India  

Typical family farm 'would have to spend 159% of its profits for a decade to pay inheritance tax'

Sky News Monday, 11 November 2024
Typical family farm 'would have to spend 159% of its profits for a decade to pay inheritance tax'A typical family farm would have to put 159% of annual profits into paying the new inheritance tax every year for a decade and could have to sell 20% of their land, according to new analysis.
0
shares
ShareTweetSavePostSend
 

You Might Like


Related videos from verified sources

Atkins slams Labour and seeks support to axe family farm tax [Video]

Atkins slams Labour and seeks support to axe family farm tax

Shadow Environment Secretary Victoria Atkins criticises Labour's time in office so far as she calls for the party's MPs to join her in a vote to axe the family fam tax proposed as part of Rachel..

Credit: ODN     Duration: 00:55Published
Steve Reed defends government amid farm tax protest [Video]

Steve Reed defends government amid farm tax protest

Steve Reed has defended the government's decision to introduce inheritance tax on farms worth over £1 million. The environment secretary said Labour's Inheritance Tax plans became necessary because of..

Credit: ODN     Duration: 00:47Published
Jeremy Clarkson urges government to 'back down' on farm tax [Video]

Jeremy Clarkson urges government to 'back down' on farm tax

Jeremy Clarkson has pleaded with Labour to "back down" over its Inheritance Tax on farms as he joined thousands of farmers for a mass protest in London on Tuesday. The 64-year-old former Top Gear..

Credit: ODN     Duration: 01:04Published