Ministers raise inheritance tax threshold for farmers after protests

Contributing sentiments towards policy:

57% : Until that moment, the best tax planning advice was to hold on to your farm until death and pass it on to the next generation who could continue to run a viable farming, food producing business.
57% : " Tory leader Kemi Badenoch said it was a "huge U-turn by the Government" on their "cruel, immoral" farm tax plans.
52% : The higher threshold, which will take effect in April, will allow spouses or civil partners to pass on up to £5 million in qualifying agricultural or business assets between them before paying inheritance tax - on top of existing allowances, Defra said.
49% : " A tractor is driven through Oxford Circus in central London (PA) NFU president Tom Bradshaw said the announcement would be a "huge relief to many" and would "greatly" reduce the tax burden for many family farms.
46% : Farmers currently do not pay inheritance tax on agricultural and business assets which they pass on.
45% : The number of estates facing higher inheritance tax will be reduced from around 2,000 under to original plans to up 1,100, hitting only the largest farms, according to the Government.
45% : "We are increasing the individual threshold from £1 million to £2.5 million which means couples with estates of up to £5 million will now pay no inheritance tax on their estates.
43% : The Government will raise the inheritance tax relief threshold for farmers from £1 million to £2.5 million in a climbdown following months of protest.
42% : "The original changes to APR and BPR, contained within the Finance Bill, resulted in a pernicious and cruel tax, trapping the most elderly and vulnerable people and their families in the eye of the storm.
41% : Other family businesses are still affected by Labour's tax raid, and we will keep pushing until the tax is lifted from them too.
39% : Farmers and their tractors protest in Whitehall over the changes to inheritance tax rules (Gareth Fuller/PA) And Baroness Minette Batters, the former head of the National Farmers' Union (NFU) who led an independent review for the Government, warned that the proposals had led to farmers contemplating suicide to avoid the tax changes.
36% : " The Liberal Democrats called for the Government to scrap the "unfair tax in full" as "many family farms will still find themselves financially crippled and barely making the minimum wage".

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