A tense conversation unfolded on GB News when host Andrew Pierce challenged Labour Councillor Praful Nargund about disputed inheritance tax figures affecting British farmers. The disagreement comes as numerous farmers have taken to the streets to voice their opposition to the changes announced in Rachel Reeves’s Autumn Budget.
Nargund, representing The Good Growth Foundation, defended the government’s actions, stating that the alterations to the inheritance tax bill were necessary to stabilize public finances and secure funding for essential services like the NHS. He mentioned that the changes primarily target the wealthiest landowners in the farming industry.
However, Pierce raised concerns about the credibility of the government’s figures, pointing out that many farmers dispute the numbers provided. While the government claims that only the 500 wealthiest farm estates will be affected by the tax, independent tax expert Dan Neidle suggests that the actual number could be significantly lower, possibly around 100 farms per year.
The National Farmers’ Union (NFU) has cited data showing that nearly half of farms in England have a net value exceeding £1.5 million, contradicting the government’s estimate. The Liberal Democrats have also criticized the government’s figures, claiming that as many as 70,000 farms could be impacted by the new tax regulations.
Starting from April 2026, agricultural and business assets will only qualify for 100 percent relief up to £1 million per person, with a 50 percent relief applying beyond that threshold. This means that inheritance tax will be imposed at a 20 percent rate above the £1 million cap, half of the standard 40 percent rate.
The debate between Pierce and Nargund highlighted the uncertainty and controversy surrounding the inheritance tax changes and their implications for the farming community. While the government stands by its figures, many farmers and experts remain skeptical about the actual impact of the new tax regulations on a larger scale.
The ongoing protests by farmers reflect the deep concerns and frustrations within the farming industry regarding the potential financial burdens imposed by the inheritance tax changes. As the debate continues, it is essential for all parties involved to engage in open and transparent discussions to address the discrepancies and ensure fair treatment for all those affected by the new regulations.