The Labour government led by British Prime Minister Stammer has raised the threshold for agricultural property inheritance tax from £1 million to £2.5 million. This change means that married couples or civil partners can collectively inherit £5 million of farm or other commercial property without having to pay inheritance tax. Prior to that, the government initially proposed cutting farm tax breaks, which sparked anger among farmers across the UK, and the government was then forced to “turn around.”

The Labour government led by British Prime Minister Stammer has raised the threshold for agricultural property inheritance tax from £1 million to £2.5 million. This change means that married couples or civil partners can collectively inherit £5 million of farm or other commercial property without having to pay inheritance tax. Prior to that, the government initially proposed cutting farm tax breaks, which sparked anger among farmers across the UK, and the government was then forced to “turn around.”