Experts warn Labour U-turn 'reinforces a broken system' as inheritance tax threshold rises for farmers - Birmingham Live

Contributing sentiments towards policy:

54% : This allows spouses or civil partners to pass on up to £5m in qualifying agricultural or business assets between them before paying inheritance tax, on top of existing allowances. READ MORE:
52% : It's held by wealthy individuals who buy it to escape Inheritance Tax, then rent it back to real farmers at eye-watering rates.
50% : They don't farm the land; they farm the tax code.
49% : Labour has U-turned again as the inheritance tax (IHT) threshold rises for farmers to £2.5m - as experts warn "this policy reinforces a broken system" The government has today (Tuesday 23 December) announced that the level of the Agricultural and Business Property Reliefs threshold will be increased from £1m to £2.5m when it is introduced in April 2026.
49% : By raising this threshold to £2.5m, the government has effectively hung a 'Keep Out' sign on British farmland for actual new entrants, while rolling out the red carpet for wealthy investors looking for a tax shelter.
46% : We are increasing the individual threshold from £1m to £2.5m which means couples with estates of up to 5m will now pay no inheritance tax on their estates.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.