Farmers Condemn Government's Refusal to Revise Inheritance Tax Policy
Farming groups warn of severe financial and social impacts from the upcoming 20% inheritance tax on farms valued over £1 million.
- The UK government confirmed it will not alter its planned 20% inheritance tax on farms worth more than £1 million, set to take effect in 2026.
- Farmers' representatives proposed taxing inherited farms only upon their sale to ease financial burdens, but this was rejected by ministers.
- Critics argue the tax will dismantle family farms, harm food security, and exacerbate mental health challenges among older farmers.
- The National Farmers Union (NFU) and other rural groups have organized protests, including tractor blockades, to oppose the policy.
- Government officials defend the tax as a fair reform, claiming it will impact only a minority of estates and allow payments to be spread over ten years interest-free.