Farmers across the south of England are calling for change after it was announced that some farms would be charged inheritance tax.
It was announced in the Autumn budget thay from April 2026, combined business and agricultural assets worth more than £1m would be taxed at 20 per cent when they are passed on to the next generation.
This is half the standard rate of 40 per cent.
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There has been a range of claims about how many farms will be affected. Before the announcement, farmers had been exempt from paying inheritance tax since 1984.
Speaking to the BBC, Berkshire farmer George Brown, who works at Peasemore farm near Newbury, stated: “They've got their maths wrong, it is going to affect a lot more farmers.”
He added that the rules means his young children ‘wouldn’t be able to afford to run it’.
"They will almost certainly have to pay for it over ten years," he told the BBC.
He added that farmers ‘will just need to keep the pressure on in the coming month’.
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About 20,000 have attended a protest today (November 19) in London - the biggest protest yet over the government's domestic policy agenda.
In attendance is former Top Gear host Jeremy Clarkson, who owns his own farm in Chipping Norton.
He told the government that there is ‘very little money’ in farming so ‘what is the point?’
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