The NFU said the Government's initial claim that only 27% of farms will be affected by the new IHT policy 'materially underestimates the true proportion'. Their analysis found 'around 75% of commercial family farms will be above the £1 million threshold'
NFU deputy president David Exwood said it was ‘very clear that tenants will be impacted' by the Government's IHT proposals
Secretary of State Steve Reed said some landowners and farms will pay more inheritance tax as a result of the changes, but he said the Government wanted to 'support family farms'
Secretary of State Steve Reed said the roadmap would be focused on making farming and food production 'more profitable in the decades to come', and farmers will tell Government what they need to make a 'success of this vital transition'
Steve Reed told Íæż½ã½ã he was not concerned about a farmers’ strike following the London protests
Baroness Rock has urged the Government to think again, stating it was not too late to change
Secretary of State Steve Reed said: "Assuming these projections from HMRC validated by Office for Budget Responsibility [OBR] and Institute for Fiscal Studies [IFS] are correct, than many of them, probably happily are wrong"
Tenant Íæż½ã½ã Association said they had asked the Treasury if it knew how many APR/BPR claims were made from landlords with multiple tenancies, and was told it could not provide the data
Over 1,500 farmers sent out a clear message to their MPs at the NFU rally, demanding the family farm tax to be stopped and properly consulted on
NFU president Tom Bradshaw said the situation around Inheritance Tax changes will be only be resolved by sitting down with the Chancellor Rachel Reeves ‘but at the moment she is refusing to meet with us'