Setting the scene

The 2024 Autumn Budget reduced Inheritance Tax relief on combined agricultural and business assets after the first £1 million from 100 per cent to 50 per cent from April 2026.

The National Farmers Union (NFU) claim that ‘The Budget will add to the cost of producing food at a time when hard-pressed British farmers cannot absorb it, meaning either the supply chain or consumers will end up bearing the brunt.’

The Country Land and Business Association (CLA) said that ‘capping agricultural property relief at £1 million could harm 70,000 UK farms, damaging family businesses and destabilising food security.’

This survey is designed to capture your thoughts not only on the impacts of current economic proposals but also on how we can make the best use of our land—approximately 70% of which is managed by farmers—to support both rural prosperity and national resilience.