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Now: Farmers protest over inheritance tax rises

The recent Budget announcement means that previously-exempt farms worth more than Β£1m would have to pay an inheritance tax of 20% - half the usual rate of 40% - from April 2026.

The recent Budget announcement means that previously-exempt farms worth more than Β£1m would have to pay an inheritance tax of 20% - half the usual rate of 40% - from April 2026.

The president of the National Farmers Union told the Βι¶ΉΤΌΕΔ the measures announced in the Budget were "completely unjust".

But the Environment Secretary Steve Reed said: "We've had to ask those with the broadest shoulders to pay a little bit more". He added "the vast majority of farmers will pay nothing" even after the changes.

(Image: PA)

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Tue 19 Nov 2024 11:00

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