Inheritance tax special - what Christmas climbdown means for your farm business

2025-12-24

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In this special episode, we examine what the government's partial U-turn on inheritance tax means for your farm business. It follows the Treasury decision to water down plans to impose 20% inheritance tax on farm assets worth more than £1m. In a major concession the government has announced that it is increasing the threshold for inheritance tax on farm assets from £1m to £2.5m. We look at how the decision came about, what it means for family farms and where the sector goes from here. With special gu...

In this special episode, we examine what the government's partial U-turn on inheritance tax means for your farm business.

It follows the Treasury decision to water down plans to impose 20% inheritance tax on farm assets worth more than £1m.

In a major concession the government has announced that it is increasing the threshold for inheritance tax on farm assets from £1m to £2.5m.

We look at how the decision came about, what it means for family farms and where the sector goes from here.

With special guests: NFU president Tom Bradshaw; Country Land & Business Association external affairs director Jonathan Roberts; and Sam Kirkham, partner at accountants Albert Goodman.

This episode of the Farmers Weekly Podcast is co-hosted by Johann Tasker, Louise Impey and Hugh Broom.

Contact or follow Johann (X): @johanntasker

Contact or follow Louise (X): @louisearable

Contact or follow Hugh (X): @sondesplacefarm

For Farmers Weekly, visit fwi.co.uk or follow @farmersweekly

To contact the Farmers Weekly Podcast, email podcast@fwi.co.uk.

In the UK, you can also text the word FARM followed by your message to 88 44 0.

See omnystudio.com/listener for privacy information.

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