U-turn on inheritance tax for farmers ‘snuck out’ to avoid scrutiny, say Tories

Published 3 hours ago
Source: theguardian.com
U-turn on inheritance tax for farmers ‘snuck out’ to avoid scrutiny, say Tories

Victoria Atkins says announcement to raise tax threshold from £1m to £2.5m days before Christmas ‘seems very odd’

Ministers “snuck out” the announcement that they had decided to U-turn on inheritance tax for farmers, the Conservatives have said after the government revealed the move in a press release two days before Christmas.

The shadow environment secretary, Victoria Atkins, accused the government of trying to dodge scrutiny of its latest policy reversal, under which the threshold for taxing inherited farmland will rise from a planned £1m to £2.5m.

Continue reading...

Categories

Tax and spendingInheritance taxFarmingConservativesPoliticsVictoria AtkinsUK newsEnvironment