Environment minister defends tax changes as farmers protests in LondonRupert Harrison, chief of staff to George Osborne when Osborne was chancellor, reckons that the Treasury could find a more effective way of raising money from the mega-wealthy who are buying farms to dodge inheritance tax. The NFU says it thinks a better policy could be devised. (See 9.35am.) Harrison posted these on social media yesterday with an example of how this could be done.Labour’s family farm tax problem should be really easy to fix, and they could probably even do it in a revenue neutral way – eg instead of 20% above £1m go to 30% above £5 million.They’ve got it wrong, and if you’re going to have to do a U-turn then best to get on with it.This would also actually raise more from the people they’re really trying to target who are using the relief for tax avoidance. Continue reading…
Source link : https://www.theguardian.com/politics/live/2024/nov/19/farmer-protest-london-inheritance-tax-uk-politics-live-news-updates
Author : Andrew Sparrow
Publish date : 2024-11-19 09:59:40
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Farmers arrive in Whitehall for protest about inheritance tax plan – UK politics live
