Concerns Grow Over Inheritance Tax Changes for Farms

Proposed changes to inheritance tax relief for farmers in the UK, announced by Chancellor Rachel Reeves, are causing significant concern among local farmers and councillors. The reforms will restrict 100% relief on inheritance tax to the first £1 million of combined agricultural and business property, with a 20% tax applied on any amount exceeding that starting from April 2026. Farmers argue that these changes threaten the viability of family farms, with many fearing they may face substantial tax bills that could lead to the sale of their land, disrupting local economies and communities. Protests have erupted across the UK, with the National Farmers Union leading demonstrations to voice opposition to what they describe as a 'cruel tax regime'. Critics, including Conservative councillors, have highlighted that while the government claims the reforms aim to ensure wealthier farms contribute fairly, the reality is that many family farms are already struggling with rising costs. The situation has sparked fears that corporate entities may replace traditional family farms, fundamentally altering the rural landscape and food security in the UK.