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IHT draft legislation: 'This is a tax on resilience, succession and viability'

Knight Frank said it is 'disheartening' that APR and BPR, which were Labour-originated reliefs introduced during periods of national economic stress to help family businesses, could now be taken away from farmers

Chris Brayford

22 July 2025 鈥� 3 min read

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James Farrell, head of rural consultancy at Knight Frank, said: "At a time when the sector is already struggling, due to rising costs, labour shortages, and policy volatility this legislation risks being the final straw for some."

Farmers have claimed Labour has turned its back on farming and rural communities with plans to progress Inheritance Tax reforms on family farm businesses next year. On Monday (July 21), the Government...

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