Family farms to pass down property up to £5 million without tax under new plans |
Family farms will be able to pass on up to £5 million of agricultural property tax-free under new government plans.
Catherine Fookes, MP for Monmouthshire, has welcomed the Government’s announcement that the inheritance tax threshold for agricultural property will be increased following talks with farmers, the NFU, and the FUW.
She raised the issue with the Treasury on behalf of........