Tuesday, February 11, 2025
Home News Farmers protest LIVE: Tractor rally to flood Parliament as anger grows over inheritance tax changes

Farmers protest LIVE: Tractor rally to flood Parliament as anger grows over inheritance tax changes

by Abella
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Farmers protest LIVE: Tractor rally to flood Parliament as anger grows over inheritance tax changes

Today, farmers will organize a different tractor protest outside of parliament while continuing their campaign against changes in the rules for taxation.

The Tractorrally, organized by Save British Farming, comes to debate as MPs about an e-Petition with more than 148,000 signatures that call to retain the current exemptions of the inheritance tax for working farms.

Labor has insisted that it will not make an U-turn on its plans to introduce a 20% inheritance tax rate on farms with a value of more than £ 1 million.

The changes announced in the budget must be taken into effect in April 2026 and delete an exemption that meant that no inheritance tax was paid to pass on family farms.

Live updates below

Why are there agricultural protests?

Farmers are marching on Whitehall today to demonstrate against the budget of the Labor Chancellor Rachel Reeves to extend the inheritance to agricultural land.

Previously, agricultural companies qualified for 100 percent lighting on inheritance tax on agricultural ownership and business property.

The tax is imposed on farms with a value of more than £ 1 million, with a tax rate of 20 percent on assets above the threshold, instead of the normal 40 percent rate for inheritance tax.

The government says that the actual threshold for paying the inheritance tax can be no less than £ 3 million, as soon as the exemptions for each partner are taken into account for each partner and for agricultural property.

Some farmers claim that although they are rich in land and cattle, they are in cash, which means that the budget changes would force them to sell their country to pay the tax.

Farmers to go to Westminster for tractor protest

Hello and welcome to the live coverage of MailOnline while farmers organize another tractor protest outside of parliament to oppose upcoming changes in the rules for inheritance tax.

The Tractorrally, organized by Save British Farming, comes to debate as MPs about an e-Petition with more than 148,000 signatures that call to retain the current exemptions of the inheritance tax for working farms.

Labor has insisted that it will not make an U-turn on its plans to introduce a 20% inheritance tax rate on farms with a value of more than £ 1 million.

The changes announced in the budget must be taken into effect in April 2026 and delete an exemption that meant that no inheritance tax was paid to pass on family farms.

Stay with us all day, while we bring you the latest updates and response plus photos and videos of the protest

Farmers and their tractors on Belmont Farm in North Londs, prior to a meeting in Westminster about the changes in the inheritance tax rules (IHT) in the budget that new taxes have introduced on farms worth more than £ 1 million. Photo Date: Monday, February 10, 2025. PA photo. See Pa Story Protest -Boeren. Photocredit must read: James Manning/PA -wire

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