The recent government budget includes a proposal to reduce the 100% inheritance tax relief on family-owned farms, limiting full relief to estates valued at under £1 million. Above this threshold, qualifying assets will receive only a 50% relief, resulting in an effective tax rate of 20%.

This change will impact approximately 70,000 family farms, many of which may not be able to withstand the financial burden. For these farms, inheritance tax has been essential in allowing farms to be passed down through generations without devastating financial consequences. Without immediate action, this policy risks destroying British family farms, compromising both our agricultural heritage and local economies.

We urgently call on the government to reconsider this policy to ensure the survival and stability of British family farms.

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