Farming, Inheritance tax, Tax Business | The Guardian
In place of precision-targeted revenue raids, Reeves needs to win a bigger argument about the reason we have taxesIt is hardly advanced political science to observe that governments are more popular when giving people stuff than when taking it away. Junior doctors, who are getting a pay rise, are probably better disposed towards Keir Starmer and Rachel Reeves right now than farmers, who are losing a tax break.Not all farmers. The government says its reforms to agricultural property relief (APR) and business property relief (BPR) will mean inheritance tax is levied on about 500 estates that were previously exempt. Agribusiness lobby groups say many more will be affected, potentially 70,000. Farmers have marched on Westminster to vent their fury.Rafael Behr is a Guardian columnist Continue reading…
In place of precision-targeted revenue raids, Reeves needs to win a bigger argument about the reason we have taxes
It is hardly advanced political science to observe that governments are more popular when giving people stuff than when taking it away. Junior doctors, who are getting a pay rise, are probably better disposed towards Keir Starmer and Rachel Reeves right now than farmers, who are losing a tax break.
Not all farmers. The government says its reforms to agricultural property relief (APR) and business property relief (BPR) will mean inheritance tax is levied on about 500 estates that were previously exempt. Agribusiness lobby groups say many more will be affected, potentially 70,000. Farmers have marched on Westminster to vent their fury.
Rafael Behr is a Guardian columnist
