Government proposals to tax inherited farmland have been watered down, with the planned threshold increasing from £1m to ...
County Down farmer Libby Clarke says Monday's announcement by the UK government is welcomed but more changes are needed.
The Government will raise the inheritance tax relief threshold for farmers from £1 million to £2.5 million in a climbdown following months of protest.
Farmers currently do not pay inheritance tax on agricultural and business assets which they pass on. Under Labour’s initial proposal, the full 100% relief was to be restricted to the first £1 million ...
Farmers in Northern Ireland have welcomed a change in British government tax policy they claimed would have shut down many family farms.
Fermanagh South Tyrone MP Pat Cullen has welcomed today’s announcement that the inheritance tax relief threshold for agricultural and business property will increase to £2.5 million from April 2026, ...
Approved Retirement Funds are more flexible than annuities but there could be tax implications depending on who benefits ...
The Labour government in the UK has confirmed the proposed new £1m threshold for agricultural and business property relief (APR/BPR) from inheritance tax (IHT) will be increased to £2.5m.
Sir Keir Starmer has given the agricultural world a festive gift, although it is very much a case of the prime minister now ...
For income or corporation tax purposes, gifts to customers are only tax-deductible if they meet strict conditions. The gift ...
The government’s climbdown on farm inheritance tax is ‘huge progress’, but there’s more work ahead to scrap it altogether.
The amount of money the Treasury rakes in from both stamp duty land tax and inheritance taxis on the rise, official figures ...