UK's Labour to unveil hotly-awaited budget with billions in tax rises expected
CNBCNov 04, 2024
Thousands have attended a march in London to protest the UK Government's recent policy announcement concerning inheritance tax for farmers.
During October's Autumn Budget, it was announced that a 20% inheritance tax will apply to agricultural and business property worth over £1M (US$1.3M) from April 2026. The UK Government has stated that, alongside other inheritance exemptions, a couple with farmland may be apply to pass on up to £3M ($3.8M) tax-free.