Labour‘s proposed re-imposition of half the standard rate of inheritance tax on larger farms will affect as few as 100 farm sales per year, according to leading British tax expert @danneidle.bsky.social.
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Kevin Pascoe
Tax dodging ‘farmers’ like Clarkson & Dyson have exploited the farm inheritance tax rules. The reality is the aristocracy, corporations and Tycoons own 70% of our land, not family farms
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APR is a relief from IHT available on bequests of land and buildings used for agricultural purposes. However, the loophole ended up being widely abused, including by billionaires.