Henry Tuffnell is one of the youngest MPs in Parliament (Image: PA/Getty)
In a move that could save them millions, the family of a Labour MP transferred their farmland just 20 days before Chancellor Rachel Reeves announced changes to inheritance tax for farmers.
The transfer was carried out by the parents of Henry Tuffnell, the newly-elected 32-year-old MP for Mid and South Pembrokeshire.
DON'T MISS
Powered by
Environment secretary Steve Reed slammed as totally 'misunderstanding' new farmer's tax
19 Comments
Farmer warns of risks to sector following Labour's inheritance tax attack
14 Comments
HMRC informants leave grieving families with huge ￡94,000 inheritance tax bills
1 Comments
Farmers demand face to face meeting with Chancellor
36 Comments
Pensions expert says people need to act now to avoid Labour's inheritance tax grab
8 Comments
Rachel Reeves reeling as experts warn dreaded farming tax raids should be delayed
9 Comments
Average homeowner with moderate pension to suffer ￡107k inheritance tax under new rules
72 Comments
Jeremy Clarkson reveals real reason he bought farm - it wasn't to avoid inheritance tax
67 Comments
Escape to the Country star Jules Hudson furiously defends farmers after protest storm
1 Comments
Farmers fearing Inheritance Tax rises can 'act now' to protect their legacy
1 Comments
Farmer told how to avoid Labour's tax raid - by Keir Starmer's own Environment Secretary
33 Comments
Inheritance tax loophole could save millions of Brits from 40% death duty
Comments
Fury as clueless Labour MP says inheritance tax raid will be 'good for UK farmers'
2 Comments
Rachel Reeves told she can update CV to ‘Britain's worst Chancellor' by money expert
217 Comments
Tax raid on farmers could impact five times more businesses than government claims
6 Comments
Farmers will be forced to sell farms to cover inheritance tax bills warns IFS
127 Comments
Inheritance tax raid warning as people born before 1967 flee UK to escape new bills
5 Comments
Britons considering retiring abroad to ditch Inheritance Tax - what you need to know
Comments
Simple trick to help everyone survive Labour's IHT raid - follow the new 5-year rule
15 Comments
Farmer warns Labour's inheritance tax raid is 'stealing our children's future'
28 Comments
Environment secretary Steve Reed slammed as totally 'misunderstanding' new farmer's tax
19 Comments
Farmer warns of risks to sector following Labour's inheritance tax attack
14 Comments
HMRC informants leave grieving families with huge ￡94,000 inheritance tax bills
1 Comments
Farmers demand face to face meeting with Chancellor
36 Comments
Pensions expert says people need to act now to avoid Labour's inheritance tax grab
8 Comments
Rachel Reeves reeling as experts warn dreaded farming tax raids should be delayed
9 Comments
Average homeowner with moderate pension to suffer ￡107k inheritance tax under new rules
72 Comments
Jeremy Clarkson reveals real reason he bought farm - it wasn't to avoid inheritance tax
67 Comments
Escape to the Country star Jules Hudson furiously defends farmers after protest storm
1 Comments
Farmers fearing Inheritance Tax rises can 'act now' to protect their legacy
1 Comments
Farmer told how to avoid Labour's tax raid - by Keir Starmer's own Environment Secretary
33 Comments
Inheritance tax loophole could save millions of Brits from 40% death duty
Comments
Fury as clueless Labour MP says inheritance tax raid will be 'good for UK farmers'
2 Comments
Rachel Reeves told she can update CV to ‘Britain's worst Chancellor' by money expert
217 Comments
Tax raid on farmers could impact five times more businesses than government claims
6 Comments
Farmers will be forced to sell farms to cover inheritance tax bills warns IFS
127 Comments
Inheritance tax raid warning as people born before 1967 flee UK to escape new bills
5 Comments
Britons considering retiring abroad to ditch Inheritance Tax - what you need to know
Comments
Simple trick to help everyone survive Labour's IHT raid - follow the new 5-year rule
15 Comments
Farmer warns Labour's inheritance tax raid is 'stealing our children's future'
28 Comments
Environment secretary Steve Reed slammed as totally 'misunderstanding' new farmer's tax
19 Comments
Farmer warns of risks to sector following Labour's inheritance tax attack
14 Comments
HMRC informants leave grieving families with huge ￡94,000 inheritance tax bills
1 Comments
Farmers demand face to face meeting with Chancellor
36 Comments
Pensions expert says people need to act now to avoid Labour's inheritance tax grab
8 Comments
Rachel Reeves reeling as experts warn dreaded farming tax raids should be delayed
9 Comments
Average homeowner with moderate pension to suffer ￡107k inheritance tax under new rules
72 Comments
Mark and Jane Tuffnell own the Calmsden estate in the Cotswolds, which holds 2,200 acres of land - but now some of the land has been transferred to a close family member, the Daily Mail reports.
The move could raise questions about whether the family had prior knowledge about the changes to inheritance tax as they could now save millions.
Farmers were previously exempt from inheritance tax, but will now only be exempt up until a threshold of ￡3million for a married couple passing down assets.
READ MORE Farmer warns Labour's inheritance tax raid is 'stealing our children's future' [POLITICS]
Henry Tuffnell with Keir Starmer at Parliament (Image: Henry Tuffnell/X)
The Daily Mail reports that the couple transferred Upper Colne Farm and Stud directly to Henry's brother Albermarle, 22
Mr and Mrs Tuffnell's property also boasts an tennis court, spring-fed swimming pool and ornamental gardens.
They also own properties that are located within the estate as well as a ￡4.4million house.
With ￡10,000 the rough value of an acre, the estate could have resulted in a tax liability of more than ￡4million.
Upper Colne is reportedly a farming business that controls around a quarter of the Calmsden Estate's holdings. This represents ￡2,017,081 worth of assets.
Rachel Reeves angered farmers with the inheritance tax changes (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
Just a week before the Budget, Mark set up the "Tufnell 2024 Settlement" trust.
This could allow assets to be passed down to grandchildren with minimal duties.
The Tufnell's tax planning is legal, but it has sparked anger from opponents to Labour's 'tractor tax'.
Shadow Welsh Secretary Mims Davies called the situation "hypocrisy of the highest order."
He added: "Hard-working farmers and their families who are facing a real threat to their family farm will rightly feel very hard done by when it appears one of Labour's own has managed, it seems, to be saved from this cruel tax hike,"
A source close to the family denied having any prior knowledge about the inheritance tax changes announced in the Budget.
They added: "My family is like many farming families, and you could say they are doing the exact thing that every farmer in Pembrokeshire should be doing, which is to take advice from an adviser and act on it."
DON'T MISS
Powered by
Environment secretary Steve Reed slammed as totally 'misunderstanding' new farmer's tax
19 Comments
Farmer warns of risks to sector following Labour's inheritance tax attack
14 Comments
HMRC informants leave grieving families with huge ￡94,000 inheritance tax bills
1 Comments
Farmers demand face to face meeting with Chancellor
36 Comments
Pensions expert says people need to act now to avoid Labour's inheritance tax grab
8 Comments
Rachel Reeves reeling as experts warn dreaded farming tax raids should be delayed
9 Comments
Average homeowner with moderate pension to suffer ￡107k inheritance tax under new rules
72 Comments
Jeremy Clarkson reveals real reason he bought farm - it wasn't to avoid inheritance tax
67 Comments
Escape to the Country star Jules Hudson furiously defends farmers after protest storm
1 Comments
Farmers fearing Inheritance Tax rises can 'act now' to protect their legacy
1 Comments
Farmer told how to avoid Labour's tax raid - by Keir Starmer's own Environment Secretary
33 Comments
Inheritance tax loophole could save millions of Brits from 40% death duty
Comments
Fury as clueless Labour MP says inheritance tax raid will be 'good for UK farmers'
2 Comments
Rachel Reeves told she can update CV to ‘Britain's worst Chancellor' by money expert
217 Comments
Tax raid on farmers could impact five times more businesses than government claims
6 Comments
Farmers will be forced to sell farms to cover inheritance tax bills warns IFS
127 Comments
Inheritance tax raid warning as people born before 1967 flee UK to escape new bills
5 Comments
Britons considering retiring abroad to ditch Inheritance Tax - what you need to know
Comments
Simple trick to help everyone survive Labour's IHT raid - follow the new 5-year rule
15 Comments
Farmer warns Labour's inheritance tax raid is 'stealing our children's future'
28 Comments
Environment secretary Steve Reed slammed as totally 'misunderstanding' new farmer's tax
19 Comments
Farmer warns of risks to sector following Labour's inheritance tax attack
14 Comments
HMRC informants leave grieving families with huge ￡94,000 inheritance tax bills
1 Comments
Farmers demand face to face meeting with Chancellor
36 Comments
Pensions expert says people need to act now to avoid Labour's inheritance tax grab
8 Comments
Rachel Reeves reeling as experts warn dreaded farming tax raids should be delayed
9 Comments
Average homeowner with moderate pension to suffer ￡107k inheritance tax under new rules
72 Comments
Jeremy Clarkson reveals real reason he bought farm - it wasn't to avoid inheritance tax
67 Comments
Escape to the Country star Jules Hudson furiously defends farmers after protest storm
1 Comments
Farmers fearing Inheritance Tax rises can 'act now' to protect their legacy
1 Comments
Farmer told how to avoid Labour's tax raid - by Keir Starmer's own Environment Secretary
33 Comments
Inheritance tax loophole could save millions of Brits from 40% death duty
Comments
Fury as clueless Labour MP says inheritance tax raid will be 'good for UK farmers'
2 Comments
Rachel Reeves told she can update CV to ‘Britain's worst Chancellor' by money expert
217 Comments
Tax raid on farmers could impact five times more businesses than government claims
6 Comments
Farmers will be forced to sell farms to cover inheritance tax bills warns IFS
127 Comments
Inheritance tax raid warning as people born before 1967 flee UK to escape new bills
5 Comments
Britons considering retiring abroad to ditch Inheritance Tax - what you need to know
Comments
Simple trick to help everyone survive Labour's IHT raid - follow the new 5-year rule
15 Comments
Farmer warns Labour's inheritance tax raid is 'stealing our children's future'
28 Comments
Environment secretary Steve Reed slammed as totally 'misunderstanding' new farmer's tax
19 Comments
Farmer warns of risks to sector following Labour's inheritance tax attack
14 Comments
HMRC informants leave grieving families with huge ￡94,000 inheritance tax bills
1 Comments
Farmers demand face to face meeting with Chancellor
36 Comments
Pensions expert says people need to act now to avoid Labour's inheritance tax grab
8 Comments
Rachel Reeves reeling as experts warn dreaded farming tax raids should be delayed
9 Comments
Average homeowner with moderate pension to suffer ￡107k inheritance tax under new rules
72 Comments
A spokesperson for Henry told The Pembrokeshire Herald: "As has been widely reported, it would seem that even Steve Reed, the Secretary of State for DEFRA, was not aware of the specific changes to APR and Business Property Relief (BPR) before the Budget was announced.
"It would, therefore, be implausible to suggest that Henry…would have this kind of knowledge prior to the Chancellor’s Budget announcements before they were made public."
The Express has contacted Henry Tuffnell's office for further comment.