UK sticks with 2026 plan to tax farm estates over £1M at 50%, sparking farmer protests.

The UK government has confirmed it will not alter Chancellor Rachel Reeves’ plan to cap agricultural property relief at £1 million for inheritance tax, with amounts above that taxed at 50% starting April 2026. Despite widespread opposition from farming groups and proposals for alternative models, including one that could raise £1 billion while protecting small and medium farms, the Treasury maintains its position. Farmers warn the change could force family operations to sell assets to cover tax bills, threatening food security and rural livelihoods. In response, a nationwide "day of unity" protest is planned for November 24, featuring tractor demonstrations across England, Wales, and Northern Ireland.