Treasury Rejects Proposal to Soften Inheritance Tax Changes for UK Farms
The UK Treasury has firmly rejected proposals to mitigate the upcoming inheritance tax changes affecting farms, set to take effect in April 2026. The new policy replaces the inheritance tax exemption on farms valued over £1 million with a reduced rate of 20%. The decision, criticized by the National Farmers’ Union as ‘disastrous,’ sparked concerns that it will force farmers to liquidate assets to meet tax obligations. Despite claims that only the wealthiest farmers will be affected, there is growing unrest in rural communities, with a rally planned for next week in protest.