An Inheritance Tax specialist has provided a candid account of the heartbreaking choices and worries farmers across the UK now face with proposed changes to Agricultural Property Relief next year
S&W said farmers are now more likely to consider passing their farms on to their children while they are still alive due to IHT
Farmers have praised President Donald Trump for speaking out against taxing inherited generational family farms
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
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
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
The Government said changes to Inheritance Tax is not expected to have a 'material impact' on food security, contradicting the concerns raised by farmers and the wider industry