Farmers' groups clash with Treasury over inheritance tax reform

Industry leaders express frustration as Treasury officials reject proposals

Sahar Nazir
clock • 2 min read

Industry groups, including representatives from the National Farmers’ Union (NFU), Country Land and Business Association (CLA), Tenant Farmers Association (TFA), and the Central Association for Agricultural Valuers (CAAV), met with Treasury officials on Tuesday (18 February) to discuss potential changes to inheritance tax (IHT).

However, industry leaders emerged from the discussions expressing frustration at what they described as a lack of willingness from the government to reconsider its stance, Farmers Guardian reported. Following the meeting, NFU President Tom Bradshaw voiced his disappointment, stating that the Treasury remains unwavering in its position. "Today's meeting was deeply frustrating. The government is convinced it has made the right decisions and insists that the exemptions currently in place are generous. The door is firmly shut on any further discussion," he said. CLA President Victoria Vyv...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Rewriting the rules of engagement: Innovating for the future of wealth and financial advice

Rewriting the rules of engagement: Innovating for the future of wealth and financial advice

‘Hyper-personalisation and fintech disruptors are reshaping financial advice’

Sneha Shah
clock 15 April 2025 • 3 min read
News editor's view: A week of acquisitions and consolidation

News editor's view: A week of acquisitions and consolidation

The news editor's Friday Night Takeaway from 11 April

Sahar Nazir
clock 14 April 2025 • 3 min read
London pushed out of top five wealthiest cities as millionaires exit

London pushed out of top five wealthiest cities as millionaires exit

Comes as Labour cracks down on non-doms

Sahar Nazir
clock 09 April 2025 • 1 min read