A group of influential MPs on the Efra committee has urged the government to postpone proposed inheritance tax changes impacting farmers until October 2026. This delay aims to provide vulnerable farmers adequate time to seek advice and allows the government to craft better tax policies. The proposed changes, which would tax agricultural properties after years of exemption, have faced backlash, with farmers protesting against the sudden implementation. Committee members stressed the need for consultation to safeguard small family farms, highlighting the absence of proper impact assessments for the announced changes.
The Efra committee has urged the government to delay proposed changes to inheritance tax for farmers, advocating for more time to formulate effective policies.
MPs expressed concerns that the sudden changes to inheritance tax, aimed at closing a loophole, were made without proper consultation or assessment.
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