²ÝÁñÉçÇø

NFU Scotland president Martin Kennedy on the family farm tax: "The UK Government is completely missing the target"

"Not only is this figure wrong as it was based on a snapshot of 2021 data and values have now considerably changed, but it is also disingenuous on the UK Government to say only 500 (farms) are affected"

clock • 5 min read
Martin Kennedy, NFU Scotland president: "What really sticks in the craw is this proposed tax changes from the UK Government will only generate an estimated £500m per annum – ironically, the same amount that's given overseas in agricultural aid."
Image:

Martin Kennedy, NFU Scotland president: "What really sticks in the craw is this proposed tax changes from the UK Government will only generate an estimated £500m per annum – ironically, the same amount that's given overseas in agricultural aid."

The UK Government's recent Autumn Budget where full relief for Inheritance Tax in agriculture will be discontinued has caused more concern amongst farmers across the UK than I have seen in decades and...

To continue reading...

Already a member? Login for full access.

New to ²ÝÁñÉçÇø Guardian? Register for 1 free article per week or become a member for unlimited access to essential farming news and insights.

article-img-580x358

 

BNG National Habitat Bank Creation & Unit

£±Ê°¿´¡

Outdoor Beef Finishing Coral System, available

£±Ê°¿´¡

More on Farm Business

Bank of England announces interest rate cut

Bank of England announces interest rate cut

Rates have fallen to 4%, the lowest level in two years

Alex Black
clock 07 August 2025 • 2 min read
£120m unlocked for Britain's farmers as Government bank partners with Rural Asset Finance

£120m unlocked for Britain's farmers as Government bank partners with Rural Asset Finance

Rural Asset Finance (RAF) has been approved for the state-owned British Business Bank’s ENABLE Guarantee Scheme, set up to help smaller businesses access fair financers

clock 07 August 2025 • 3 min read
NFU Mutual launches new support to protect farmers in carbon and environmental markets

NFU Mutual launches new support to protect farmers in carbon and environmental markets

The rural insurer has announced a new partnership with Environmental ²ÝÁñÉçÇø Group (EFG) to help farmers manage the risks of devoting land to environmental and regenerative schemes within natural capital markets

clock 06 August 2025 • 1 min read