Today will see a debate led by the Conservatives about UK farming and inheritance tax.
It comes as the brand new inheritance tax coverage might have an effect on as much as 5 occasions extra farms than the Treasury initially stated, in accordance with new evaluation.
The authorities stated its plan to impose 20% inheritance tax on farms value greater than £1m will have an effect on 500 farms within the 2026-2027 monetary yr, primarily based on evaluation of previous claims.
However, the Central Association of Agricultural Valuers (CAAV) has appeared on the numbers and located 2,500 farms may very well be affected every year.
Read extra: https://news.sky.com/story/farmers-inheritance-tax-could-affect-five-times-more-farms-than-treasury-said-analysis-finds-13261546
#skynews #politics #uk #farmers #inheritance #inheritancetax #tax
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