LBC: Farmer savages 'woke' James O'Brien in brutal takedown
Rachel Reeves family farm tax policy has been dealt a fresh blow as Britain’s most respected think tank has called for the levy to be delayed.
The Institute for Fiscal Studies revealed this evening that the Chancellor’s Inheritance Tax Changes will force some farmers to sell part or all of their farms to cover the bill.
DON'T MISS
Powered by
Jeremy Clarkson reveals real reason he bought farm - it wasn't to avoid inheritance tax
65 Comments
Farmers fearing Inheritance Tax rises can 'act now' to protect their legacy
1 Comments
Angela Rayner fails to rule out further inheritance tax raid on farmers
349 Comments
Labour is ‘crushing' the farming industry with ‘ideological' tax row
35 Comments
Death tax warning as UK households warned 'give money away' to avoid new tax rule
54 Comments
‘What is Labour thinking?!' BBC Question Time audience laughs at minister after brutal row
683 Comments
Average homeowner with moderate pension to suffer ￡107k inheritance tax under new rules
72 Comments
Nigel Farage tells farmers to take protests to Labour-held rural constituencies
1482 Comments
Labour civil war erupts as Keir Starmer's MPs join Tories in calling for major U-turn
55 Comments
Kemi Badenoch warns Labour's ‘cruel' tax on farmers will destroy farming in Britain
304 Comments
Farmer told how to avoid Labour's tax raid - by Keir Starmer's own Environment Secretary
33 Comments
Grieving families of military personnel could face shock inheritance tax bill
1 Comments
Pensions expert says people need to act now to avoid Labour's inheritance tax grab
4 Comments
Inheritance tax raises ￡5billion in 7 months - 3 tips to protect your wealth from the raid
4 Comments
Rachel Reeves left ‘completely isolated' on tractor tax as expert cheerleader exposes flaw
435 Comments
Farmers face 'perfect storm' of challenges amid inheritance tax attack by Government
5 Comments
Keir Starmer squirms as his farmer tax blunder is exposed live on-air
345 Comments
Jeremy Clarkson slams Starmer as he dubs him 'nightmare for farmers'
162 Comments
Pensioners face huge tax raid that could see them lose 64 per cent of pension pots
1 Comments
Rachel Reeves told she can update CV to ‘Britain's worst Chancellor' by money expert
216 Comments
Jeremy Clarkson reveals real reason he bought farm - it wasn't to avoid inheritance tax
65 Comments
Farmers fearing Inheritance Tax rises can 'act now' to protect their legacy
1 Comments
Angela Rayner fails to rule out further inheritance tax raid on farmers
349 Comments
Labour is ‘crushing' the farming industry with ‘ideological' tax row
35 Comments
Death tax warning as UK households warned 'give money away' to avoid new tax rule
54 Comments
‘What is Labour thinking?!' BBC Question Time audience laughs at minister after brutal row
683 Comments
Average homeowner with moderate pension to suffer ￡107k inheritance tax under new rules
72 Comments
Nigel Farage tells farmers to take protests to Labour-held rural constituencies
1482 Comments
Labour civil war erupts as Keir Starmer's MPs join Tories in calling for major U-turn
55 Comments
Kemi Badenoch warns Labour's ‘cruel' tax on farmers will destroy farming in Britain
304 Comments
Farmer told how to avoid Labour's tax raid - by Keir Starmer's own Environment Secretary
33 Comments
Grieving families of military personnel could face shock inheritance tax bill
1 Comments
Pensions expert says people need to act now to avoid Labour's inheritance tax grab
4 Comments
Inheritance tax raises ￡5billion in 7 months - 3 tips to protect your wealth from the raid
4 Comments
Rachel Reeves left ‘completely isolated' on tractor tax as expert cheerleader exposes flaw
435 Comments
Farmers face 'perfect storm' of challenges amid inheritance tax attack by Government
5 Comments
Keir Starmer squirms as his farmer tax blunder is exposed live on-air
345 Comments
Jeremy Clarkson slams Starmer as he dubs him 'nightmare for farmers'
162 Comments
Pensioners face huge tax raid that could see them lose 64 per cent of pension pots
1 Comments
Rachel Reeves told she can update CV to ‘Britain's worst Chancellor' by money expert
216 Comments
Jeremy Clarkson reveals real reason he bought farm - it wasn't to avoid inheritance tax
65 Comments
Farmers fearing Inheritance Tax rises can 'act now' to protect their legacy
1 Comments
Angela Rayner fails to rule out further inheritance tax raid on farmers
349 Comments
Labour is ‘crushing' the farming industry with ‘ideological' tax row
35 Comments
Death tax warning as UK households warned 'give money away' to avoid new tax rule
54 Comments
‘What is Labour thinking?!' BBC Question Time audience laughs at minister after brutal row
683 Comments
Average homeowner with moderate pension to suffer ￡107k inheritance tax under new rules
72 Comments
It urged the Chancellor to introduce a delay to the policy for the next few years to avoid treating some landowners unfairly.
The plans to introduce 20% Inheritance Tax on farms worth over ￡1 million has sparked widespread fury in the countryside and saw 10,000 farmers march on Whitehall last week.
The IFS’s analysis also damningly concluded that without a delay to the policy, it could impact Britain’s food security, and prevent elderly farmers being caught out by the change.
READ MORE: Rachel Reeves left isolated on tractor tax as expert supporter concedes big flaw
The IFS has called for the tax to be delayed (Image: PA)
David Sturrock, senior research economist at the IFS, said: “Current farm owners passing away in the next seven years (but after the new regime comes into force in April 2026) will not have had the opportunity to avoid inheritance tax by making lifetime gifts”.
“If the government wished to give current farm owners the same opportunity to avoid inheritance tax as owners of other assets, it could, for example, make lifetime gifts of agricultural property made before a certain future date inheritance tax free, regardless of the timing of the death.”
Last week it was claimed that Treasury officials were looking at mitigations for the policy, including allowing those over 80 to avoid the tax given the IHT seven year gifting rule deadline will likely have passed for them.
However Downing Street and the Treasury strenuously denied the report.
On Sunday Ms Reeves was dealt another blow, as a former cheerleader for the policy concluded it will clobber farmers while leaving the ultra-rich buying up land to avoid tax largely unaffected.
Don't miss...
'Rachel Reeves and Keir Starmer leave the future of UK farming on the line' [LATEST]
Kemi Badenoch warns Labour’s ‘cruel’ tax on farmers will destroy farming in UK [POLITICS]
Labour's hypocrisy laid bare as MP admits screeching U-turn on family farm tax [LABOUR]
Farmers are furious with the Government (Image: Getty)
Trending
SUBSCRIBE Invalid email
We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy Policy
Dan Neidle, a Labour supporter, had spent much of the past week backing Treasury figures regarding how many farms will be affected by the changes to Inheritance Tax.
He was cited by Labour MPs in defence of the policy, and held up by the BBC as proof that farmers are wrong to believe they will be hurt by the tax hikes.
However in a major U-turn on Sunday, Mr Neidle published detailed new evidence revealing that the Budget will clobber ordinary farmers, while failing to go after the mega-rich tax avoiders it purports to.
DON'T MISS
Powered by
Jeremy Clarkson reveals real reason he bought farm - it wasn't to avoid inheritance tax
65 Comments
Farmers fearing Inheritance Tax rises can 'act now' to protect their legacy
1 Comments
Angela Rayner fails to rule out further inheritance tax raid on farmers
349 Comments
Labour is ‘crushing' the farming industry with ‘ideological' tax row
35 Comments
Death tax warning as UK households warned 'give money away' to avoid new tax rule
54 Comments
‘What is Labour thinking?!' BBC Question Time audience laughs at minister after brutal row
683 Comments
Average homeowner with moderate pension to suffer ￡107k inheritance tax under new rules
72 Comments
Nigel Farage tells farmers to take protests to Labour-held rural constituencies
1482 Comments
Labour civil war erupts as Keir Starmer's MPs join Tories in calling for major U-turn
55 Comments
Kemi Badenoch warns Labour's ‘cruel' tax on farmers will destroy farming in Britain
304 Comments
Farmer told how to avoid Labour's tax raid - by Keir Starmer's own Environment Secretary
33 Comments
Grieving families of military personnel could face shock inheritance tax bill
1 Comments
Pensions expert says people need to act now to avoid Labour's inheritance tax grab
4 Comments
Inheritance tax raises ￡5billion in 7 months - 3 tips to protect your wealth from the raid
4 Comments
Rachel Reeves left ‘completely isolated' on tractor tax as expert cheerleader exposes flaw
435 Comments
Farmers face 'perfect storm' of challenges amid inheritance tax attack by Government
5 Comments
Keir Starmer squirms as his farmer tax blunder is exposed live on-air
345 Comments
Jeremy Clarkson slams Starmer as he dubs him 'nightmare for farmers'
162 Comments
Pensioners face huge tax raid that could see them lose 64 per cent of pension pots
1 Comments
Rachel Reeves told she can update CV to ‘Britain's worst Chancellor' by money expert
216 Comments
Jeremy Clarkson reveals real reason he bought farm - it wasn't to avoid inheritance tax
65 Comments
Farmers fearing Inheritance Tax rises can 'act now' to protect their legacy
1 Comments
Angela Rayner fails to rule out further inheritance tax raid on farmers
349 Comments
Labour is ‘crushing' the farming industry with ‘ideological' tax row
35 Comments
Death tax warning as UK households warned 'give money away' to avoid new tax rule
54 Comments
‘What is Labour thinking?!' BBC Question Time audience laughs at minister after brutal row
683 Comments
Average homeowner with moderate pension to suffer ￡107k inheritance tax under new rules
72 Comments
Nigel Farage tells farmers to take protests to Labour-held rural constituencies
1482 Comments
Labour civil war erupts as Keir Starmer's MPs join Tories in calling for major U-turn
55 Comments
Kemi Badenoch warns Labour's ‘cruel' tax on farmers will destroy farming in Britain
304 Comments
Farmer told how to avoid Labour's tax raid - by Keir Starmer's own Environment Secretary
33 Comments
Grieving families of military personnel could face shock inheritance tax bill
1 Comments
Pensions expert says people need to act now to avoid Labour's inheritance tax grab
4 Comments
Inheritance tax raises ￡5billion in 7 months - 3 tips to protect your wealth from the raid
4 Comments
Rachel Reeves left ‘completely isolated' on tractor tax as expert cheerleader exposes flaw
435 Comments
Farmers face 'perfect storm' of challenges amid inheritance tax attack by Government
5 Comments
Keir Starmer squirms as his farmer tax blunder is exposed live on-air
345 Comments
Jeremy Clarkson slams Starmer as he dubs him 'nightmare for farmers'
162 Comments
Pensioners face huge tax raid that could see them lose 64 per cent of pension pots
1 Comments
Rachel Reeves told she can update CV to ‘Britain's worst Chancellor' by money expert
216 Comments
Jeremy Clarkson reveals real reason he bought farm - it wasn't to avoid inheritance tax
65 Comments
Farmers fearing Inheritance Tax rises can 'act now' to protect their legacy
1 Comments
Angela Rayner fails to rule out further inheritance tax raid on farmers
349 Comments
Labour is ‘crushing' the farming industry with ‘ideological' tax row
35 Comments
Death tax warning as UK households warned 'give money away' to avoid new tax rule
54 Comments
‘What is Labour thinking?!' BBC Question Time audience laughs at minister after brutal row
683 Comments
Average homeowner with moderate pension to suffer ￡107k inheritance tax under new rules
72 Comments
After extensive analysis, he concluded that the few hundred mega rich people who have bought farm estates to take advantage of the current tax relief will be “unaffected by the Budget changes”, while the 125 estates worth more than ￡1.5 million will only be “somewhat affected” and are “not being hit hard enough”.
He admits that the number of farmers affected by the tax will be much higher than previously thought.
Mr Neidle concludes that the Budget does nothing to stop rich people taking advantage of the current low taxes for farmers, and that the cap should be raised “dramatically” so that only the wealthiest farms become subject to inheritance tax.