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TAX

Budget delivers heavy cut to farming's IHT reliefs

Chancellor Rachel Reeves has slashed farming’s favourable inheritance tax reliefs in this week’s Budget, limiting 100% agricultural property relief and business property relief to the first £1m of value. Above…

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News

NEWS

NFU plans London rally over future of family farms

Farmers from across the UK are set to converge on London for a rally against the government’s agricultural policies which they say put the future of fragile family farms at…

BUSINESS

Double cab pickups get higher tax, lower capital allowance

Double cab pickups (DCPUs) bought from 6 April 2025 will be classified as cars for tax purposes, bringing far higher benefit-in-kind charges than their current van status qualifies them for,…

FARM POLICY

Have your say: How will the Budget affect your farm?

Today chancellor Rachel Reeves ended all speculation about what her Budget had in store for farmers. She announced tax rises worth £40bn, changes to capital gains tax, and business tax…

NEWS

Budget 2024: Barnett formula switch risks devolved ag funding

Chancellor Rachel Reeves’ Budget has redefined agricultural funding for the devolved nations, consolidating it within each region’s broader block grant using the Barnett formula rather than maintaining separate, ring-fenced allocations.…

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