Submitted by Tim Burt on Thursday 31st October 2024
Published on Wednesday 13th November 2024
Current status: Open
Open until: Tuesday 13th May 2025
Current Signatures: 18,176
(count is updated approximately hourly)
Relevant Departments
Don't change inheritance tax relief for working farms
We think that changing inheritance tax relief for agricultural land will devastate farms nationwide, forcing families to sell land and assets just to stay on their property. We urge the government to keep the current exemptions for working farms.
We feel that passing farms through generations is essential to UK farming. Until now, inheritance tax exemptions have made this possible by allowing farmland to pass without taxation. We think that changes to inheritance tax will harm UK farming deeply, with some farmers predicting their families will be forced out within two generations.
We think the government is framing the policy around the targeting of rich landowners, but we believe this policy will affect farming families of all sizes.
If you want to sign this petition (as opposed to merely discuss it), you need to do that on the government's e-Petitions website.
18.225.92.60 Thu, 21 Nov 2024 08:56:40 +0000