Home Property East Sussex MP calls for U-turn on farm tax changes
Property

East Sussex MP calls for U-turn on farm tax changes

Share


James MacCleary, Liberal Democrat MP for Lewes, Seaford, Newhaven, Polegate and surrounding villages, has called for a full U-turn on planned changes to agricultural tax relief set to take effect on April 6.

The changes, which come into force on April 6, will affect eligibility for Agricultural Property Relief (APR) and Business Property Relief (BPR).

Mr MacCleary said: “I come from a family of dairy farmers in Devon and regularly meet with farmers across my constituency, from Litlington to Hankham. Family farms are the backbone of our community here in the Lewes constituency and up and down the country. We cannot stand by while they are pushed to the brink by a tax that is as unfair as it is short-sighted.

“The Government’s partial U-turn was a clear admission that they got this wrong, but tinkering at the edges just won’t do. By refusing to scrap this tax in full, the Chancellor’s cavalier approach is putting our food security at risk and threatening the future of family farming in Britain.”

This tax will hit family-run farms with effective rates of 20 per cent on assets above a £2.5 million threshold, a limit the Liberal Democrats say still leaves far too many family-run farms in East Sussex facing effective tax rates of 20 per cent on assets above the limit.

Mr MacCleary argued that the sector is already struggling.

Farmers are already being hammered by the cost of living crisis and are now under even greater pressure from rising fuel, fertiliser and feed prices due to Donald Trump’s illegal Iran war – all while often surviving on only razor thin margins.

He said the recent changes do not go far enough to address the concerns of the farming community.

Mr MacCleary said: “Farmers have been undermined for years by botched Conservative trade deals, and now they are being hammered by a Labour government that simply does not understand the countryside. The Government has one week left to do the right thing and axe the Family Farm Tax for good.”





Source link

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Don't Miss

PENGU Notches Double-Digit Gains as Bitcoin Hits $78K Amid $418M Liquidation Spree

Bitcoin has been on a steady uptrend in April, with shallow pullbacks, allowing altcoins to extend their gains. Pudgy Penguins meme coin PENGU led...

Zero-deposit mortgages hit five-year high as Britons struggle to save

First-time buyers struggling to save for a deposit are increasingly turning to no-deposit mortgages to get on the property ladder. The number of...

Related Articles

Accrington property owner burgled MOT garage at his own site

Blackburn Magistrates' Court heard Mahboob Hussain had rented a van and disguised...

Iconic North End Retail and Redevelopment Property Hits Market on Salem Street

85-95 Salem Street BOSTON — A prominent retail property in Boston’s historic...

A Burnham bounce for first-time buyers?

The plan was announced in Liverpool but has its roots firmly in...

Son sells ancestral land for Rs 8 crore, buys 2 more properties; gets income tax notice but wins at ITAT Chandigarh: Know why

Mr Tiwari from Panchkula sold his family’s ancestral agricultural land in the...