Budget uproar - call for peaceful protest, life insurance and inheritance tax, tax on farm pick-ups, basic payment phase-out, future for family farms
Description
In this episode, industry leaders urge farmers not to take direct action following the government’s decision to impose inheritance tax on farmland.
Thousands of farmers are expected to descend on London after the Budget announcement sent shockwaves through the industry.
The protest will coincide with what the NFU is describing as a ‘mass lobbying’ of MPs to get the government decision reversed.
The inheritance tax facing farmers following the Budget has understandably grabbed all the headlines.
But the Chancellor also unveiled many more measures affecting agriculture.
They included company car tax on farm pick-ups, an increase in employers national insurance – and the faster phase out of direct payments.
Life insurance could be one way of mitigating the impact of inheritance tax on farmland.
But farmers are urged to take advice rather than making rash decisions.
Thousands of farmers gather in London to lobby MPs and protest against changes to inheritance tax rules.
From April 2026, agricultural assets worth more than £1m will be liable for 20% inheritance tax – leaving many farmers fearing for their livelihoods.
Some 15,000 farmers descended on...
Published 11/20/24
In this episode, Jeremy Clarkson is set to join thousands of farmers protesting against the government’s decision to impose inheritance tax on farmland.
The TV celebrity and star of Clarkson's Farm is expected to address farmers as they gather in London on Tuesday 19 November.
Farm business...
Published 11/15/24