Agricultural Property Relief

Nil Inheritance Tax on Family Farms

Tax big companies more with largest land holdings in UK

Zero Rate inheritance tax on family farms inherited by family of farmers

• Zero Rate Capital Gains Tax for farmers who inherit the farm from their parents or other close relatives. 
  
  
• Bring back Agricultural Property Relief (APR) for family farms to hand down inherited family farms without tax, ensuring that they remain within families.

Protect UK Food Standards and Local Agriculture:

• Ensure  family farms are shielded from unfair competition and have access to the resources they need to thrive.

Tax rich corporations more who are the largest farmland landowners:

• More tax on larger global corporations that profit from squeezing UK family farmers while paying minimal taxes to UK government.
  

Background 

From April 2026, inheritance tax will apply at an effective rate of 20% on all farm assets beyond a £1m threshold. But farmers say they are asset rich but cash poor, so family will not be able to inherit or will have sell land to pay taxes, so ending family farms.

From Farmers Weekly
18 January 2023

Foreign investors:

• Anders Holch Povlsen (218,364 acres) Denmark’s richest man is the largest individual foreign private landowner in the UK.
  
  
• Sheikh Mohammed Bin Rashid Al-Maktoum (63,000 acres)
  Vice-president, prime minister and minister of defence of the United Arab Emirates, and ruler of Dubai.
  
  
• Robert Warren Miller (36,000 acres)
  US sailing champion and founder of Duty Free Shop.
  
  
• Zambrano family (25,340 acres)
  Owners of Cemex, the world’s
  second-largest buildings materials company.

British wealthy investors:

• John Whittaker (70,000 acres)
  A billionaire and chairman of property business the Peel Group.
  
  
• James Dyson (33,000 acres) An inventor, investor and entrepreneur,
  Sir James created the sustainable agriculture firm Beeswax Dyson Farming.

Overall 17.02 per cent of farmland is owned by tycoons and 18.02 per cent is owned by corporations.

https://www.fwi.co.uk/business/markets-and-trends/land-markets/who-owns-britains-farmland