Abolish IHT on Family Farms
Abolish IHT on Family Farms.
Signatures
21
signatures
Government response threshold (10,000) · 21/10,000
Debate threshold (100,000) · 21/100,000
- 14 NOV 2024Petition rejectedduplicate
You may wish to sign this petition which calls for the same action: https://petition.parliament.uk/petitions/700138
- 01 NOV 2024Petition created
Background
In a world with increasing tensions; both domestically between factions of the United Kingdom and international geopolitically, relying on imported goods and services to sustain wants and needs is shortsighted. This could not be more true when it comes to food production. £1M threshold is comically low when considering the valuations for the majority of small, family farms. Given the UKs overreliance on imported food already; decreasing economies of scale via break-ups is counter intuitive.