{"id":49738,"date":"2025-08-07T06:35:08","date_gmt":"2025-08-07T06:35:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/49738\/"},"modified":"2025-08-07T06:35:08","modified_gmt":"2025-08-07T06:35:08","slug":"farmer-says-daughter-disillusioned-by-inheritance-tax-proposals","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/49738\/","title":{"rendered":"Farmer says daughter &#8216;disillusioned&#8217; by inheritance tax proposals"},"content":{"rendered":"<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Mr Day from the NFU said the <a href=\"https:\/\/www.bbc.co.uk\/news\/articles\/cvgn42z0g8zo\" class=\"ssrcss-f6h2dj-InlineLink e1kn3p7n0\" rel=\"nofollow noopener\" target=\"_blank\">news of the inheritance tax<\/a> had left its members &#8220;devastated&#8221;.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;Farmers aren&#8217;t earning a lot of money because commodity prices are so low,&#8221; he said.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;Inflation is so high&#8230; this is an additional tax now that we&#8217;ve suddenly got to go and find the money for at a time when agriculture is at its lowest ebb.&#8221;<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The government said most estates claiming Agricultural and Business Property Reliefs will be &#8220;unaffected&#8221; by the changes. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;The latest data shows that 40% of Agricultural Property Relief &#8211; worth \u00a3219m &#8211; was directed to just 117 estates,&#8221; A HM Treasury spokesperson said. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;The money raised will go towards public services we all rely on every day instead.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;We&#8217;re investing billions of pounds in sustainable food production and nature&#8217;s recovery, slashing costs for food producers to export to the EU and have appointed former NFU president Baroness Minette Batters to advise on reforms to boost farmers&#8217; profits.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"Mr Day from the NFU said the news of the inheritance tax had left its members &#8220;devastated&#8221;. &#8220;Farmers&hellip;\n","protected":false},"author":2,"featured_media":49739,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,184,185],"class_list":{"0":"post-49738","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-personal-finance","13":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/49738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=49738"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/49738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/49739"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=49738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=49738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=49738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}