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The Independent UK
The Independent UK
Alex Ross

Labour accused of ‘traumatising’ farmers in ‘tractor tax’ raid amid warning over mental health crisis

Rachel Reeves has been accused of “traumatising” farmers with her new inheritance tax raid on a sector already grappling with a mental health crisis.

Farmers will have to pay 20 per cent of tax on inherited agricultural assets worth more than £1m from April 2026 under changes announced in the Budget last Wednesday.

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