Rachel Reeves’ inheritance tax raid on businesses will hit as many as 140,000 family firms. The Chancellor used the Budget to drastically cut the relief that entrepreneurs can claim when passing their company on to their children.

The chancellor’s Budget announcement that pensions will be liable for inheritance tax from April 2027 will have big implications for many people’s retirement plans. We look at what to do now to avoid

Kington farmer Jo Hilditch says the Budget change has led to anger in the farming community.

Since as of April 2027 my pension will be in my estate for inheritance tax, is there any advantage for keeping money there? Ray Black of Money Minder replies,

One of a county's MPs has said farmers are worried for their livelihoods because of the proposed changes to inheritance tax on farms.

Chancellor of the Exchequer Rachel Reeves defended her move to levy inheritance tax on UK landowners who pass down agricultural property to their children, after critics said the move would hurt the sector and lead to the breakup of family farms.

Plans to scrap an inheritance tax exemption for farms worth more the £1m will not be reversed, even though "some farmers in Wales won't be happy", the Welsh secretary said. Jo Stevens defended the new tax on combined business and agricultural assets at an effective rate of 20% from April 2026.