A typical family farm would have to put 159% of annual profits into paying the new inheritance tax every year for a decade and could have to sell 20% of their land, according to new analysis.
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tens of thousands of British farmers are planning to gather in London on Tuesday to protest against changes ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves’ plan to levy inheritance tax on pensions will “undermine” the retirement savings ...
Prince Andrew had already received his sizable inheritance by the time of his mother's passing in September 2022, according to a new book by acclaimed royal biographer Robert Hardman. Hardman's ...
The Chancellor capped the amount of agricultural assets a farmer can leave to their children tax-free at £1m under an inheritance tax raid announced in last week’s Budget. However, it has since ...
He told The Telegraph that hearing in advance of the Budget about Labour’s plans to end the practice of letting all farmers pass on estates without inheritance tax was the “final straw” for ...
Ministers have been warned that they face a “militant” backlash from farmers over the so-called tractor tax of imposing inheritance death duties on family farms worth more than £1m.
F.A, via email Harvey Dorset of This is Money, replies: It is good to see that you are planning your inheritance well in advance in order to ensure that you can make the most of the seven-year ...
Farmers protest outside the Northern Farming Conference in Hexham in Northumberland against the government’s proposals to reform inheritance tax (IHT) rules (Picture: PA) Farmers have been ...
A farmer took his own life to avoid an inheritance tax raid following changes to the rules announced in the Budget last week, his son said. John Charlesworth, 78, was found dead at home in Barnsley, ...
A FARMER took his own life over fears of a crushing inheritance tax hike in the Budget, his son said. John Charlesworth, 78, was tragically found dead on his 70-acre farm on Tuesday - just hours ...
In her Budget on October 30, Reeves slapped inheritance tax (IHT) on unspent pensions when people die and froze the £325,000 nil-rate band and £175,000 main residence allowance all the way to 2030.