No changes to inheritance tax in UK autumn budget
The UK's new Chancellor, John Healey, presented the autumn budget on 28 October with no changes to inheritance tax. The main relief for British farmers is a further extension of the 5p fuel duty cut.
The UK government unveiled its autumn budget on Wednesday, 28 October, and it contained no changes to inheritance tax. The budget was presented by the new Chancellor of the Exchequer, John Healey, according to the Irish farming news site Agriland.
The unchanged inheritance tax matters to farmers because the tax also affects the passing of family farms to the next generation.
Fuel duty relief
The main relief for British farmers to emerge from the Chancellor's speech is an extension of the 5p cut to fuel duty. The reduction is to be kept in place for a further six months.
The source text is truncated, so any other budget measures that may affect farmers are not covered here.
