UK Treasury rejects farmers’ proposed compromise on inheritance tax

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The treasury refused to entertain the compromise imposed by agricultural groups to mitigate the impact of tax reforms in the field of agriculture, despite the growing pressure to reconsider politics.

The heads of agriculture have offered a clutch mechanism that they have said that such income arises from charging family economies during the long-awaited meeting Treasury Officials and industry.

The groups of the “National Farmers” Union, the Tenant Farms Association and the country’s lands and business associations have criticized the decision of the Chancellor Rachel Riviers for decades for the execution of execution for farmers for the October budget.

But the ministers said in the group that the government would not return to its proposed reforms, which can be threatened with the safety of Great Britain.

“Our members’ reaction will be from fragility, one of the real anger, one of the despair we have seen in recent months,” said FFA President Tom Bradwars.

“We have left for the treasury. We know the fiscal hole that collides with the country, “he added. “But at the moment, the door closes from the treasury.”

First of all, Clawback, first of all, would see the agricultural assets only in temptation if they are sold after the inheritance.

This would be better to target rich individuals using the tax relief, the groups were arguing.

“We have submitted an imputing alternative, but the government is a deaf to a person,” said CLAI President Victoria Vievyan, adding that his heels are “ideological”.

“I really didn’t want to think that this is the ideology, but the money is not big enough to justify the attack on our industry,” he said.

An official presented Reeves’ thinking, said the Chancellor was determined to be ahead. “We have never suggested that they can mitigate,” said the official. “We strongly believe that this is a fair and balanced deal.” The treasury did not respond immediately to the request of the comment.

Reforms mean that since April 2026, agricultural landowners will be 20% on the top of the mountain of £ 1.3 million.

The decision has led to a significant political feedback and energetic the agricultural community.

Last week, Prime Minister Sir Keyir Keyir has had to reduce the short-term visit to Milton Keyne in the development of apartments, after a group of tractors dropped appearance. Last week, Stardians claimed that “farming is at the top of the agenda.”

The opposition parties have taken the reforms and the major side of the issue of agricultural groups.

After the meeting, the secretary of the shadow environment Victoria Atkins said that the work was “clearly not interested in rural communities.”

He added:

Tim Farron, a speaker of the Liberal Democratic environment and rural cases, said that the government “threw the villagers to the wolves.”

He warned that “a family farm tax could be the ultimate nail of the coffin for many communities that fight to cope.”

Some of their own government bases also called on reforms to be eased.

During the last Monday, the employment deputies suggested tests, such as raising the rural value, presenting a “active farm test” if the land is used for agriculture or is used for the land.