The Office for Budget Responsibility (OBR) has released further information on costings for the Inheritance Tax policy proposed in the Autumn Budget
Victoria Atkins said the Chancellor's proposed changes to Inheritance Tax for farms was aimed at breaking a 'careful tax policy' which protected family farms
The Scottish Government's figures were collected for local authorities in Aberdeenshire, Angus, Moray and the Highlands during 2022 and 2024
CAAV secretary and adviser Jeremy Moody said: "Our calculations point to the first decade of the proposed policy ending with 89,500 farming taxpayers liable for Inheritance Tax on their farm assets"
In today's Farming in Five, Chief Reporter Rachael Brown reports on the criticism made by Tenant Íæż½ã½ã Association towards Treasury Ministers, accusing them of political stonewalling against any consideration of 'reasonable' amendments to the proposed changes to APR and BPR. Íæż½ã½ã’s campaign to save Britain's family farms from Inheritance Tax changes will feature heavily at this year’s LAMMA show
Íæż½ã½ã in Yorkshire vow to continue fight to stop Labour's family farm tax
Description: In today's Farming in Five, Chief Reporter Rachael Brown reflects on calls from the British Society of Animal Science to consider the ‘social licence’ aspect in the adoption of methane reducing feed additive Bovaer here in the UK. She reports on a young farmer who brought her heifer calf to Westminster to hand deliver a petition to Government over concerns with Inheritance Tax proposals
"We are calling on the Chancellor to meet and run a formal consultation, to find a solution that will protect the long-term interests of family businesses and farms and, crucially the jobs and investment they provide"
Howes Percival partner Stuart Maggs, said it was ‘disingenuous' to suggest the only people impacted by this policy are the ones having to pay tax, highlighting many farmers who will spend ‘thousands if not tens of thousands' on legal fees in response to the policy change