草榴社区

Hudda Morgan: "The next generation may not be ready to take on the running of a farm"

Hudda Morgan is a partner at legal firm Spencer West LLP. She writes about Inheritance Tax for farmers and some of the changes which Chancellor Rachel Reeves could adopt in the next Budget

Chris Brayford
clock 鈥� 3 min read
"Inheritance Tax allowances for farms and businesses are currently very generous, but for good public policy reasons - ensuring food security and so that farms and businesses are not forced to close with ensuing loss of jobs and tax revenue because assets had to be sold to meet tax when the owner has died."
Image:

"Inheritance Tax allowances for farms and businesses are currently very generous, but for good public policy reasons - ensuring food security and so that farms and businesses are not forced to close with ensuing loss of jobs and tax revenue because assets had to be sold to meet tax when the owner has died."

Hudda Morgan is a partner solicitor at legal firm Spencer West LLP. She writes about Inheritance Tax for farmers and some of the changes which Chancellor Rachel Reeves could adopt in the next Budget

Currently, agricultural assets qualify for 100% relief against Inheritance Tax and business assets 50% or 100% relief, whatever their overall value. The changes proposed in the Autumn Budget mean that...

To continue reading...

Already a member? Login for full access.

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

article-img-580x358
Join Now

听

More on Politics

Farming Matters: John McArthur 鈥� "This is not livestock versus plant protein 鈥� it is about British farmers producing more of the food this country depends on"
Politics

Farming Matters: John McArthur 鈥� "This is not livestock versus plant protein 鈥� it is about British farmers producing more of the food this country depends on"

This week's opinion from throughout the world of agriculture: John McArthur, managing director, McArthur BDC

John McArthur
clock 28 March 2026 鈥� 3 min read
Countryside in uproar as Gov accelerates plan to ban trail hunting
Politics

Countryside in uproar as Gov accelerates plan to ban trail hunting

Labour has opened a long-awaited public consultation to speed up its key manifesto pledge to ban trail hunting

Chris Brayford
Chris Brayford
clock 26 March 2026 鈥� 2 min read
From the editor: Recognising the role of farming as part of our national security
Politics

From the editor: Recognising the role of farming as part of our national security

This week from 草榴社区 Guardian editor Katie Jones

Katie Jones
Katie Jones
clock 26 March 2026 鈥� 2 min read