preparing to protest outside the Labour Party conference, however, the sentiment appeared to get lost in the sea of other protestors who joined them. Farmers Guardian news and business reporter Mia Willemsen discusses the day
Defra had previously failed to confirm to Farmers Guardian if a meeting had taken place with NFYFC to discuss the possibility of ending discretionary funding for young farmers
Tax Policy Associates' Dan Neidle said Sir Keir had bought a seven acre field in Surrey for his parents to look after rescued donkeys in 1996. Mr Neidle said the field was likely placed in a life-interest trust, and the nature of the tax planning structure had the effect of keeping the field outside his parents’ estate for Inheritance Tax purposes