UK Farmers Face Inheritance Tax Cap, Tax Relief Limit Set At $1.3 Mn
Edited By WION Video Desk
Published: Nov 04, 2024, 05:10 IST | Updated: Nov 04, 2024, 05:10 IST
The UK government’s latest budget has introduced a cap on inheritance tax relief for agricultural assets, setting a limit of $1.3 million. Beginning in April 2026, farms valued above this threshold will face a 20% inheritance tax.
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