NFU Scotland said UK Government must 'pause, consult and reconsider' APR and BPR changes to avoid the decline of farm business and rural communities
The Government published draft Inheritance Tax legislation this week. Law firm Birketts digests the major takeaways
The employee had reportedly liked a LinkedIn post from an HMRC analyst who was 'proud' to have been recognised by Government for his work which could reform Inheritance Tax in agriculture
The farming sector has warned it now faces an uphill battle for survival
A Government analyst has been recognised for his work which could see Inheritance Tax reliefs taken away from family farms businesses next year. However, farmers said they feel the award was an insult to rural communities
Will MPs stand up for farmers before legislation receives Royal Assent?
Could young farmers walk away from the sector due to IHT?
Defra Secretary Steve Reed said British farming has a bright future, but can Labour overcome IHT's burden on generational family farms?
Law firm Wedlake Bell said Inheritance Tax changes could also penalise vulnerable families and those without the means to undertake complex estate planning
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