Farm higher inheritance tax rate ‘does not go far enough’
Farmers in Cornwall have said the government's climbdown on inheritance tax has not gone far enough.On Tuesday, the government said it would raise the inheritance tax (IHT) relief threshold for farmers from £1m to £2.5m for the 20% tax it announced in April.Labour MP for Truro and Falmouth Jayne Kirkham defended the government's U-turn and said the new threshold "would exempt the vast majority of our working family farmers".Maria Warne-Elston, 23, a fifth generation farmer in Cornwall, said…
