UK farmers protest against new inheritance tax rules for land ownership, set to start in 2026.

UK farmers are protesting in London against upcoming changes to inheritance tax rules for land ownership. Starting April 6, 2026, only the first £1 million of combined agricultural and business property will be exempt from death duties. The National Farmers Union (NFU) argues this could affect many farms, as 66% of farm businesses in England have a net value over £1 million. Tech billionaire Elon Musk criticized the government's approach, comparing it to Stalin's forced collectivization, though Downing Street refused to comment on Musk's remarks.

November 18, 2024
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