Submitted on Friday 1st November 2024
Rejected on Thursday 14th November 2024
Current status: Rejected
Rejection code: duplicate (see below for details)
Stop inheritance tax on farms
The new tax changes to UK Farms to increase IHT and reduce APR and BPR will force thousands of family farms to be sold. I believe the information data source from the Treasury is incorrect and will impact approx. 70,000 farms rather than the 30% of ‘large landowners’ as reported by the Labour Gov.
Correctly analysis the data and reverse the crippling tax implications on farmers, who already are struggling to make profits, let along pay more tax and significantly impact any future possibility of passing farms to the next generation. It will have significant knock on affects on the food production, rural economy and farmers mental health.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
You may wish to sign this petition which calls for the same action: petition.parliament.uk/petitions/700138
18.217.246.133 Tue, 03 Dec 2024 16:47:03 +0000
