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Evening Standard
Evening Standard
Richard Wheeler

Chancellor defends proposed changes to inheritance tax on farms

Rachel Reeves Rebecca Wilson Budget
Chancellor Rachel Reeves has defended her proposed reforms to inheritance tax on farms by claiming it is not ‘affordable’ keep the current system (James Manning/PA) - (PA Archive)

Rachel Reeves has defended her proposed reforms to inheritance tax on farms by claiming it is not “affordable” keep the current system.

The Chancellor faced a backlash after using her first Budget to propose changing agricultural property relief (APR) and business property relief (BPR) from April 2026 in a bid to raise more funds for public services.

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