UK government increases farm inheritance tax threshold amid protests
TL;DR Summary
The UK government has significantly relaxed its plans to tax inherited farmland, raising the threshold from £1m to £2.5m after protests from farmers and political pressure, aiming to protect family farms while still targeting larger estates and wealthy investors.
- Government waters down farm inheritance tax plan BBC
- Ministers raise inheritance tax threshold for farms after backlash The Guardian
- UK softens stance on farm tax after months of protests Reuters
- Farmers celebrate Sir Keir Starmer's Christmas U-turn on inheritance tax Sky News
- Inheritance tax reliefs threshold to rise to £2.5m for farmers and businesses GOV.UK
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