The UK government must delay its proposed changes to farm inheritance tax (IHT) relief by a year and fully assess their impact on small family-run businesses, a cross-party committee of MPs has said.
In a report published today (16 May), the Environment, Food and Rural Affairs Committee (EFRA) called on ministers to postpone final decisions on agricultural property relief (APR) and business property relief (BPR) until October 2026, with implementation from April 2027. According to the report, the delay would allow the government to better develop its tax policy and present a coherent long-term vision for the farming sector. The committee's intervention follows widespread farmer protests across the UK in response to the government's Autumn Budget 2024, which proposed a 20% IHT on a...
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