Farmers Demand Review of Inheritance Tax Changes Amid Protests

The Farmers’ Union of Wales (FUW) is calling for a Wales-specific analysis of inheritance tax changes after a report revealed that more Welsh farmers could be affected than previously estimated. The report, by the Welsh Affairs Committee, suggests that as many as 200 taxpayers annually in Wales could face inheritance tax on their farming assets due to new rules starting in April 2026, contradicting the UK Government's claims that most farmers would remain unaffected. During a Westminster Hall debate, Labour MP David Smith expressed concerns that the changes could force farmers to sell their properties or incur significant tax liabilities, despite their support for the policy's intent to close tax loopholes for the wealthy. Other MPs echoed these sentiments, arguing that the current threshold for tax liability is too low, potentially jeopardizing family farms and agricultural businesses. Protests from farmers have intensified, with demonstrations in London reflecting widespread discontent with the proposed changes. Overall, there is a growing consensus among farmers and their representatives that adjustments to the inheritance tax policy are necessary to protect the agricultural sector.