The number of families set to lose a key inheritance tax relief is projected to quadruple by the end of the decade as more estates breach the £2million threshold.By 2030/31, more than 16,000 estates are expected to exceed…
Labour’s family farm tax must be scrapped entirely despite a higher threshold, the president of the National Farmers’ Union (NFU) has said.Tom Bradshaw criticised the Government’s 20 per cent inheritance tax rate on…
A House of Lords committee has warned that proposed inheritance tax (IHT) reforms risk creating a damaging generational divide between younger and older business owners and farmers.The Economic Affairs Finance Bill…
Philip, 40, had hoped to pass his 204-year-old family farm down to his children (Image: Philip Weston)A 40-year-old farmer from Northamptonshire says Labour’s climbdown from plans to levy inheritance tax on farms worth over…
The personal cost that farming families have endured will not be forgotten following the Government’s climbdown over inheritance tax, the Conservatives have warned.Labour’s watered-down plans will see the relief threshold for…
Tory Shadow Environment Secretary Victoria Atkins said: “I have repeatedly raised, both in the House of Commons and outside of it, the tragic stories shared with me about the human cost of this cruel tax.“Keir Starmer cannot…
It’s likely to be the most brutal Budget in decades. Rachel Reeves promised she wouldn’t repeat last year’s £40 billion Budget tax blitz, but she will. The Chancellor will hit us for at least another £30billion, and possibly…
Rachel Reeves has been slammed for her reported plan to hit savers. The Chancellor is predicted to announce tax hikes as she scrambles to plug a huge hole in the public finances, including pension and inheritance tax (IHT)…
Rachel Reeves has been accused of “preying on the elderly and the ill” ahead of her November Budget next month. Britons are bracing for tax hikes during the Chancellor’s anticipated annual fiscal statement, as Prime Minister…
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