“Under the Government’s changes to Agricultural Property Relief and Business Property Relief if Guy were to pass away before passing the farm to his children then the whole business would face a 20% tax bill, equal to £1.2m, £120,000 a year over ten years. This is the entire surplus generated by the farm before any wages are drawn. The only way to fund such a bill would be to sell the land; over 20% of the farm.” This week, ahead of the NFU lobby event next Tuesday, I spoke in the Rural Affairs debate, highlighting the impact that changes to APR and BPR will have on our Huntingdonshire farmers. I will be meeting with some of our farmers here in Parliament during the NFU event and will continue to champion to them in the face of the threat posed to the future of their livelihoods by this Government.
