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Tractors with placards parked up outside the Diddly Squat Farm shop in Chipping Norton, Oxfordshire, as Farmers to Action continue their national campaign for the government to drop Inheritance Tax on family farms, September 13, 2025
LABOUR’S U-turn on raising income tax at this month’s Budget suggests a change in the farm inheritance tax is possible, Plaid Cymru said today.
Farm owners will be subject to inheritance tax at 20 per cent for assets above £1 million from April, under plans announced in last year’s Budget.
The Welsh affairs committee recently warned that the proposed cap on agricultural and business property reliefs has created a “climate of uncertainty and confusion” for farmers.
Plaid Cymru leader Rhun ap Iorwerth, during a recent visit to a Gwynedd farm National Farming Union Cymru’s president Aled Jones said: “Introducing Labour’s changes to inheritance tax will cause an existential crisis in our countryside.
“It will undermine the future viability and sustainability of so many farming businesses and it must be stopped.
“If Labour can U-turn on income tax then they should do so on inheritance tax too.”
