In Ashburton, locals share mixed feelings about new inheritance tax rules affecting farmers
The new rules mean farms worth over £1 million will face a 20% tax. That’s a big change since they were previously exempt. The government says it’s to stop the wealthy from dodging taxes. But many worry it’ll hurt family farms and food security.
Recently, farmers protested on the A38 and A303, voicing their concerns about the tax and food pricing. It’s a hot topic, and opinions are all over the place.
On a quiet Tuesday, we found mixed feelings among locals. One shopper said, “Close the loophole for the rich, but don’t hit the little guy.” Others countered, “Why shouldn’t farmers pay tax? Everyone else does!”
Some locals think it’s just change, and it won’t hurt small farmers much. But the debate over the £1 million threshold is heated. The government claims only 25% of farms will be affected, while farming groups say it’s closer to 75%.
Everyone agrees that keeping farmland for farming is crucial. One local said, “Farmers might have to sell their land, but it’ll go to rich buyers who won’t farm it.”
At a recent farming conference, the Environment Secretary said the tax wouldn’t force farmers to sell. But he did apologize for the “shock” it caused.
Some believe the tax will keep land from being bought by non-farmers looking for a tax break. A local agronomist said, “If it stops non-farmers from buying land, that’s a win. Prices are crazy, and it’s hard for new farmers to start.”
At Tuckers Country Store, the director voiced strong support for farmers. He noted they’re struggling with tight margins and are selective about what they buy.
Another local, Jason Painter, pointed out that the tax seems too broad. It’s meant to target those exploiting tax rules, but it affects everyone.
As the April 2026 deadline approaches, many feel the government hasn’t consulted farmers enough. Hamish from Tuckers said, “Family farms have never had to manage finances like this. It’s overwhelming.”
Harry Barton, a local resident, agreed that the rollout could have been kinder. He thinks farmers need more time to adapt.
The traditional way of passing farms down is becoming unworkable. Farmers can avoid the tax by gifting their land seven years before they die. The NFU suggests better succession planning is needed.
The government is reportedly looking at changing rules for farmers over 80, but nothing has been confirmed. A spokesperson said they’re committed to the policy without considering changes.
As hope fades for a policy reversal, farmers feel the government has lost their trust. High-profile landowners like Jeremy Clarkson are grabbing headlines, overshadowing the struggles of local farmers.
