Britain's Farmers Face Grim New Inheritance Tax Reality
Britain's farmers face a grim new reality due to the chancellor's attack on inheritance tax relief, causing panic last autumn.
Alec Marsh surveys the damage after the initial shock has settled, revealing the impact on farming estates.
The best thing for elderly owners of farming estates to do is to marry their daughter-in-law or son-in-law – so long as the right pre- and post-nup are in place.
Another suggestion, though extreme and unserious, is to take the precaution of dying before 6 April 2026, allowing the whole estate to be passed on tax-free.
Author's summary: Farmers face harsh new inheritance tax rules.