The Independent reports on growing concerns over proposed changes to inheritance tax rules in the UK that could impact family farms. A protest rally organized by Save British Farming highlighted the fears of farmers facing potential financial ruin if new 20% taxes are imposed on farms valued over £1 million starting in 2026. The initiative has garnered nearly 150,000 signatures on a petition opposing the changes, with significant implications for generational farms and mental health among farmers due to added pressures from the impending legislation.
We are really scared that we are going to see a humanitarian crisis....elderly farmers now know if they die before April next year there will not be a bill for their farm which is unaffordable.
Under the chancellor's plan, a 20 per cent inheritance tax rate will be introduced on farms worth more than 1m - a move farming leaders claim will lead to the closure of many family farms.
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