The National Farmers' Union labeled the policy change "disastrous" and warned that it could decimate rural communities reliant on farming.
Defra expressed frustration about not being properly consulted, as they learned of the policy change only the night before it was announced in the Budget.
The Treasury defended its decision by stating that 40% of agricultural property relief was going to the wealthiest 7% of claimants, making change necessary.
Starting April 2026, farms valued over £1 million will face a 20% inheritance tax rate, substantially affecting roughly 500 claims each year.
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