What are the inheritance tax changes affecting UK farmers?

The proposed changes to inheritance tax could significantly impact family farms, a critical aspect of UK food security, potentially forcing many farmers to sell.

Labour argues that those with the broadest shoulders—wealthier individuals—should bear a larger share of the tax burden to address the UK's pressing public services issues.

The government claims that only about 500 estates will pay more under the new scheme, but critics argue this assessment overlooks the combined limits of APR and BPR.

Small family farms may struggle due to the new regulations, which restrict inheritance tax relief, thereby threatening their viability and the overall food supply.

Read at www.theguardian.com