UK farmers protest inheritance tax, led by Farage, Badenoch and Jeremy Clarkson

[Virgos Groove]

Quote

Farmers are protesting in Westminster over inheritance tax changes announced in the Budget, as the row grows over how many farms it might affect

 

From April 2026, inherited agricultural assets worth more than £1m, which were previously exempt, will be liable to the tax at 20% - half the usual rate

 

Prime Minister Keir Starmer says he understands their concerns, but has insisted the "vast majority" of farms will be unaffected

 

The National Farmers' Union calls the move "disastrous", while presenter-turned-farmer Jeremy Clarkson says at the rally it will be the "end of farming"

 

The largest estimate suggests 70,000 farms could be affected overall, but the annual sum is likely to be around 500 - BBC Verify has crunched the numbers

BBC News

 

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 Chancellor Rachel Reeves announced at last month's Budget farms worth more than £1million will be now subject to inheritance tax.

 

Previously farming businesses qualified for 100% relief - paying zero inheritance tax. Since 1984 landowners have been able to pass this on without being hit.

 

But now the tax is being imposed on farms worth more than £1 million, with an effective tax rate of 20% on assets above the threshold. This is less than the standard 40% rate.

 

It is claimed that the actual threshold before paying inheritance tax could be as much as £3 million, once exemptions for each partner in a couple and for the farm property are taken into account.

 

The Government says around 500 claims a year are expected to be affected - but this

The Mirror

 

Mind you, Clarkson never kept it secret or anything that he only bought the farm to avoid taxes.

 

(at 1:52)

 

I always preferred James May.

 

[family.guy123]

Inheritance tax is such BS. Makes it impossible to get ahead 

[Gelato]

multimillionaire landowners mad that their special treatment has been slightly reduced

[visions]

Is it true 40% of farmland in the UK is owned by billionaires? It was apparently the easiest way to leave tax free inheritance to their kids.  

 

But then again if the majority of farmers have to pay a large sum of tax every year they'll end up selling the land to those billionaires and just live off the money they get from the sale and billionaires still win. 

 

Surely there has to be a way to implement something where asset rich farms who are taking in less than 100k a year (and can't really afford to pay heavy inheritance tax) don't have the same tax laws as billionaires hoarding land as a tax haven. 

[Gelato]

14 minutes ago, visions said:

Is it true 40% of farmland in the UK is owned by billionaires? It was apparently the easiest way to leave tax free inheritance to their kids.  

 

But then again if the majority of farmers have to pay a large sum of tax every year they'll end up selling the land to those billionaires and just live off the money they get from the sale and billionaires still win. 

 

Surely there has to be a way to implement something where asset rich farms who are taking in less than 100k a year (and can't really afford to pay heavy inheritance tax) don't have the same tax laws as billionaires hoarding land as a tax haven. 

it's only going to affect the biggest farms

 

 

"regular" farmers blinded by their pro-conservative/anti-labour bias are just serving as useful idiots for those who own farm land to avoid tax

Edited 2 hours ago by Gelato

[Mezik]

Oh no the rich won't continue to stay rich.

[visions]

5 minutes ago, Gelato said:

it's only going to affect the biggest farms

 

 

"regular" farmers blinded by their pro-conservative/anti-labour bias are just being used as useful idiots by those who own farm land to avoid tax

Oh good, I think my Twitter algorithm is a bit f*cked from hate viewing some profiles 

 

Gag them billionaires

[Princess Aurora]

I think it's funny how this trend has been happening in other countries as well.

[slimfem]

Jeremy is such a menace, which is a shame because Top Gear UK was one of the best shows ever.

[Maneater]

If Nigel and Jeremy are protesting then it must be a good thing!