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World

Has Rachel Reeves killed the family farm?

31 October 2024

5:49 AM

31 October 2024

5:49 AM

As the post-Budget scrutiny gets underway, there is one group of obvious losers from today’s statement: farmers. The rural community is up in arms about Rachel Reeves’ changes to tax relief on farmland. From April 2026 this will be capped at 50 per cent for assets over £1 million – which works out at around roughly 67 acres.

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