Rachel Reeves, the chancellor, announced in her budget last month that farmers who have a business worth more than £1m could be subject to 20% inheritance tax, prompting a tractor protest outside parliament.
The Labour party had previously said no changes would be made to agricultural property relief, which granted farmers an exemption from inheritance tax.
A new analysis by the IFS economic thinktank concluded that it was largely fair to treat agricultural assets such as land the same as other assets that are subject to inheritance tax. But it said mitigations may be required to protect food security and to prevent elderly farmers being caught out by the change.
هذه القصة مأخوذة من طبعة November 26, 2024 من The Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 26, 2024 من The Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Frozen pensions War Veteran says she lost out on £50,000
Anne Puckridge is travelling 4,400 miles on a mission to persuade the government to right a 'cruel' pensions policy, as Rupert Jones reports
Money hacks How to buy preloved items to give as Christmas gifts
Buying preloved often requires more thought and preparation than buying new, so make time to find the perfect gift.
The Filter Best robot vacuums to keep your home clean and dust free
Stuart Andrews trialled the most powerful robot vacuums - some of which even mop your floors - and these are the ones he rates
Checkatrade How do rogue traders get past its checks?
The site says its tradespeople are 'guaranteed', but some customers say they have lost thousands after using it. Anna Tims reports
End of road Vauxhall workers in shock over plant closure
\"I don't have anything good to say about this place right now,\" someone shouts, as workers flood out of the front gates of the Vauxhall van plant on Luton's Kimpton Road.
Hybrid car sales could be permitted until 2035 to ease all-electric transition
Car manufacturers may be allowed to sell Toyota Prius-style hybrid models in the UK until 2035, as the government looks at ways to loosen electric vehicle sales rules.
Royal Mail falling further behind with delivery targets
Royal Mail has failed to deliver about a quarter of first-class post on time in recent months as its delivery performance continues to decline amid an investigation for missing its targets.
'Dirty money' Why people of all ages are investing in crypto
Miles, a 37-year-old NHS doctor from London, has been trying for years to persuade friends to buy cryptocurrencies.
Work Minister's plan to transform the job market
\"This is why I love jobcentres: because they're intensely hopeful places.\" The employment minister, Alison McGovern, has spent half an hour perched on a desk in an office block in Hoxton, east London, hearing from a group of job coaches.
Shoppers bag Black Friday gifts online but in-store sales lag
UK shoppers visited websites in droves to snap up Black Friday bargains, raising hopes the US-inspired promotional day would finally kick-start a festive spending spree.
