Farms worth more than about $1.3 million will face an estate tax from 2026, ending a previous exemption and prompting anger in some rural communities.

One Lincolnshire farmer described the planned inheritance tax as a "complete bombshell".

By Sarah Young LONDON (Reuters) -Thousands of farmers protested at Britain's parliament on Tuesday, some driving tractors through central London, to demand the scrapping of an inheritance tax that they say will destroy family farms and threaten food production.

Thousands of farmers have taken to the streets of London in a bid to overturn the UK government’s recent changes to inheritance tax rules that they say will kill off the family farm and threaten food security.

British farmers are descending on Parliament to protest a hike in inheritance tax that they say will deal a "hammer blow" to struggling family farms.

The number of farms that could be affected by the inheritance tax change is disputed. The government says it will only affect the wealthiest 500 estates each year but the NFU and the Country Land and Business Association (CLA) have estimated up to 70,000 farms could be affected.

It’s not just farms — taxing family firms in the throes of succession is a bad idea.

From April 2026, farms with a value of £1m+ will be subject to an inheritance tax of 20%. Read more