Why farmers – not the Treasury – are right about inheritance tax

There is a reason 10,000 farmers and their supporters descended on Westminster last week to protest against the government’s planned changes to inheritance tax. They know that any farm hit by the new charge will be in huge trouble. Farms are not a typical business asset – usually the value of a farming estate is far greater than any profits it generates.

This means a single inheritance tax bill could wipe out a farm’s profits for a generation. The only solution for many farmers will be to sell up or break up their farms forever.

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