Labour's inheritance tax raid on family farms could turn them into 'net zero forests' used by foreign firms for carbon offsetting instead of food, landowners claim
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4 months, 1 week ago

Labour's inheritance tax raid on family farms could turn them into 'net zero forests' used by foreign firms for carbon offsetting instead of food, landowners claim

Daily Mail  

Labour's plan to force farmers to pay inheritance tax on agricultural land could see it taken out of food production by foreign firms who use it for carbon offsetting, a leading landowners organisation has claimed. The head of the Country and Land Business Association warned that tracts of productive soil could also be bought up by environmental charities for 'biodiversity projects' that generate no IHT for the Treasury. It comes as farmers gear up for a major protest against the Budget changes that will see IHT charged at 20 per cent on agricultural assets above £1 million. The head of the Country and Land Business Association warned that tracts of productive soil could also be bought up by environmental charities for 'biodiversity projects' that generate no IHT.

History of this topic

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2 weeks, 2 days ago
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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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