Shadow environment secretary Victoria Atkins made the plea as she moved a Tory motion warning that the changes could "lead to the end of family farming as it has been known for many generations" in the UK.
Under measures announced at the Budget in October, farmers will pay a rate of 20% inheritance tax on agricultural property and land worth more than £1 million when they previously paid none. There is a higher threshold of £3 million for couples passing on their farms.
This story is from the December 05, 2024 edition of The Herald.
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This story is from the December 05, 2024 edition of The Herald.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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