UK farmers are taking to the streets to protest proposed tax changes that aim to increase taxation on large farm properties. Starting in April 2026, farms valued at over £1 million will be subject to a 20% tax rate when an owner passes the property down to the next generation. The change affects a long-standing tax break introduced in the 1990s, which exempted farm property from inheritance tax. Proponents of the protest argue that this new rule would significantly burden struggling family farms, threatening their very existence.
Source: https://www.euronews.com/video/2024/12/11/angry-farmers-protest-in-london