Farm inheritance tax protestors told no more changes to proposals
BBC••world
Key Points:
- The government has confirmed there will be no further changes to the revised farm inheritance tax plans, which raised the tax-free threshold from £1m to £2.5m, allowing couples to pass on up to £5m tax-free.
- Environment Secretary Emma Reynolds emphasized that constructive engagement from farmers influenced the policy changes, dismissing protestors’ disruptions at the Oxford Farming Conference.
- Despite the partial climbdown, the Country Land and Business Association and National Farmers' Union remain opposed to the tax, with both groups continuing to campaign for its full reversal or further amendments.
- Reynolds pledged stability for farming payment schemes, announcing reforms to the Sustainable Farming Incentive (SFI) to prevent sudden closures and simplify environmental subsidy programs.
