Why are Britain’s farmers protesting?
Thousands of farmers are expected to join a rally in Whitehall as they protest against the Labour government’s extension of inheritance tax to agricultural property.
Industry leaders say the plan, put forward by chancellor Rachel Reeves during her first Budget last October, is “marching the UK into a food crisis”.
Below, we look at why exactly the farmers are on strike.
What are the changes to farm tax?
Previously, farming businesses qualified for 100 per cent relief on inheritance tax on agricultural property and business property.
But now the tax is being imposed on farms worth more than £1 million, with an effective tax rate of 20 per cent on assets above the threshold, rather than the normal 40 per cent rate for inheritance tax.
https://www.independent.co.uk/news/uk/home-news/farmer-strike-inheritance-tax-b2695053.html
