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Farmers Face 20% Inheritance Tax Criticism from Liberals

8/28/2025

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Summary

Story summary

Liberal Democrat leader Ed Davey and MP Tessa Munt criticized the government's inheritance tax plan at Warren's Farm Shop in Somerset.
They argued that a 20% tax on inherited agricultural assets over £1 million could negatively impact farmers.
The government defended the reforms, stating that three-quarters of estates will not incur inheritance tax.
Munt highlighted the importance of resilient farming in the face of climate change.

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Story summary

Liberal Democrat leader Ed Davey and MP Tessa Munt criticized the government's inheritance tax plan at Warren's Farm Shop in Somerset.
They argued that a 20% tax on inherited agricultural assets over £1 million could negatively impact farmers.
The government defended the reforms, stating that three-quarters of estates will not incur inheritance tax.
Munt highlighted the importance of resilient farming in the face of climate change.