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UK Property

Rachel Reeves’ hated inheritance tax sparks UK food security fears and horror jobs warning | UK | News

The UK has been warned that its food security is at risk ahead of Labour's changes to inheritance tax (IHT), which are expected to severely impact farmers. Adjustments to Agricultural Property Relief (APR) and Business Property Relief (BPR) announced by Rachel Reeves in her maiden budget are expected to take effect from April 2026, though the Government has faced calls to delay this by a year. The changes mean IHT relief for business and for agricultural assets will be capped at £1million, with a rate of 20% being charged above...
UK Property

Farming union members from across Wales were at the Senedd for a debate on the UK Government’s controversial changes to Agricultural Property Relief

Farming union members from across Wales were at the Senedd for a debate on the UK Government's controversial changes to Agricultural Property Relief (APR) on Wednesday, March 5, The Farmers’ Union of Wales (FUW) and National Farmer Union Cymru members were in the Senedd, lobbying Welsh politicians to press for the UK Government to review their far-reaching changes.The debate, tabled by Plaid Cymru, called on the Welsh Government to make representations to the UK Government to reconsider and pause the family farm tax until they have conducted a thorough consultation and...