British Farmers Criticize Inheritance Tax

This is a west Wales news story, published by Guardian, that relates primarily to Rachel Reeves news.

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heirs tax

Guardian

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‘Nail in the coffin’: family farmers respond to inheritance tax changes

Summary

Nutrition label

73% Informative

Chancellor Rachel Reeves announced changes to inheritance tax rules last week .

From April 2026 , farms and other business property will fall within inheritance tax.

Inheritors will have to pay 20% of their value above 1 m, half the headline 40% rate of 40% .

Scores of farmers responded to a Guardian callout asking about the planned changes.

Gerallt Lloyd , 47 , still works for his 77-year-old father on the same land in west Wales .

He owns 120 acres , but in addition rents 150 , which he says “helps to make the farm viable” But Lloyd fears the chancellor’s decision to change agricultural property relief will mean his children will be deprived of that opportunity.

“This could be the death knell for many family farms.”.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

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not offensive

Hate speech