Labour U-turns on inheritance tax raid after year of farmer protests—City AM
Partner James Cook has commented in City AM on the Government’s recent U-turn on inheritance tax following sustained protests from the farming community following the decision to increase the Agricultural and Business Property Relief threshold. James explains what this shift means in practice for family estates and business owners, and highlights the ongoing importance of proactive succession planning amid political and policy uncertainty.
This U‑turn may calm nerves in the short term, but it doesn’t fix the underlying problem that farmers and business owners have spent years, if not generations, planning around one set of rules, only to see the Government change course again
About James
James Cook is a partner in the private client team. James advises on estate and succession planning, wills, probate, trusts, tax-planning, lasting powers of attorney, enduring powers of attorney and Court of Protection matters.
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