Following the recent Budget announcement, UK farmers are raising concerns over new inheritance tax rules affecting agricultural assets. From April 2026, inherited assets over £1 million will incur a 20% tax. Estimates suggest that while around 70,000 farms could eventually qualify, only about 500 will be impacted annually. Experts argue that these changes will mainly affect the wealthiest estates, with most farms remaining exempt. The Treasury projects significant revenue from these changes, but uncertainty remains regarding actual income.