Farmers frightened of what might lie ahead' amid major fears over tractor tax

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"The farming sector "is bewildered and frightened of what might lie ahead'', with farmers saying changes to inheritance tax are the biggest issue regarding viability they face, a review for the government has found. Farmers have repeatedly protested against the proposed since they were announced last year, which will see them pay tax on inherited agricultural assets worth more than 1m at a rate of 20 per cent."

The Independent presents its on-the-ground reporting across issues from reproductive rights to climate change and Big Tech, producing investigations and documentaries while avoiding paywalls and soliciting donations to fund journalism. The farming sector is described as bewildered and frightened about proposed inheritance tax changes, which farmers identify as the biggest viability concern. Proposed rules would tax inherited agricultural assets over £1m at 20 per cent and have triggered repeated protests. Baroness Minette Batters' farm profitability report calls for a "new deal for profitable farming" that recognises the true cost of producing food and delivering environmental outcomes. The review's terms did not include the contested inheritance tax changes.

Read at www.independent.co.uk