An Inheritance Tax specialist has provided a candid account of the heartbreaking choices and worries farmers across the UK now face with proposed changes to Agricultural Property Relief next year
S&W said farmers are now more likely to consider passing their farms on to their children while they are still alive due to IHT
A Government analyst has been recognised for his work which could see Inheritance Tax reliefs taken away from family farms businesses next year. However, farmers said they feel the award was an insult to rural communities
Will MPs stand up for farmers before legislation receives Royal Assent?
Defra Secretary Steve Reed said British farming has a bright future, but can Labour overcome IHT's burden on generational family farms?
Law firm Wedlake Bell said Inheritance Tax changes could also penalise vulnerable families and those without the means to undertake complex estate planning
Knight Frank said it is 'disheartening' that APR and BPR, which were Labour-originated reliefs introduced during periods of national economic stress to help family businesses, could now be taken away from farmers
The Government said changes to Inheritance Tax is not expected to have a 'material impact' on food security, contradicting the concerns raised by farmers and the wider industry
Family labour drives the management of an Ayrshire dairy herd on the North Solway Coast in South West Scotland
With a passion for ensuring the family business survives, Andrew and Cath Ladds have expanded the farm so the next generation can continue its legacy