The article discusses how new calculations have revealed that the government's estimates regarding the inheritance tax hike affecting family farms are substantially underestimated. While the government claims only 520 farms yearly will be impacted, new figures suggest that in Wales alone, the number could reach 200. This revelation has prompted protests from farmers and warnings from officials like Jeremy Moody, who advocates for a reassessment. Meanwhile, major retailers are calling for a halt to the proposed tax changes, indicating widespread concern over the divisive policy's implications for farmers.
The government’s claims regarding the family farm tax have been undermined by new calculations, revealing a much larger portion of farmers affected than previously estimated.
Jeremy Moody emphasized that the official estimate fails to accurately represent the impact of the inheritance tax hike on Welsh farmers, urging for reassessment in light of new evidence.
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