UK raises farmland inheritance tax threshold to £2.5 million
Higher threshold reduces tax exposure for inherited farm assets
Change
The UK increased the inheritance tax threshold for farmland to £2.5 million from April.
Why it matters
The policy change raises the taxable threshold for inherited farmland assets, reducing the number of estates subject to inheritance tax while retaining the underlying tax structure.
Implications
- — Farm owners must reassess estate planning under new threshold — outdated plans risk excess tax exposure
- — Tax and advisory teams must update inheritance strategies — failure risks client misalignment with new rules
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