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

FCA to encourage greater investment and increase risk appetite among UK savers

FCA to encourage greater investment and increase risk appetite among UK savers

A 'rebalancing of risk'

Linus Uhlig
clock 24 March 2025 • 1 min read
'The protection industry doesn't understand advisers' – FCA review sparks debate on market gaps

'The protection industry doesn't understand advisers' – FCA review sparks debate on market gaps

Experts warn that insurers must do more to engage advisers and close the protection gap

Sahar Nazir
clock 24 March 2025 • 4 min read
Tough fiscal measures 'in the offing' as Reeves expected to cut spending in Spring Forecast

Tough fiscal measures 'in the offing' as Reeves expected to cut spending in Spring Forecast

Spring Forecast coming up on 26 March

Sorin Dojan
clock 24 March 2025 • 4 min read