Landowners warn of huge tax on profits due to farm inheritance changes

Ministers have insisted that only around a quarter of farmers will be affected (PA) - (PA Archive)

Small family farms could pay up to 159% of their profits in inheritance tax following changes at the Budget, according to analysis by a landowners’ group.

The Country Land and Business Association (CLA) has contested claims by ministers that a majority of farms will not feel the impact of the inheritance tax changes laid out by Rachel Reeves.