Labour could impose ‘double death tax’, Jeremy Hunt warns
6 months ago

Labour could impose ‘double death tax’, Jeremy Hunt warns

The Telegraph  

Mr Hunt said: “We have repeatedly warned that Labour are going to raise your taxes. The Guardian on Friday reported that proposals are circulating within Labour to increase capital gains tax and reform inheritance tax to make it more difficult to pass on farmland without paying tax. Sir Keir has insisted throughout the election campaign that Labour will not raise taxes on “working people”, listing income tax, National Insurance and VAT. Bringing an end to the capital gains tax exemption upon death would raise about £900 million a year for the Treasury, and dragging unused pension pots into inheritance tax could raise about £1.5 billion annually, according to estimates. The Tories have repeatedly sought to bring the issue of tax to the heart of the general election campaign, with much of the campaign material urging households to “start saving” if Labour gets into power.

Labour Inheritance Tories Inheritance Tax Hunt Vat Death Tax  labour  impose  death  tax  inheritance  tories  double  taxes  rises  warns  hunt  rule  jeremy  plans  week  raise

History of this topic

Reeves’s build for growth strategy in doubt because of impact of inheritance tax changes
1 week ago

Reeves’s build for growth strategy in doubt because of impact of inheritance tax changes

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 Rachel Reeves has been warned that her so-called “tractor tax” will …

The ‘tractor tax’ needs to be rethought to protect family farms
1 week, 2 days ago

The ‘tractor tax’ needs to be rethought to protect family farms

The Independent  

Dan Neidle is the British tax lawyer and Labour Party supporter whose work – along with reporting by The Independent – resulted in Nadhim Zahawi’s dismissal from Rishi Sunak’s government in January last year. He has suggested raising the threshold for inheritance tax from £1m to £20m, which would exclude genuine family farms while increasing the revenue from investors buying …

Got something to say about men’s clothes? Just zip it
1 week, 4 days ago

Got something to say about men’s clothes? Just zip it

The Independent  

I’ve been wearing quarter-zip jumpers – from Rohan, if your lifestyle writer Olivia Petter is interested – for at least 15 years. Antony Robson Westbury, Wiltshire The tractor tax threatens our food security The farmers’ Westminster protest highlights the urgent need for the government to listen to the challenges facing rural Britain. David Smith Taunton, Devon Banning mobile phones in …

Farm tax changes under fire in Parliament as angry farmers protest outside
1 week, 5 days ago

Farm tax changes under fire in Parliament as angry farmers protest outside

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Obviously, the idea is that we want to pass it down to the next generation, but farmers are asset-rich, …

Why farmers are fretting across the world
1 month ago

Why farmers are fretting across the world

Hindustan Times  

They come in long convoys of tractors, sometimes with months of food supplies with them, to stage protests. In London, hundreds of farmers stormed Britain’s heart of government, Whitehall, this week, protesting a proposed 20% inheritance tax they say will be a stab in their backs. Studies have shown that Indian farmers are “net taxed” or implicitly taxed due to …

Farmers should shut up and muck in – for the greater good
1 month ago

Farmers should shut up and muck in – for the greater good

The Independent  

We oldies have accepted the loss of our winter fuel payments for the greater good – to fund the NHS, schools, etc. They would do well to accept paying inheritance tax with good grace, and as a contribution to the public services we all enjoy and would like to see improved. Lindsay Mayor Huddersfield, West Yorkshire Labour should get off …

Labour is losing the PR battle over the ‘tractor tax’
1 month ago

Labour is losing the PR battle over the ‘tractor tax’

The Independent  

Who will decide who wins the fight between the government and the farmers? More in Common found that 57 per cent of people support making farmers exempt from inheritance tax, including 45 per cent of Labour voters. There is instinctive public support for being able to pass on assets to your children; inheritance tax is the most hated tax, even …

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 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

Daily Mail  

A Labour minister has been accused of being 'patronising' by BBC presenter Victoria Derbyshire after telling farmers anxious about the so-called 'tractor tax' they should find out how it works. Victoria Derbyshire, presenter of BBC2's Newsnight, accused Labour minister James Murray of being 'patronising' after he urged farmers to find out how inheritance tax works He was speaking on the …

More farmers seeking financial advice over inheritance tax changes, say experts
1 month ago

More farmers seeking financial advice over inheritance tax changes, say experts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Restrictions on agricultural property relief are particularly challenging for …

London: Farmers protest against inheritance tax
1 month ago

London: Farmers protest against inheritance tax

Op India  

On the 19th of November, thousands of farmers in Britain are set to demonstrate in Parliament Square in London against the removal of an inheritance tax exemption that has aided farmers to bequeath their farmlands to the next generations, alleging that this decision will jeopardise food production. Agricultural Property Relief from Inheritance Tax and the Labour Party’s “Tractor Tax” Flags, …

UK farmers rally to oppose government's inheritance tax reforms
Trending News
1 month ago

UK farmers rally to oppose government's inheritance tax reforms

Hindustan Times  

British farmers called on the government on Tuesday to revoke a contentious proposal to alter inheritance tax laws for land ownership, threatening to jam the streets of London. Farmers drive their tractors past the Houses of Parliament during a protest against issues including substandard food imports, in London, UK, on Monday, In the past, farming enterprises were eligible for a …

Do you support the ‘tractor tax’ on inherited farms? Join The Independent Debate
1 month ago

Do you support the ‘tractor tax’ on inherited farms? Join The Independent Debate

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 The government’s announcement of changes to inheritance tax, which will see …

Ailbhe Rea: Farmers Descend on Westminster
1 month ago

Ailbhe Rea: Farmers Descend on Westminster

Bloomberg  

We’ve had an influx of muddy wellies and flat caps in parliament today as farmers protest against the changes to inheritance tax announced in last month’s budget. They marched on Whitehall, tractor horns wailing and accompanied by famous faces including Jeremy Clarkson and Andrew Lloyd-Webber, before descending on parliament to personally lobby MPs against the plan to levy inheritance tax …

British farmers protest against ‘tractor tax’ on inheritance
1 month ago

British farmers protest against ‘tractor tax’ on inheritance

Al Jazeera  

Farmers say the tax will destroy family farms and threaten food production, while the gov’t says it’s needed to raise funds. British farmers have descended on London to call on the government to scrap inheritance tax rules on land ownership, which they say will destroy family-run farms. The measure, referred to by critics as the “tractor tax”, was announced last …

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
1 month 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

Daily Mail  

Keir Starmer's inheritance tax raid on farmers 'smells of incompetence' and is hammering the party's support in rural areas, a Labour peer has warned. Speaking to reporters on the way to the G20 summit in Brazil, Sir Keir said 'it is very important that we support farmers' but added: 'Obviously, there's an issue around inheritance tax and I do understand …

Rachel Reeves’s flawed inheritance tax for farmers demands a rethink
1 month ago

Rachel Reeves’s flawed inheritance tax for farmers demands a rethink

The Independent  

After revealing £40bn of tax rises on business and the better-off in last month’s Budget, Rachel Reeves could – just about – argue that “working people” had not been directly affected. It is increasingly obvious that the chancellor was unwise to include farmers on her hit list by announcing that, from April 2026, agricultural estates worth more than £1m will …

Government confusion over how many farms will be hit by controversial tractor tax
1 month, 1 week ago

Government confusion over how many farms will be hit by controversial tractor tax

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. Getting this right in the first instance, as well as carrying out meaningful consultation with …

Inheritance tax reforms having ‘chilling effect’ on Scottish farming – Swinney
1 month, 1 week ago

Inheritance tax reforms having ‘chilling effect’ on Scottish farming – Swinney

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inheritance tax reforms introduced in the Chancellor’s Autumn Budget are …

Farmers may never trust Labour again after inheritance tax change, say Tories
1 month, 1 week ago

Farmers may never trust Labour again after inheritance tax change, say Tories

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Farmers may never forgive Labour for the change to inheritance …

Farmers exaggerating impact of inheritance tax raid on land, Environment Secretary suggests
1 month, 1 week ago

Farmers exaggerating impact of inheritance tax raid on land, Environment Secretary suggests

The Telegraph  

Sir Keir Starmer also said the “vast majority” of farmers would be unaffected by the changes. “The vast majority of farmers will be unaffected by the changes in the Budget not least because if there’s a married couple the relief is £3 million and that’s why the vast majority of farmers will not be affected at all.” Atkins: ‘Farmers are …

Politics latest news: Tories would reverse Labour’s ‘cruel family farms tax’, says Badenoch
Trending News
1 month, 2 weeks ago

Politics latest news: Tories would reverse Labour’s ‘cruel family farms tax’, says Badenoch

The Telegraph  

Kemi Badenoch said the Tories would reverse Labour’s “cruel family farms tax”. The Tory leader said the Government’s inheritance tax raid on farmers had created uncertainty for the agricultural sector as she pressed Sir Keir Starmer to reassure worried families. “I am very clear that we would reverse Labour’s cruel family farms tax. “When it comes to inheritance, the vast, …

We face a £1m tax bill when my parents die – we don’t have that kind of money
1 month, 2 weeks ago

We face a £1m tax bill when my parents die – we don’t have that kind of money

The Independent  

For five generations, my family has farmed sheep and arable crops on our land in Yorkshire. By our calculations, even using personal allowances, the chancellor’s proposal could hit us with a tax bill of nearly £1m when my parents die. To pay a tax bill like that, we’d probably have to either borrow the money – plunging the business into …

Farmers call for inheritance tax U-turn ahead of crunch talks with ministers
1 month, 2 weeks ago

Farmers call for inheritance tax U-turn ahead of crunch talks with ministers

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy …

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
1 month, 2 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

Daily Mail  

Struggling farmers have accused Labour of 'lying' and said inheritance tax changes are the 'final nail in the coffin' as they react angrily to Chancellor Rachel Reeves' Autumn Budget. Andrew Smith, 56, said the move to introduce a 20 percent inheritance levy on farm assets above £1 million marks a 'betrayal' by the Labour government Mr Smith said the new …

Chancellor defends proposed changes to inheritance tax on farms
1 month, 2 weeks ago

Chancellor defends proposed changes to inheritance tax on farms

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rachel Reeves has defended her …

How farm tax could be a political issue after Rachel Reeves’s Budget
1 month, 3 weeks ago

How farm tax could be a political issue after Rachel Reeves’s Budget

The Independent  

Although farming only accounts for about 2 per cent of UK GDP, the role of farmers as custodians of the countryside and providers of food means agriculture assumes a disproportionate place in the national discourse. No surprise, then, that Rachel Reeves’s proposed expansion of inheritance tax to include farmland has sparked considerable controversy. She’s hiking tax by reducing the previous …

Farmers will have to stump up hundreds of thousands of pounds, Tories claim
1 month, 3 weeks ago

Farmers will have to stump up hundreds of thousands of pounds, Tories claim

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Shadow business secretary Kevin Hollinrake warned Labour MPs who intend to have a pint in a local pub and …

Why inheritance tax changes for pensions means a double hit for beneficiaries
1 month, 3 weeks ago

Why inheritance tax changes for pensions means a double hit for beneficiaries

The Independent  

Inheritance tax is an odd one; many worry about it but only a tiny minority ever end up paying it. Unspent pension savings do not currently count towards the IHT threshold, creating an incentive for wealthy individuals to save through pensions as a means of lowering their kids’ bills. For families inheriting larger pension pots, this will lead to significant …

Shoppers told to expect higher prices after ‘shameless’ tax raid on farmers
1 month, 3 weeks ago

Shoppers told to expect higher prices after ‘shameless’ tax raid on farmers

The Telegraph  

The price of fresh vegetables grown in Britain could rise by as much as 20pc after Labour launched a “shameless” tax raid on farmers. The Lea Valley Growers Association, whose members grow three-quarters of Britain’s cucumber, aubergine and sweet pepper crop, said higher costs “cannot be absorbed by growers so will be passed on to shoppers”. However, these will now …

Labour's tax bomb leaves Britons £300 worse off: UK faces highest tax burden ever, businesses are battered by the Budget, wages will fall and inflation will rise
1 month, 3 weeks ago

Labour's tax bomb leaves Britons £300 worse off: UK faces highest tax burden ever, businesses are battered by the Budget, wages will fall and inflation will rise

Daily Mail  

Britain's growth prospects took a dive last night after Rachel Reeves' £40 billion tax bomb. In the first Labour Budget for 14 years, Ms Reeves: Launched a £25 billion raid on employers' National Insurance, breaking a manifesto pledge not to raise a levy she previously called a 'jobs tax'; Announced an immediate £25 billion cash injection for the NHS, despite …

Budget contains broken promises which will hit working people, Sunak claims
1 month, 3 weeks ago

Budget contains broken promises which will hit working people, Sunak claims

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Rishi Sunak has accused Rachel …

Pensions to be brought into inheritance tax scope, says Reeves
1 month, 3 weeks ago

Pensions to be brought into inheritance tax scope, says Reeves

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Chancellor Rachel Reeves said she will close the “loophole” …

Inheritance tax already up 10 per cent as Reeves looks to squeeze levy in Budget, official figures show
2 months ago

Inheritance tax already up 10 per cent as Reeves looks to squeeze levy in Budget, official figures show

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Britons are already …

Labour’s lost love for our cultural heritage
2 months ago

Labour’s lost love for our cultural heritage

The Independent  

So, Sir Keir Starmer is putting the Downing Street portrait of Shakespeare in storage – a bit of a blow for our cultural heritage! Just as Boris Johnson evoked the image of the ebullient Falstaff, a party man if ever there was one, so does Starmer exemplify the portrait of the charmless, rather feeble Justice Shallow from Shakespeare’s canon. Emma …

Rachel Reeves warned inheritance tax plans will backfire
2 months ago

Rachel Reeves warned inheritance tax plans will backfire

The Telegraph  

The Labour manifesto promised that the party would “not increase taxes on working people” and Ms Reeves now appears to be struggling to raise enough within those constraints. The Chancellor is also expected to target inheritance tax in the budget by attempting to raise £1billion by removing exemptions for businesses and agricultural land. Nullifying the change However, Maxwell Marlow, director …

Budget backlash intensifies as Rachel Reeves warned over inheritance tax hike
2 months ago

Budget backlash intensifies as Rachel Reeves warned over inheritance tax hike

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 Chancellor Rachel Reeves has been warned that her plan to hike …

Inheritance tax changes would kill the family farm, Labour warned
2 months, 3 weeks ago

Inheritance tax changes would kill the family farm, Labour warned

The Telegraph  

Scrapping inheritance tax relief for agricultural land could lead to the death of the family farm, the Government has been warned. “Scrapping APR relief would mean the death of my family farm,” said James Grindal, a farmer in South Leicestershire. ‘Forced to sell’ “As farmers, we want to feed the nation, but cannot do that if we’re forced to sell …

Starmer’s blueprint for a tax war on pensioners
3 months, 3 weeks ago

Starmer’s blueprint for a tax war on pensioners

The Telegraph  

Figures from the Office for Budget Responsibility show that in 2010, when David Cameron defeated Gordon Brown, pensioner benefits cost the Treasury just under £86 billion. Stuart Adam, senior economist at the independent Institute for Fiscal Studies, says: “Overall, on average, the older generation, the baby boomers, have done quite well out of the economy and have done quite well …

How Labour could raise taxes as Starmer admits budget will be ‘painful’
3 months, 3 weeks ago

How Labour could raise taxes as Starmer admits budget will be ‘painful’

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. open image in gallery Chancellor Rachel Reeves will deliver her first Budget in October On …

Labour considering inheritance tax raid to ‘redistribute’ wealth
5 months, 3 weeks ago

Labour considering inheritance tax raid to ‘redistribute’ wealth

The Telegraph  

The number of estates subject to inheritance tax is projected to increase by 50 per cent in the next five years, as the thresholds at which the tax is payable have been frozen while house prices continue to rise. The Telegraph has previously reported that, at the same meeting, he was recorded saying that Labour’s green energy plans would cost …

Labour's secret tax rise plans revealed
6 months ago

Labour's secret tax rise plans revealed

Daily Mail  

Labour was under pressure to ‘come clean’ last night after a bombshell dossier laid out dramatic tax rise plans. Senior Tories said the dossier undermined the Labour leader’s claim that he has ‘no plans’ for further tax rises if he wins next month’s election. The Mail can reveal that a group of Labour MPs, including Sir Keir Starmer have put …

The chances of a Labour landslide are diminishing by the day
11 months, 3 weeks ago

The chances of a Labour landslide are diminishing by the day

The Independent  

As much as my heart wishes it, my realistic head reminds me of the enormous task required for Labour to not only win a general election at any point in 2024 but to maintain a working majority for the full term of parliament. However, the tendency is for gaping polling advantages to narrow as the election day draws closer, while …

Rishi Sunak ‘considering scrapping inheritance tax’ ahead of general election
11 months, 3 weeks ago

Rishi Sunak ‘considering scrapping inheritance tax’ ahead of general election

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Rishi Sunak is …

JASON GROVES: The election starts with Jeremy Hunt's Autumn Statement, but the Tories will need to go much further to win
1 year, 1 month ago

JASON GROVES: The election starts with Jeremy Hunt's Autumn Statement, but the Tories will need to go much further to win

Daily Mail  

Jeremy Hunt set the scene for the Tories' election campaign with a mini-Budget designed to show that the party is ready to return to its tax-cutting traditions. Pictured: Rishi Sunak and Jeremy Hunt yesterday Mr Sunak is painfully aware that the Conservatives face an uphill task to persuade voters that they can be trusted again to cut tax Both men …

Hunt refuses to rule out shock income tax cut amid warnings of revolt if budget favours rich
1 year, 1 month ago

Hunt refuses to rule out shock income tax cut amid warnings of revolt if budget favours rich

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. A leading Tory advocate of tax cuts, Sir John Redwood, described the possibility of an …

Hunt warns against fuelling inflation but hints at tax cuts for businesses
1 year, 1 month ago

Hunt warns against fuelling inflation but hints at tax cuts for businesses

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. But we …

Boris Johnson demands inheritance tax cut for baby boomers to pass down ‘colossal’ wealth
1 year, 1 month ago

Boris Johnson demands inheritance tax cut for baby boomers to pass down ‘colossal’ wealth

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 Boris Johnson has demanded a cut to inheritance tax in the …

Jeremy Hunt considering squeezing benefits while cutting inheritance tax
1 year, 1 month ago

Jeremy Hunt considering squeezing benefits while cutting inheritance tax

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Conservative former chancellor Lord Clarke said the move may …

Jeremy Hunt ‘has billions more than expected and can afford tax cuts’
1 year, 1 month ago

Jeremy Hunt ‘has billions more than expected and can afford tax cuts’

The Telegraph  

Downing Street figures argue that halving inflation this year, one of the Prime Minister’s five priorities in office unveiled in January, remains the priority and caution against inflationary moves. Number 10 figures continue to mull over pre-election policies such as abolishing inheritance tax, increasing the 40p income tax threshold or reducing income tax rates. But one factor in their decision-making …

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