Britain's Farmers Face Grim New Inheritance Tax Reality
By Alec Marsh
The chancellor's attack on inheritance tax relief for farmers caused panic last autumn. Now the crop dust has settled somewhat, Alec Marsh surveys the damage.
The British are good at gallows humour, which explains the wry suggestions in legal circles that elderly owners of farming estates should marry their daughter-in-law or son-in-law to mitigate tax, "so long as the right pre- and post-nup are in place".
An even more extreme suggestion for tax mitigation is to take the precaution of dying before 6 April 2026, in which case one's whole estate would still get passed on tax-free.
Alec Marsh surveys the damage caused by the chancellor's decision to upend the longstanding relief on inheritance tax on agricultural land.
Author's summary: Farmers face new inheritance tax reality.
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