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Labour Review Warns Starmer's Tax Changes Threaten Farms

12/7/2025

Summary

Story summary

A Labour-commissioned review led by Baroness Batters will show that Sir Keir Starmer's inheritance tax changes could harm farms.
The report identifies a 20% tax on inherited agricultural assets over £1 million, effective April 2026.
The government says the measures target tax avoidance, but farming groups say removing the agricultural exemption last year created uncertainty.
More than 30 Labour MPs abstained from voting on the changes, signaling significant internal opposition.

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Story summary

A Labour-commissioned review led by Baroness Batters will show that Sir Keir Starmer's inheritance tax changes could harm farms.
The report identifies a 20% tax on inherited agricultural assets over £1 million, effective April 2026.
The government says the measures target tax avoidance, but farming groups say removing the agricultural exemption last year created uncertainty.
More than 30 Labour MPs abstained from voting on the changes, signaling significant internal opposition.