Daniel Zeichner emphasized the necessity of new inheritance tax proposals, asserting that only under 500 farms may be affected annually, contrary to NFU statements.
The NFU contends that the government's announcement reveals a significant misunderstanding of farming, warning that many families could be deeply impacted by this change.
The farming minister urged farmers to examine the details, suggesting that many will discover their concerns are misplaced, highlighting unique situations across different farms.
Starting April 2026, farmland valued over 1 million will incur a 50% inheritance tax, a drastic shift in policy that has stirred considerable unrest among farmers.
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