Farmers' Outrage Over Budget Changes: Hawkins Ryan Solicitors Stand with You

The recent Autumn Budget 2024 has introduced significant reforms that have left many farmers and rural landowners in West Norfolk and beyond feeling outraged and concerned about their future. These changes, particularly to agricultural property relief (APR) and business property relief (BPR) from inheritance tax, have sparked protests and demonstrations across the country.

Understanding the Changes

From April 2026, the full 100% relief from inheritance tax will be restricted to the first £1 million of combined agricultural and business property. Above this threshold, inheritance tax will be applied at a reduced rate of 20%, rather than the standard 40%. While the government claims these measures are designed to protect small family farms, many farmers feel the changes unfairly target larger estates and could jeopardize the future of family-run farms.

Why Farmers Are Protesting

Farmers argue that these changes will increase the financial burden on their already strained operations. The reforms are seen as a threat to the viability of family farms, which often rely on passing land and assets through generations without incurring prohibitive tax liabilities. The prospect of higher taxes on inherited land has sparked fears of forced sales and the fragmentation of farms that have been in families for generations.

Hawkins Ryan Solicitors: Your Trusted Partner

At Hawkins Ryan Solicitors, we understand the unique challenges faced by farmers and rural landowners. Our wills, probate, and trusts department is dedicated to providing expert advice on all areas of agricultural law, from commercial and employment matters to personal affairs such as farming, planning law, divorce, and farm succession planning.

We are committed to standing by our farming community during these challenging times. Our team is continuously reviewing the latest legislation to ensure we offer the best possible advice and support. Whether you need assistance with succession planning or navigating the new inheritance tax rules, Hawkins Ryan Solicitors is here to help.

Looking Ahead

Despite the challenges posed by the recent budget changes, we believe in the resilience and strength of our farming community. Together, we can navigate these changes and ensure the continued success and sustainability of family farms in West Norfolk and beyond.

If you have any questions or need advice on how the budget changes might affect you, please do not hesitate to contact us. At Hawkins Ryan Solicitors, we are on your side, committed to protecting your interests and helping you plan for the future.

Andrew Stevenson

Partner