Inheritance Tax Threatens Family Farms

Inheritance Tax Changes Threaten Family Farms: A Potential SolutionFarming families across the nation are grappling with significant challenges, including a new inheritance tax policy that could force them to sell off parts of their business to pay taxes. This tax, combined with extreme weather, global instability, high energy and fertilizer costs, and planning red tape, has shaken farmers confidence to its lowest point ever. However, independent tax experts have proposed a minimum share rule to protect genuine working family farms from inheritance tax, ensuring they can continue to feed the nation and maintain food security.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.