MPs URGE UK GOVT TO DELAY PLANNED CHANGES TO INHERITANCE TAX- Citing concerns that the changes were made without adequate consultation
Several members of parliament in the UK have urged the government to delay the planned changes to inheritance tax for UK farmers to “allow for better formulation of tax policy” and to protect vulnerable farmers by giving them more time to seek advice.
The Environment, food and Rural Affairs (Efra) committee has also asked the government to hold off announcing its overhaul of agricultural property relief and business property relief until October 2026, before bringing them into effect from April 2027.
The report said such a move “would allow for better formulation of tax policy and provide the UK government with an opportunity to convey a positive long-term vision for farming”. They added that the planned changes “threaten to affect the most vulnerable” and a pause would give them “more time to seek appropriate professional advice” while allowing the government time to consider other options.
The chancellor, Rachel Reeves, had earlier announced plans to bring farms and other agricultural property into inheritance tax rules.
