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Category: Inheritance

  • UK extends seasonal farm worker scheme for five years as inheritance tax row rumbles on

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    Investor Empires

    In an attempt to alleviate tensions with the agricultural sector, the Minister of Environment Steve Reed is scheduled to emphasize a five -year extension of the UK workers’ plan in the United Kingdom. The advertisement, which is due at the National Union of Farmers (NFU), follows weeks of discontent raised…

  • ‘Heartbroken’ young farmers join London protests over Labour’s inheritance tax changes

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    Investor Empires

    In the early hours of the morning, Tom Lucas, 16, ascended to his 16-year-old Jargson, called for the sick college, and started an eight-hour trip to London-where he was walking only 16 miles per hour . The young farmer from Cambridgeshire made a trip to join hundreds of farmers and…

  • Supermarket giant Morrisons backs farmers as inheritance tax row lands blow to Starmer

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    Investor Empires

    In a setback for Prime Minister Sir Keir Starmer, one of Britain’s largest supermarkets has announced its public support for farmers opposed to the government’s planned inheritance tax (IHT) reforms. Sophie Throop, head of farming at Morrisons, posted a video message on X (formerly Twitter) declaring the retailer’s solidarity with…

  • Farmers descend on Westminster amid inheritance tax row as Starmer faces MPs’ questions

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    Investor Empires

    Hundreds of farmers gathered in Westminster today, chanting “No farmers, no food” outside Downing Street, as Prime Minister Sir Keir Starmer faced a tough grilling in the House of Commons over proposed changes to inheritance tax. Tractors blocked parts of Whitehall during a demonstration organized by Save British Farming and…

  • Think tank calls for delay in farm inheritance tax to ensure fairness

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    Investor Empires

    Ministers should give farmers an inheritance tax break to prevent unfair treatment under upcoming tax changes, according to the Institute for Fiscal Studies (IFS). The IFS has warned that the government’s proposed changes to agricultural taxes risk treating some landowners unfairly and could impact food security if not appropriately mitigated.…

  • Think tank calls for delay in farm inheritance tax to ensure fairness

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    Investor Empires

    Ministers should give farmers an inheritance tax break to prevent unfair treatment under upcoming tax changes, according to the Institute for Fiscal Studies (IFS). The IFS has warned that the government’s proposed changes to agricultural taxes risk treating some landowners unfairly and could impact food security if not appropriately mitigated.…

  • Farmers to hold ‘national strike’ against inheritance tax changes, disrupting supermarket meat and crop supplies

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    Investor Empires

    British farmers are set to stage a “national strike” next week, banning meat and produce from supermarkets in protest against Labour’s new inheritance tax policies. Starting on Sunday, thousands of farmers plan to take part in the week-long strike, which includes a march in London on November 19, where more…

  • Berry Bros & Rudd families warn inheritance tax changes threaten legacy of historic wine business

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    Investor Empires

    The Berry and Rudd families, owners of prestigious London wine merchant Berry Bros & Rudd, have raised concerns about recent inheritance tax reforms which could threaten the future of their 376-year-old business. The Labor government’s proposed 50% cut in commercial property relief – which allows family-owned businesses to pass on…

  • Suppliers warn farming inheritance tax will jeopardise UK food security

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    Investor Empires

    Farming leaders and suppliers are warning that Chancellor Rachel Reeves’ inheritance tax on farming assets exceeding £1m could undermine Britain’s food security, making the UK more dependent on foreign imports. Business leaders, including Nigel Murray, managing director of Booth Supermarkets, have expressed concerns that the tax changes could erode incentives…

  • Suppliers warn farming inheritance tax will jeopardise UK food security

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    Investor Empires

    Farming leaders and suppliers are warning that Chancellor Rachel Reeves’ inheritance tax on farming assets exceeding £1m could undermine Britain’s food security, making the UK more dependent on foreign imports. Business leaders, including Nigel Murray, managing director of Booth Supermarkets, have expressed concerns that the tax changes could erode incentives…

  • James Dyson condemns ‘spiteful’ inheritance tax in budget, warns of impact on family businesses

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    Investor Empires

    Sir James Dyson has strongly criticized Chancellor Rachel Reeves’ latest Budget, describing the new inheritance tax policy as a “spiteful” move that threatens the future of family businesses in the UK. Under the changes, family-owned businesses and farms worth more than £1m will face a 20 per cent inheritance tax…

  • James Dyson condemns ‘spiteful’ inheritance tax in budget, warns of impact on family businesses

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    Investor Empires

    Sir James Dyson has strongly criticized Chancellor Rachel Reeves’ latest Budget, describing the new inheritance tax policy as a “spiteful” move that threatens the future of family businesses in the UK. Under the changes, family-owned businesses and farms worth more than £1m will face a 20 per cent inheritance tax…

  • Family businesses face new inheritance tax burden as relief cut to 50%

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    Investor Empires

    In a major shift affecting family-owned businesses, the Chancellor of the Exchequer has announced that the Business Property Relief (BPR) will be reduced to 50% from April 2026, exposing thousands of family businesses to inheritance tax for the first time in decades. Although business assets were previously exempt, they will…

  • If Warren Buffett’s Son Didn’t Sell His 90K Berkshire Hathaway Inheritance 47 Years Ago To ‘Buy Time,’ He Would Have This Much Today

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    Investor Empires

    If Warren Buffett’s son hadn’t sold his $90,000 inheritance from Berkshire Hathaway 47 years ago to “buy time,” he’d have that much money today. Peter Buffettson of the legendary investor Warren BuffettHe made a life-changing decision 47 years ago when he traded his inheritance to “buy time.” And even though…

  • Inheritance tax receipts hit £2.1 billion in three months

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    Investor Empires

    Figures released by HMRC this morning showed inheritance tax revenues hit £2.1 billion between April and June in the 2024/25 tax year. This is £83m more than the same period last year, continuing a two-decade trend of increased revenues. The previous full tax year saw total inheritance tax revenues of…

  • Families Rush to Transfer Property Amid Fears of Labour’s Inheritance Tax Crackdown

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    Investor Empires

    Wealthy landowners are hastily transferring their estates to their children ahead of the general election, driven by fears that a Labor government may tighten inheritance tax breaks. Concerns about potential tax bills have prompted many to speed up property transfers, said Joseph Adonis, a partner at Moore Kingston Smith and…

  • Inheritance Tax Conflicts with Conservative Values, Says Hunt

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    Investor Empires

    Chancellor of the Exchequer Jeremy Hunt declared the inheritance tax unfair and “deeply anti-Tory”, and pledged to support the middle classes with tax breaks. In an interview with TelegraphHunt stressed the Conservative Party’s commitment to ending taxes that discourage earning and saving, and pledged to build on recent cuts to…