How the ‘tractor tax’ became a problem for Rachel Reeves
Trending News
2 months ago

How the ‘tractor tax’ became a problem for Rachel Reeves

The Independent  

Rachel Reeves is caught in the crosshairs of a piece of alliteration that threatens to unravel part of her Budget: the “tractor tax”. If you have a sizeable enough investment portfolio to pass on – or even just a modest house in London or South East England – a bequest to anyone other than your spouse or civil partner will be subject to inheritance tax at 40 per cent, above a £325,000 threshold. Having identified a £22bn black hole in Britain’s public finances, Reeves had little choice but to raise raise taxes, before one even considers the nation’s increasingly shabby public services. But with the “tractor tax”, she has created a nasty political headache for herself and for a new government that has proved itself remarkably error-prone.

History of this topic

Farming chief calls for pause on ‘disastrous’ tractor tax in latest blow to Starmer over controversial change
Trending News
1 week, 4 days ago
UK’s top union leader turns on Starmer over impact of family farm tax
2 weeks ago
Why the tractor tax will bankrupt families like mine
2 weeks, 2 days ago
Reeves’s build for growth strategy in doubt because of impact of inheritance tax changes
3 weeks, 4 days ago
New ‘Tractor tax’ blow to Starmer as Labour expert calls for government U-turn
3 weeks, 6 days ago
Labour MP branded 'completely ignorant' for claiming it's 'quite hard to find a poor farmer' amid fresh protests over Rachel Reeves' tax raid
4 weeks, 2 days ago
Farm tax changes under fire in Parliament as angry farmers protest outside
4 weeks, 2 days ago
Opposition growing to family farm tax ahead of major protest in London
1 month ago
Kirstie Allsopp's inheritance tax nightmare
1 month ago
Labour tax U-turn? Rachel Reeves refuses to rule out more rises despite CBI pledge
1 month, 1 week ago
Farmers will fight 'for as long as it takes' to halt Rachel Reeves's inheritance tax raid, union president warns
1 month, 1 week ago
Starmer may be ‘softening’ on Labour’s ‘tractor tax’, NFU president claims
1 month, 2 weeks ago
Reeves’s inheritance tax raid ‘hits farmers harder than tax avoiders’
1 month, 2 weeks ago
BBC Question Time audience member enrages farmers by saying he wants to play 'the world's smallest violin' for those hit by Keir Starmer's inheritance tax grab
1 month, 2 weeks ago
Reeves denies claims she is about to exempt over-80s from family farm tax
1 month, 2 weeks ago
Farmers should shut up and muck in – for the greater good
1 month, 2 weeks ago
Labour is losing the PR battle over the ‘tractor tax’
1 month, 3 weeks ago
BBC's Victoria Derbyshire clashes with Labour minister as he urges farmers to 'find out how inheritance tax works' if they are 'anxious' about budget
1 month, 3 weeks ago
Ailbhe Rea: Farmers Descend on Westminster
1 month, 3 weeks ago
British farmers protest against ‘tractor tax’ on inheritance
1 month, 3 weeks ago
Rachel Reeves’s flawed inheritance tax for farmers demands a rethink
1 month, 3 weeks ago
Government confusion over how many farms will be hit by controversial tractor tax
1 month, 4 weeks ago
Reeves accused of business ‘betrayal’ as top bank warns over tax hikes
1 month, 4 weeks ago
Sainsbury's boss backs Britain's farmers as he warns Chancellor Rachel Reeves' inheritance tax raid threatens UK food security
Trending News
2 months ago
Rachel Reeves rejects alternative for ‘cruel’ family farm tax
2 months ago
Labour accused of ‘traumatising’ farmers in inheritance tax raid amid warning over mental health crisis
Trending News
2 months ago
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2 months ago
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2 months ago
We face a £1m tax bill when my parents die – we don’t have that kind of money
2 months ago
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2 months ago
James Dyson condemns Rachel Reeves’s Budget ‘tractor tax’ as ‘spiteful’
2 months, 1 week ago
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2 months, 1 week ago
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2 months, 1 week ago
Rachel Reeves is warned a generation could abandon farming as she defends Budget inheritance raid
2 months, 1 week ago
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2 months, 1 week ago
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2 months, 1 week ago
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2 months, 1 week ago
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2 months, 1 week ago
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2 months, 1 week ago
Taxes 'are going to be high for 10 years'... and Rachel Reeves may have to come back for more, warns think-tank
2 months, 1 week ago
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2 months, 1 week ago
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2 months, 1 week ago
Rachel Reeves admits tax hikes will hit working people as IFS accuses chancellor of ‘undermining trust’
2 months, 1 week ago
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2 months, 1 week ago
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2 months, 1 week ago
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2 months, 1 week ago
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