The farming sector has warned it now faces an uphill battle for survival
A Government analyst has been recognised for his work which could see Inheritance Tax reliefs taken away from family farms businesses next year. However, farmers said they feel the award was an insult to rural communities
South Devon MP Caroline Voaden said 85% of farmers in her constituency have told her that they could be affected by IHT changes, with average tax bills starting at £637,000
Will MPs stand up for farmers before legislation receives Royal Assent?
While farming families have had to struggle for months with the consequences of impending taxation reforms, HMRC has praised the role of an analyst who helped ministers bring forward the proposed legislation
Could young farmers walk away from the sector due to IHT?
Defra Secretary Steve Reed said British farming has a bright future, but can Labour overcome IHT's burden on generational family farms?
Law firm Wedlake Bell said Inheritance Tax changes could also penalise vulnerable families and those without the means to undertake complex estate planning
The Government said changes to Inheritance Tax is not expected to have a 'material impact' on food security, contradicting the concerns raised by farmers and the wider industry
The union has urged the Government to look at its alternative clawback solution