Rachel Reeves’s ‘tractor tax’ will hit 2,500 farmers a year, 75,000 over a generation – five times as many as the Chancellor claims because she doesn’t understand the industry, a leading expert has said. The Telegraph has more.
Treasury analysis that claims the Chancellor’s changes to agricultural relief on inheritance tax will affect just 500 farmers each year is “wrong” because it has not properly understood the industry, the Central Association of Agricultural Valuers (CAAV) has said.
The figures have also been analysed by BBC Verify, the broadcaster’s fact-checking service, which has sided with the Treasury while dismissing significantly higher numbers published by the industry.
However, Jeremy Moody the Secretary and Adviser to the CAAV said the measures will in fact hit 2,500 farmers each year, five times the Treasury’s estimates.
He said: “They’re wrong because they’re working on an incomplete picture.”
“What they got wrong is, they didn’t know what to ask and HMRC couldn’t answer them even if they had.”
Over a generation, Mr. Moody said 75,000 farms will be affected by the changes.
Currently, farmers can claim up to 100% relief on inheritance tax on their land and buildings through agricultural property relief (APR) and up to 100% relief on their operational equipment and livestock via business property relief (BPR).
However from April 2026, only the first £1 million of both their land and business combined will qualify for 100% relief through APR and BPR under changes announced by Ms. Reeves last month. Above this threshold, inheritance tax will be charged on their estates at an effective rate of 20%. Estates are normally charged 40% but farmers will continue to benefit from relief on half of that amount.
The Government has been publicising the BBC’s analysis of the Treasury figures, with Sir Keir Starmer telling reporters last week: “All of you can check out what that means in terms of the impact. I think the BBC has already done it.”
While the Government has insisted that this analysis incorporates claims for both BPR and APR combined, Mr. Moody said it has approached the calculation in the wrong way.
The Treasury analysis was based on how many estates claimed APR and then claimed BPR, but this has “completely missed” the people who are farmers but only claim BPR, Mr Moody said.
The Treasury and the BBC’s analysis has therefore missed people who own the land but do not own the farmhouse (such as those in farming partnerships), people who only have tenanted businesses and therefore do not own land or buildings, and farmers who are shareholders in family companies.
Mr. Moody said: “All of these categories come together to produce really quite a serious number of people and some of them are really quite significant claims. A dairy farm with 200 dairy cows will start with £500,000 worth of dairy cattle before anything else.”
Incorporating estimates for all of these people, the number of individual taxpayers who will be affected will in fact be 2,500 per year, Mr. Moody said.
Worth reading in full.
Stop Press: Farmers can marry their mother-in-law to avoid the new tax, it has emerged, as spouses still qualify for 100% tax relief. As long as everyone’s clear where they stand on conjugal rights…
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The 70-year-old drug dealer, who was granted anonymity,
Why? Why was he granted anonymity? Come to think of it, why has our degenerate Establishment given up on protecting our people from the social dross they’ve imported?
This makes one wonder if foreigners will eventually, with full backing of the UN refugee agency, be deported for not breaking the law.
So an unelected foreign body, namely the U.N runs the U.K. Glad that’s sorted then.
Smackheads and Turkish barbers are some of the nicest people I’ve ever known.
Remember when we were a sovereign nation?
It is a blindside attack. No population even if they were particularly astute and enlightened could fend off or even anticipate an assault of this kind. This new method of warfare can’t really be defended against. We have been robbed of the tools to fight spiritual warfare. That’s what they ought to say at arrivals at Heathrow – abandon hope all ye who enter here. Unless you are part of the forces of darkness of course, in which case you will have a wail of a time.
The judiciary is not fit for purpose. They are the enemy within.
I regret I see it that way too.
They are interpreting the laws the politicians put in place. Change the law or repeal it and they wouldn’t be able to. The problem starts and ends in Westminster.
Good point. There is an interesting discussion about this, on the latest podcast.
I think that’s too simplistic. Anybody who gets a jail sentence could argue that this denies him his human right to a family life. Further, referring to a Kurdish mobster operating at executive level in his organisation as refugee is totally absurd. Considering this, this verdict is obviously a malicious interpretation of the convention on human rights or rather, a political one: The people behind this are convinced that there ought to be an unlimited right of immigration into welfare states, ie, that deportation is never legitimate. Hence, they ‘find’ accordingly whenever they have an option to do so.
These politicians in disguise must either be purged from the ECHR or any country whose leaders intend to exercise souvereign control over its borders must leave.
The Southport child-killer didn’t cover his face today;
https://x.com/astor_charlie/status/1869426969995293147
And he had the jihadi training manual for up to 3 years. Did the authorities know? I’ll bet any money his parents knew;
“Axel Rudakubana had been in possession of “The Al-Qaeda Training Manual” up to 3 years before the Southport massacre!
Court proceedings today reveal that Rudakubana is being charged with being in possession of the manual between 2021-24
This has dramatic implications: is it that security and counter terrorism services failed to pick up upon Rudakubana’s activities, or did they know but fail to sufficiently intervene?
Either possibility is sickening… This gets worse and worse.”
https://x.com/astor_charlie/status/1869407846510510085
Is he not being charged with pre meditated murder of three children? This never gets mentioned, he is a child murderer with terrorist sympathies, whole life sentence with absolutely no chance of parole…. Pity we gave up with rope and drop…
Yes, agree. It was actually the judge who decided to put his plea of ‘not guilty’ forward for him today because he refused to speak, apparently. So this trial will be interesting…What on earth do they do in this situation, if the accused decides to play silly buggers and wants to remain non-verbal? I think we can put money on the fact his defense will go the ‘diminished responsibility’ route. There was also the concern that he’d be tried as a child because he was <18yrs when he murdered those girls, attempted to murder ten others, I think.
“Diminished responsibility” is also always nice for the security and wider state apparatus because it both implies that nobody could have foreseen and thus, prevented this and that this was ‘just’ a lone lunatic. Contrast this with so-called
whiteright wing extremists who are invariably always acting according to coldly premediated political plan and who are always part of some shady global internetwhiteright wing extremists network, regardless of how obviously deranged they are.The typical
whiteright wing extremist is a sexually frustrated loner living together with his husbandless mother who has a history of depression etc and usually commits suicide as crowning part of his action. The clinical term for this is extended suicide. But not forwhiteright wing extremists. These are always mentally sane and just evil.Who seeks out Turkish barbers? A very small number I would imagine. It isn’t a particularly sophisticated camoflage but it seems to work. You hear people asking thequestion about why there are fifty Turkish barbers in there small insalubrious city. Well, they might give you a good haircut and beard trim but that is because they are high on the profits from elsewhere. Illegal entries are instructed to go to the nearest Turkish barber you dig.
Just what we would expect from the judiciary and the elites.
Well of course he fucking did.
It’s only indigenous brits have no rights at all, to free speech freedom of association ownership of firearms.
We have the right or rather the obligation to pay for a million and a half freeloaders per year who arrive and rape our kids…
Same profile of attacker and victims, every single time. And I saw a picture elsewhere of the lady he murdered and she was white.
”Algerian asylum seeker Nasen Saadi has been found guilty of the murder of Amie Gray, 34 on Durley Chine Beach, Bournemouth.
He spent a month planning the random murder of the two women.
I’m not aware of a verdict on the attempted murder of Leanne Miles, 38.”
https://x.com/DaveAtherton20/status/1869414672572559663
One can only wonder what crime would result in anyone being removed from the UK.
I can only think of one possible ‘crime’ – saying nasty hurty things about 2TK Starmer. Otherwise mass killers, rapists, bank robbers, child molesters – all are VERY welcome in the UK!
Everyone in the world can have “rights” except British citizens We need a class action against the judiciary for breaching our rights
No point Philp protesting: The Treacherous Tories won’t repeal the HRA and leave the ECHR. So he’s just making noises.
Reform, on the other hand …..