View Image

The Treasury has issued a new statement on an inheritance tax change that will affect UK farmers from next year.

In a statement made today, November 4, treasury ministers have stood by the decision to bring farms into inheritance tax from 2026.

It comes after the Government made the decision at last year’s budget to end a full tax relief for farmers , when they pass on agricultural property - something Exchequer Secretary Dan Tomlinson said was "the right decision".

Join the Manchester Evening News WhatsApp group HERE

From April 2026, farm landowners will pay inheritance tax at an effective rate of up to 20% on their agricultural land, but can pass on agricultural and business estates worth up to £1 million without facing a bill.

Mr Tomlinson faced Labour

See Full Page