大象传媒

The recent Budget announcement means that previously-exempt farms worth more than 拢1m would have to pay an inheritance tax of 20% - half the usual rate of 40% - from April 2026.

The president of the National Farmers Union told the 大象传媒 the measures announced in the Budget were "completely unjust".

But the Environment Secretary Steve Reed said: "We've had to ask those with the broadest shoulders to pay a little bit more". He added "the vast majority of farmers will pay nothing" even after the changes.

(Image: PA)