Farmers Weekly Podcast Ep 286: What IHT U-turn means for your farm business

In this special episode, we examine what the government’s partial U-turn on inheritance tax means for your farm business.

It follows the Treasury decision to water down plans to impose 20% inheritance tax on farm assets worth more than £1m.

See also: Scottish spring barley: Lessons for farmers in 2026

In a major concession the government has announced that it is increasing the threshold for inheritance tax on farm assets from £1m to £2.5m.

We look at how the decision came about, what it means for family farms and where the sector goes from here.

With special guests: NFU president Tom Bradshaw; Country Land & Business Association external affairs director Jonathan Roberts; and Sam Kirkham, partner at accountants Albert Goodman.

This episode of the Farmers Weekly Podcast is co-hosted by Johann Tasker, Louise Impey and Hugh Broom.

To contact the Farmers Weekly Podcast, email podcast@fwi.co.uk.

In the UK, you can also text the word FARM followed by your message to 88 44 0.