Farmers' protest: all you need to know
Tractors set to flood London as MPs debate e-petition over current tax exemptions for working farms
It comes as MPs debate an e-petition over current tax exemptions for working farms.
Farmers Protest: LondonThe petition, which calls to keep the exemptions, has attracted 149,000 signatures.
Changes to the tax laws will see a 20 per cent inheritance tax rate on farms worth more than ÂŁ1 million. They were announced during the Budget by the Labour government and are due to come into force in April 2026.
The changes scrap an exemption which meant no inheritance tax was paid on family farms.
Labour has insisted it will not make a U-turn on these plans due to come into force next year.
Thousands of farmers will stage a protest at 1pm on Monday (February 10), with last yearâs protests attracting huge numbers.
Political figures such as Sir Ed Davey, Nigel Farage and Kemi Badenoch â and TV personality Jeremy Clarkson â back the demonstration.
On Monday, Mr Farage told farmers gathered: âThey have got 100 Labour MPs that are representing rural or semi-rural constituencies.
âAnd, from what I can see, Joe Public is getting behind the concept that the family farm should not be driven out of existence.
âPolitically, I think we can win this.â
He added: âLetâs say no to death taxes. End death taxes full stop.â
Tractors have already started lining up for todayâs protest, which includes scheduled speeches and a drive through the heart of London.
Farmers protest against 'Tractor Tax'Hereâs what you need to know about why farmers are protesting.
Why are the farmers protesting?
The autumn budget delivered by Chancellor Rachel Reeves extends inheritance tax (IHT) to agricultural land, prompting criticism from farmers. It also freezes the IHT thresholds for an additional two years, from 2028 to 2030.
Presently, the first ÂŁ325,000 of an estate is exempt from IHT, with anything above that taxed at 40 per cent. However, various allowances mean the threshold for most people is considerably higher. For agricultural land, the rate will be imposed at 20 per cent, with a 50 per cent relief available.
Farmers argue that they bear the brunt of a system that the wealthiest use to avoid paying IHT altogether.
The extension of IHT to farms worth more than ÂŁ1 million (although most estates valued under ÂŁ3m will not pay IHT due to allowances) led to protests outside the Welsh Labour Conference last year.
Reform UK leader Nigel Farage (right) with Simon and Freddie Poulter, four, during the farmersâ protest in central London in November
James Manning / PA Wire
Clarkson said last November that the Government was âethnically cleansingâ the British countryside to create âimmigrant townsâ on farms.
The star of the Amazon Prime series Clarksonâs Farm, 64, criticised the inheritance tax extension in the Sun: âIâm becoming more and more convinced that Starmer and Reeves have a sinister plan,â he said. âThey want to carpet bomb our farmland with new towns for immigrants and net zero wind farms.
âBut, before they can do that, they have to ethnically cleanse the countryside of farmers. Thatâs why they had a budget which makes farming nigh-on impossible.â
What has the Government said?
Responding to the petition that has nearly 150,000 signatures, the Treasury said that the Governmentâs commitment to farmers remains âsteadfastâ.
But the Government has insisted that there is also âan urgent need to repair the public finances in as fair a way as possibleâ.
It added: âThe reform of the reliefs strikes the right balance.â
Parliament is due to debate the petition â which has warned that the changes coming into force could âdevastate farms nationwide, forcing families to sell land and assets just to stay on their propertyâ â on Monday.
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