{"id":6224,"date":"2025-12-23T12:43:52","date_gmt":"2025-12-23T12:43:52","guid":{"rendered":"https:\/\/microvibenews.com\/?p=6224"},"modified":"2025-12-23T12:43:52","modified_gmt":"2025-12-23T12:43:52","slug":"government-waters-down-farm-inheritance-tax-plan","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=6224","title":{"rendered":"Government waters down farm inheritance tax plan"},"content":{"rendered":"

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Government proposals to tax inherited farmland have been watered down, with the planned threshold increasing from \u00a31m to \u00a32.5m.<\/p>\n

The climbdown follows months of protests by farmers and concern from some Labour backbenchers.<\/p>\n

At last year’s Budget, ministers said they would start imposing a 20% tax on inherited agricultural assets worth more than \u00a31m from April 2026.<\/p>\n

Environment Secretary Emma Reynolds said: “We have listened closely to farmers across the country and we are making changes today to protect more ordinary family farms.”<\/p>\n<\/div>\n

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“It’s only right that larger estates contribute more, while we back the farms and trading businesses that are the backbone of Britain’s rural communities.”<\/p>\n

Head of the National Farmers’ Union Tom Bradshaw welcomed the change, telling BBC Radio 5 Live it “takes out many family farms from the eye of pernicious storm”.<\/p>\n

Gavin Lane, President of the Country Land and Business Association, said: “The government deserves credit for recognising the flaws in the original policy and changing course.<\/p>\n

“However, this announcement only limits the damage – it doesn’t eradicate it entirely. <\/p>\n

“Many family businesses will own enough expensive machinery and land to be valued above the threshold, yet still operate on such narrow profit margins that this tax burden remains unaffordable.”<\/p>\n<\/div>\n

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In the 14 months since the initial proposal was announced, there have been regular protests by farmers outside Parliament. <\/p>\n

Some Labour MPs in rural areas have also expressed concern. At a recent parliamentary vote on the plan, a dozen backbenchers abstained and one, Markus Campbell-Savours, voted against.<\/p>\n

Campbell-Savours was subsequently suspended for voting against the government, meaning he now sits as an independent MP.<\/p>\n<\/div>\n

#Government #waters #farm #inheritance #tax #plan<\/p>\n","protected":false},"excerpt":{"rendered":"

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