Last week, Chancellor Rachel Reeves outlined plans to impose inheritance tax on farms worth more than £1 million. Speaking during questions for his department at the Assembly, Andrew Muir said it had been a “bad budget for farmers”. these decisions in terms of inheritance tax and agricultural property are bad, it is a bad budget for farmersHe said in the dairy sector, there could be around 75% affected. “Northern Ireland will be disproportionately affected … I’m meeting the Secretary of State today and asking for a rethink in relation to this,” he told MLAs. “But these decisions in terms of inheritance tax and agricultural property are bad, it is a bad budget for farmers.

Source: The Herald November 04, 2024 17:46 UTC