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Content Published March 21, 2025

Barber-farm-inheritance-tax-06.jpg

Signage in Oxborough, Norfolk, protesting the Labour government's proposal to levy inheritace tax on agricultural estates.

The Labour government’s Autumn Budget, announced October 30, 2024, proposed changes to inheritance tax (IHT) on agricultural estates, effective April 6, 2026. Agricultural Property Relief (APR) and Business Property Relief (BPR) will offer 100% tax relief only up to £1 million of combined asset value per estate. Beyond this, a 50% relief applies, taxing the excess at 20%. Payments can be spread interest-free over 10 years. Aimed at wealthier estates and tax avoidance, the policy is expected to raise £200 million annually. Critics, especially farmers, argue it threatens family farms, despite government claims it affects only 500 estates yearly.

1 20 2024 agricultural assets autumn avoidance backlash budget business cap cla consultation continuity economy environmental estate estates family farmers farming farms fiscal food funding generational government inheritance instalments interest-free land landowners lifetime management million nfu opposition policy prices property protests public rate reform relief revenue rural security services strategy strategy think harder explain tax reform uk tax policies remove duplicates tax transfers treasury uk valuation wealth wealthiest abour labour

Content Published March 21, 2025

Barber-farm-inheritance-tax-05.jpg

Signage in Oxborough, Norfolk, protesting the Labour government's proposal to levy inheritace tax on agricultural estates.

The Labour government’s Autumn Budget, announced October 30, 2024, proposed changes to inheritance tax (IHT) on agricultural estates, effective April 6, 2026. Agricultural Property Relief (APR) and Business Property Relief (BPR) will offer 100% tax relief only up to £1 million of combined asset value per estate. Beyond this, a 50% relief applies, taxing the excess at 20%. Payments can be spread interest-free over 10 years. Aimed at wealthier estates and tax avoidance, the policy is expected to raise £200 million annually. Critics, especially farmers, argue it threatens family farms, despite government claims it affects only 500 estates yearly.

1 20 2024 agricultural assets autumn avoidance backlash budget business cap cla consultation continuity economy environmental estate estates family farmers farming farms fiscal food funding generational government inheritance instalments interest-free land landowners lifetime management million nfu opposition policy prices property protests public rate reform relief revenue rural security services strategy strategy think harder explain tax reform uk tax policies remove duplicates tax transfers treasury uk valuation wealth wealthiest abour labour

Content Published March 21, 2025

Barber-farm-inheritance-tax-04.jpg

Signage in Oxborough, Norfolk, protesting the Labour government's proposal to levy inheritace tax on agricultural estates.

The Labour government’s Autumn Budget, announced October 30, 2024, proposed changes to inheritance tax (IHT) on agricultural estates, effective April 6, 2026. Agricultural Property Relief (APR) and Business Property Relief (BPR) will offer 100% tax relief only up to £1 million of combined asset value per estate. Beyond this, a 50% relief applies, taxing the excess at 20%. Payments can be spread interest-free over 10 years. Aimed at wealthier estates and tax avoidance, the policy is expected to raise £200 million annually. Critics, especially farmers, argue it threatens family farms, despite government claims it affects only 500 estates yearly.

1 20 2024 agricultural assets autumn avoidance backlash budget business cap cla consultation continuity economy environmental estate estates family farmers farming farms fiscal food funding generational government inheritance instalments interest-free land landowners lifetime management million nfu opposition policy prices property protests public rate reform relief revenue rural security services strategy strategy think harder explain tax reform uk tax policies remove duplicates tax transfers treasury uk valuation wealth wealthiest abour labour

Content Published March 21, 2025

Barber-farm-inheritance-tax-03.jpg

Signage in Oxborough, Norfolk, protesting the Labour government's proposal to levy inheritace tax on agricultural estates.

The Labour government’s Autumn Budget, announced October 30, 2024, proposed changes to inheritance tax (IHT) on agricultural estates, effective April 6, 2026. Agricultural Property Relief (APR) and Business Property Relief (BPR) will offer 100% tax relief only up to £1 million of combined asset value per estate. Beyond this, a 50% relief applies, taxing the excess at 20%. Payments can be spread interest-free over 10 years. Aimed at wealthier estates and tax avoidance, the policy is expected to raise £200 million annually. Critics, especially farmers, argue it threatens family farms, despite government claims it affects only 500 estates yearly.

1 20 2024 agricultural assets autumn avoidance backlash budget business cap cla consultation continuity economy environmental estate estates family farmers farming farms fiscal food funding generational government inheritance instalments interest-free land landowners lifetime management million nfu opposition policy prices property protests public rate reform relief revenue rural security services strategy strategy think harder explain tax reform uk tax policies remove duplicates tax transfers treasury uk valuation wealth wealthiest abour labour

Content Published March 21, 2025

Barber-farm-inheritance-tax-02.jpg

Signage in Oxborough, Norfolk, protesting the Labour government's proposal to levy inheritace tax on agricultural estates.

The Labour government’s Autumn Budget, announced October 30, 2024, proposed changes to inheritance tax (IHT) on agricultural estates, effective April 6, 2026. Agricultural Property Relief (APR) and Business Property Relief (BPR) will offer 100% tax relief only up to £1 million of combined asset value per estate. Beyond this, a 50% relief applies, taxing the excess at 20%. Payments can be spread interest-free over 10 years. Aimed at wealthier estates and tax avoidance, the policy is expected to raise £200 million annually. Critics, especially farmers, argue it threatens family farms, despite government claims it affects only 500 estates yearly.

1 20 2024 agricultural assets autumn avoidance backlash budget business cap cla consultation continuity economy environmental estate estates family farmers farming farms fiscal food funding generational government inheritance instalments interest-free land landowners lifetime management million nfu opposition policy prices property protests public rate reform relief revenue rural security services strategy strategy think harder explain tax reform uk tax policies remove duplicates tax transfers treasury uk valuation wealth wealthiest abour labour

Content Published March 21, 2025

Barber-farm-inheritance-tax-01.jpg

Signage in Oxborough, Norfolk, protesting the Labour government's proposal to levy inheritace tax on agricultural estates.

The Labour government’s Autumn Budget, announced October 30, 2024, proposed changes to inheritance tax (IHT) on agricultural estates, effective April 6, 2026. Agricultural Property Relief (APR) and Business Property Relief (BPR) will offer 100% tax relief only up to £1 million of combined asset value per estate. Beyond this, a 50% relief applies, taxing the excess at 20%. Payments can be spread interest-free over 10 years. Aimed at wealthier estates and tax avoidance, the policy is expected to raise £200 million annually. Critics, especially farmers, argue it threatens family farms, despite government claims it affects only 500 estates yearly.

1 20 2024 agricultural assets autumn avoidance backlash budget business cap cla consultation continuity economy environmental estate estates family farmers farming farms fiscal food funding generational government inheritance instalments interest-free land landowners lifetime management million nfu opposition policy prices property protests public rate reform relief revenue rural security services strategy strategy think harder explain tax reform uk tax policies remove duplicates tax transfers treasury uk valuation wealth wealthiest abour labour

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