British farmers bring tractors to London streets over new tax rules

Farmers drove hundreds of tractors into central London to protest new inheritance tax rules starting in 2026. The tax change affects family farms valued over £1M‚ ending a long-standing exemption

December 11 2024 , 07:18 PM  •  54904 views

British farmers bring tractors to London streets over new tax rules

Hundreds of farm tractors filled londons streets near parliament today causing major traffic slow-downs (a sight that caught many commuters off-guard). The protest comes after governmentʼs decision to end tax-free farm inheritance

Its the final nail in our agricultural coffin

Gareth Wyn Jones‚ farmer

The new policy which critics named “tractor-tax“ will make farmers pay 20% on properties worth more than £1M; married couples can combine allowances raising the limit to £3M. The changes dont start until 2026 but farmers say its already affecting their plans

British food producers face multiple money-related issues - cheap food imports post-brexit supermarket price pressures and reduced farming help from government. The tax change might force many family-owned farms to close down or sell parts of their land

Last month about 13k protesters including Jeremy Clarkson the well-known tv host and farm-owner gathered in Westminster to show their disagreement. However minister Steve Reed says they will stick to the plan: saying they focus on rural growth and food security instead

  • No more tax-free inheritance
  • 20% tax on farms over £1M
  • Changes start in 2026
  • Combined couples limit: £3M

The government made this choice to get more money for public services - but farmers think it will harm food making in britain