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Old Today, 01:19 PM #1
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arista arista is offline
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Join Date: May 2006
Posts: 189,295
arista arista is offline
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Join Date: May 2006
Posts: 189,295
Default Labour U-turns on farmer inheritance tax

Just went live on news


https://www.bbc.co.uk/news/articles/c8e9n3y28g1o

[Labour U-turns on farmer inheritance tax
The Labour government has announced
a significant U-turn on its previous
policy regarding inheritance tax for farmers.
The Department for the Environment,
Food and Rural Affairs (DEFRA)
has raised the threshold at
which farming estates will be affected
by inheritance tax from
£1m to £2.5m. This change
means that the number of estates
expected to be affected has fallen
from 375 to 185.
The new policy also allows spouses
and civil partners to pass on estates
and agricultural assets worth up
to £5m before paying tax.
This decision has been met with
relief from many farmers,
who had been protesting against
the original policy,
which they believed would put
some farms out of business.
The changes reflect a shift
in the government's approach
to tax policy, aiming to protect
more ordinary family farms
while still supporting the
agricultural sector.]

Last edited by arista; Today at 06:09 PM.
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