Starmer defends inheritance tax changes as farmers raise concerns

standard.co.uk

Prime Minister Sir Keir Starmer defended recent inheritance tax changes affecting farms, stating that most farmers will not be impacted. He acknowledged farmers' concerns but emphasized that many will remain exempt from the tax. The new rules limit full relief to the first £1 million of farm value, with a 20% tax on amounts above that. Starmer noted that couples can combine exemptions, allowing up to £3 million before tax applies. Farmers are challenging the government's figures, claiming a majority of farm businesses exceed the £1 million threshold. Protests are planned in North Wales and a lobby of MPs is scheduled for Tuesday to address these concerns.


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