Port protest farmers warn of more demos in tax row
Protesters parked 40 tractors in front of Holyhead Port over the UK government inheritance tax plan.
Farm inheritance tax: farmers cannot go green if they are in the red
The government has introduced a new minimum threshold for inheritance tax which means that farm assets worth over £1 million (US$1.3 million) will be charged, albeit at the discounted rate of 20% ( instead of the standard 40% ). Some farms may be able to claim a threshold of £2 million or even £3 million.
U.K. Farmers Protest in London Over Inheritance Tax Change
Farms worth more than about $1.3 million will face an estate tax from 2026, ending a previous exemption and prompting anger in some rural communities.
Farmers protest changes to inheritance tax
Dozens of farmers stage a go-slow tractor protest on the roads of Dover.
Inheritance tax: How out of pocket will farmers actually be?
The government wants farmers to pay the tax on assets above £1m apiece at a reduced rate of 20 per cent. The allowance comes on top of the £500,000 a typical homeowner gets if they leave their home to their children or grandchildren, so a married couple can shelter up to £3m from HMRC, a sum which will exclude most farms.
Thousands of farmers protest against inheritance tax changes
The number of farms that could be affected by the inheritance tax change is also disputed. The government says it will only affect the wealthiest 500 estates each year but the NFU and the Country Land and Business Association (CLA) have estimated up to 70,000 farms could be affected.
Farmers in tractors protest tax changes
Labour announced changes to inheritance tax in their budget - imposing a 20% inheritance tax on farms worth more than £1m.
Dover farmers protest: 150 tractors heading to busy port over Rachel Reeves tax raid
Around 100 tractors headed towards Dover's busy port as frustrated farmers vented their anger at Rachel Reeves' inheritance tax raid - with organiser Liz Webster accusing the Chancellor of "betrayal".
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