Debate Intensifies Over New Inheritance Tax Plans for UK Farmers
The UK government’s recent budget proposal to introduce inheritance tax on agricultural assets over £1 million has sparked heated discussions among farmers and government officials. Farmers’ groups claim the changes could affect up to 70,000 farms, while government estimates suggest around 500 estates may be impacted annually. The accuracy of data from various sources, including the Department for Environment, Food & Rural Affairs (Defra), is under scrutiny as stakeholders debate how many farms truly fall within these new tax regulations.