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theguardian.com

Farmers Protest Inheritance Tax Changes

The UK government's new inheritance tax rules for farmers are causing widespread anger within the agricultural community.

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English

United Kingdom

PoliticsUkPolicyAgricultureProtestTaxation

National Farmers' Union (Nfu)TreasuryDefraInstitute For Fiscal Studies

Tom BradshawRachel ReevesSteve ReedJames DysonJeremy Clarkson

What arguments are used to support and oppose the new tax rules?: While some experts support closing the inheritance tax loophole, the NFU and prominent farming figures oppose the changes, arguing that medium-sized family farms will be disproportionately affected.
What is the proposed change to inheritance tax rules for farmers?: The new rules remove the Agricultural Property Relief inheritance tax exemption from farms worth over \u00a31 million, sparking outrage and threats of protests within the farming industry.
What actions are farmers considering in response to the new rules?: The NFU warns of potential "militant action" if the rules aren't changed, highlighting the significant anger among farmers and pointing to a petition with 190,000 signatures.
What is the reaction of the farming industry to the proposed tax changes?: The NFU president met with the environment secretary to demand the withdrawal of the new rules and consultation with the industry. They argue the Treasury's calculations undervalue many farms due to an accounting change.
What is the main point of contention regarding the new inheritance tax rules for farmers?: The government claims only one-third of farmers will be affected by the new inheritance tax rules, but the National Farmers' Union (NFU) disputes this, citing data from the environment department showing a much higher percentage.

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