Letter: Increase in the threshold for eligibility for farm tax relief will protect agri-food industry
A letter from Baroness Ritchie:
Following repeated and renewed representations to ministers in the Treasury and EFRA departments regarding the unacceptable impact that farm inheritance tax would have on farm holdings in Northern Ireland, I am pleased that progress has been made on this issue with an increase in the threshold for eligibility from £1 million to £2.5million announced by the EFRA secretary of state.
This is a significant development and will protect smaller farm holdings in Ireland and our agri-food industry.
Baroness Ritchie