Farmers Rally Against Budget Inheritance Tax Changes Impacting Thousands of UK Farms
Farmers are mobilizing in protest against new inheritance tax changes set to impact agricultural assets in the UK. Starting April 2026, farms valued over £1 million will incur a 20% inheritance tax, affecting an estimated 500 estates yearly, although some claim up to 70,000 farms could ultimately be impacted. Experts caution that only the wealthiest estates will likely be subject to the tax, raising questions about food security and the financial wellbeing of family-run farms. The changes are expected to generate £230 million in tax revenues by 2026-27.