Yorkshire coast MPs welcome partial Government U-turn on the Family Farm Tax

Contributing sentiments towards policy:

55% : The Government announced on Tuesday (December 23) that from April 2026 - when the changes to Agricultural and Business Property Relief were set to be introduced - the tax-free threshold for agricultural and business assets will sit at £2.5 million rather than £1 million as previously planned.
50% : "Many have been deeply worried about the impact this tax would have on their ability to pass their life's work on to the next generation.
49% : "The Conservatives remain committed to fully abolishing the Family Farm and Family Business tax.
47% : "This means around 85% of estates claiming agricultural property relief in 2026-27, including those that also claim for business property relief, are forecast to pay no more inheritance tax on their estates.
46% : "This is a significant step forward and will protect many more family farms and family businesses from crippling tax bills that could have destroyed generations of hardworking family businesses and British farming.
45% : "Couples with estates of up to £5m will now pay no inheritance tax on their estates.
37% : " Charlie Dewhirst, MP for Bridlington and the Wolds said: "Today, after more than a year of pressure and campaigning, Labour have finally been forced to change course on their disastrous family farm and family business tax.

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