Reported 2 days ago
Thousands of UK farmers gathered outside Parliament to protest a proposed inheritance tax increase, which they argue could devastate family farms across the country. The planned change, which eliminates a long-standing tax exemption for agricultural property, is set to impose a 20% tax on farms valued over £1 million when passed down to the next generation. Farmers expressed their anger, stating that this decision, amidst rising costs and challenging market conditions, could undermine British food security and lead to irreversible consequences for their livelihoods.
Source: YAHOO