Loophole used by super rich to avoid tractor tax unavailable to family farms
3 months, 2 weeks ago

Loophole used by super rich to avoid tractor tax unavailable to family farms

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Most family farms will not be able to benefit from a loophole that is used by the super rich to avoid inheritance tax, meaning smaller estates are likely to be hit especially hard by the government’s tax raid. open image in gallery Hundreds of farmers arrive in Westminster to protest the inheritance tax changes Stuart Maggs, a tax lawyer at Howes Percival, told the Environment, Food and Rural Affairs Committee that it means family farm owners simply cannot plan for the inheritance tax changes. “So farms are going to have to sell land or sell up and its going to happen a lot.” open image in gallery Nigel Farage joining farmers at the latest tractor tax protest It comes hundreds of farmers arrive in Westminster to protest the inheritance tax changes for the second time. Last month, around 13,000 people rallied in London against the changes to inheritance tax outlined in Rachel Reeves’s Budget which will see farmers paying a 20 per cent levy on agricultural assets worth more than £1m - half the usual death duty rate of 40 per cent, having previously been exempt.

History of this topic

Why are Britain’s farmers protesting over Labour’s inheritance tax changes?
3 weeks, 4 days ago
Government urged to ‘do right thing’ over inheritance tax for reset with farmers
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1 month ago
Brexit divisions among farmers are endangering fight against Reeves’ tractor tax
1 month, 2 weeks ago
‘If the farmers continue, they’ll win’: Hundreds of tractors descend on Westminster in latest tax protest
1 month, 2 weeks ago
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Every major supermarket turns on Starmer over tractor tax
1 month, 3 weeks ago
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1 month, 4 weeks ago
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2 months ago
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2 months, 4 weeks ago
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3 months ago
Keir Starmer reveals the real reason for his ‘family farm tax’ in grilling by senior MPs
3 months, 1 week ago
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3 months, 2 weeks 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
3 months, 2 weeks ago
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3 months, 2 weeks ago
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3 months, 2 weeks ago
Farmers will fight 'for as long as it takes' to halt Rachel Reeves's inheritance tax raid, union president warns
3 months, 3 weeks ago
PM: Government is ‘for farmers’ and most will be unaffected by tax change
4 months ago
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4 months ago
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4 months ago
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4 months, 1 week ago
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4 months, 1 week ago
Farmers should shut up and muck in – for the greater good
4 months, 1 week ago
Angela Rayner refuses to rule out further increases to inheritance tax on farmers
4 months, 1 week ago
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4 months, 1 week ago
Farmers protest in central London over tax changes
4 months, 1 week ago
Many farmers ‘wrong’ about inheritance tax change, Environment Secretary says
4 months, 1 week ago
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4 months, 1 week ago
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4 months, 1 week ago
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4 months, 1 week ago
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4 months, 1 week ago
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4 months, 1 week ago
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4 months, 1 week ago
Labour peer says Keir Starmer's inheritance tax raid on family farms 'smells of incompetence' and is hammering the party's rural support as ministers brace for London protest
4 months, 1 week ago
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4 months, 2 weeks ago
Inheritance tax reforms having ‘chilling effect’ on Scottish farming – Swinney
4 months, 2 weeks ago
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4 months, 2 weeks ago
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4 months, 2 weeks ago
Labour's controversial changes to inheritance tax could impact more than 100,000 farms, Tories say
4 months, 2 weeks ago
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4 months, 3 weeks ago
Labour accused of ‘traumatising’ farmers in inheritance tax raid amid warning over mental health crisis
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4 months, 3 weeks ago
Furious farmers plot to withhold food to cause shortages on supermarket shelves and warn 'we're only four meals from anarchy' amid outrage at Rachel Reeves' inheritance tax raid
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4 months, 3 weeks ago
Politics latest news: Tories would reverse Labour’s ‘cruel family farms tax’, says Badenoch
Trending News
4 months, 3 weeks ago
Starmer’s tax raid ‘will mean big corporations turn farmland into net zero forests’, experts warn
4 months, 3 weeks ago
Starmer warned over ‘militant’ backlash by farmers over inheritance ‘tractor tax’
4 months, 3 weeks ago
Farmers call for inheritance tax U-turn ahead of crunch talks with ministers
4 months, 3 weeks ago
My 250-acre farm has been in our family for four generations, but we now face a £400,000 inheritance tax bill and may be forced to give it up... this is the final nail in the coffin
4 months, 3 weeks ago
Backlash as NFU farm chief says Rachel Reeves’ ‘tractor tax’ will hit seven in 10 farms
4 months, 3 weeks ago
Chancellor defends proposed changes to inheritance tax on farms
4 months, 3 weeks ago
My family have farmed this land for 100 years and fed generations of Britons - but now we could be forced to sell it because of Labour's new tax rules
4 months, 3 weeks ago

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