How are changes to Inheritance Tax impacting your tenant farm?

Farmers Guardian and the Tenant Farmers Association (TFA) are carrying out a joint survey to better understand the real-life implications of the proposed changes to IHT in the Chancellor’s Budget.

Share your views on how the changes are directly or indirectly affected your farming business.

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* 1. If you are a farm tenant renting land under one or more farm business tenancy agreements, considering the changes to inheritance tax reliefs announced by the Chancellor of the Exchequer in the October 30 2024 Budget, which statement, or statements, best reflect how you expect your landlord to respond.

My Landlord will continue to let to me but with a longer term

My Landlord will continue to let to me but with a shorter term

My Landlord will continue to let to me on a similar length of term

My Landlord will be using a break clause to end my agreement early

My landlord will not renew my tenancy when it ends

My landlord will invest more in the fixed equipment on the holding

My landlord will invest less in the fixed equipment on the holding

None of the above

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* 2. If you are a farm tenant renting land under one or more Agricultural Holdings agreements, considering the changes to inheritance tax reliefs announced by the Chancellor of the Exchequer in the October 30 2024 Budget, which statement, or statements, best reflect how you expect your landlord to respond.

It will make no change to the relationship with my landlord or my tenancy

My landlord will consider attempting to take land back for alternative uses

My landlord will invest more in the fixed equipment on the holding

My landlord will invest less in the fixed equipment on the holding

None of the above

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* 3. Since the changes to inheritance tax reliefs announced by the Chancellor of the Exchequer in the October 30 2024 Budget ,how would you describe communication from your landlord or landlord’s agent? (Please tick all that apply)

My landlord/landlord’s agent has contacted me about the Budget changes

My landlord/landlord’s agent has not contacted me about the Budget changes

Communications with my landlord/landlord’s agent have increased

Communications with my landlord/landlord’s agent have decreased

Communications with my landlord/landlord’s agent have remained as usual

None of the above

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* 4. How concerned are you that the changes to inheritance tax reliefs will impact your landlord wanting to invest in the holding?

I believe that that my landlord will be less willing to invest in the holding

I believe that my landlord will be more willing to invest in the holding

My landlord has invested little in the holding and that will continue to be the case

My landlord has invested in the holding and I believe that there will be no change to their approach

None of the above

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* 5. How has the proposed changes to inheritance tax reliefs impacted your mental health?

Overall I believe there is been no change in my mental health

Overall I believe that my mental health has suffered

Overall I believe my mental health has improved

None of the above

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* 6. Thinking about the next few years, how likely do you think it is that you will face eviction from your tenancy by your landlord in light of the inheritance tax reliefs?

Very likely

Quite unlikely

Quite likely

Very likely

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* 7. Have the changes to inheritance tax caused you to rethink any investments you were planning for your rented holding?

I am intending investing less

I am not intending to make any changes to my investment plans

I am intending to invest more

None of the above

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* 8. Have the changes to inheritance tax impacted your plans to enter environmental land management schemes (such as SFI stewardship) that were open to you?

I am putting my plans on hold

I had no plans to join any schemes and that will continue to be the case

I have current plans to enter schemes and there will be no change in my plans

I intend to speed up my plans to join schemes

Other (please specify)

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* 9. Is there enough support/information on offer for tenant farmers on the inheritance tax changes or is the advice mostly directed at landowners?

I feel that there is sufficient support or information directed to tenant farmers

I feel that there needs to be more support and information directed to tenant farmers

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* 10. Do you think the Treasury and Government understand how Inheritance Tax changes can impact tenant farmers?

No, despite the efforts of the Tenant Farmers Association

Yes, in light of the efforts of the Tenant Farmers Association

Yes, the Government knew exactly what impact the changes would have on tenant farmers

Other (please specify)

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* 11. Please enter your name

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* 12. Please enter your email address

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* 13. How we can contact you (please tick the boxes that apply)

Are you happy for the Farmers Guardian to contact you about your responses to this survey?

Are you happy for the Tenants Farmers Association to contact you about your responses to this survey?

I do not wish to be contacted about my answers to this survey

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