Thousands of farmers from across Wales and others parts of the UK are in London today for a huge protest. They are calling on the Government to scrap its changes to agricultural inheritance tax that were announced in last month's Budget. Celebrities including Jeremy Clarkson - who told the Times in 2021 that avoiding inheritance tax was "the critical thing" in his decision to buy land - have joined the rally to address everyone. For anything above that, landowners will pay a 20% tax rate, rather than the standard 40% rate of inheritance tax (IHT) applied to other land and property. In a speech to NFU members as they come to London to lobby MPs on the issue, the organisation's president Tom Bradshaw is expected to tell them that the "betrayal" on the tax changes is extraordinary.

Source: The Times November 19, 2024 16:35 UTC