Reeves: Most farmers won't pay more in inheritance tax

ODN 2024-11-01

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Rachel Reeves says she is raising money in a "fair and balanced way", after receiving backlash from farmers over a new inheritance tax charge announced in her Autumn Budget. The chancellor closed a loophole to stop rich people investing in land to reduce their inheritance tax bills, penalising them with a new million pound tax threshold. But Reeves tells Channel 4 News, "73 percent of farmers will not be paying a penny more". Report by Brooksl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

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