More than 10,000 British farmers gathered in London on Tuesday to protest changes to an inheritance tax exemption announced by the federal government in October. In what Conservative MPs have dubbed the 鈥渢ractor tax,鈥 the proposed legislation would disallow farmers with land worth more than 拢1 million from passing down their farms to their children tax-free. Beginning in 2026, children who inherit land of that value would be slammed with a 20 per cent tax.
Economy
UK farmers protest: Thousands gather in London denouncing changes to inheritance tax exemption
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