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Ministers raise inheritance tax threshold for farms after backlash
U-turn lifts limit from £1m to £2.5m after protests and warnings that family farms were at risk
Ministers will increase the threshold for taxing inherited farmland from £1m to £2.5m after months of pressure from campaigners and MPs representing rural areas.
In a statement slipped out just before Christmas, the environment department announced the U-turn which will apply from April when the tax is due to kick in.
Source: www.theguardian.com
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