MPs Seek Delay on UK Farm Inheritance Tax Reform

A cross-party committee of MPs has urged the UK government to delay proposed inheritance tax reforms on agricultural assets until April 2027, citing insufficient consultation and a lack of impact assessment. The proposed changes would impose a 20% tax on inherited farm assets over £1 million, ending longstanding exemptions and sparking widespread protests among farmers. MPs warn that the rushed introduction of these reforms, combined with the sudden closure of key farming support schemes, has eroded trust and caused significant distress among small family businesses and rural communities. The committee argues a delay is needed to allow proper consultation, policy formulation, and time for farmers to seek professional advice. While the government claims the reforms are necessary and will primarily affect the wealthiest farms, farming groups argue that many more could be impacted and call for alternative schemes to be considered. The committee also stresses the urgent need for clearer communication and measures to rebuild trust between ministers and the farming sector.