The Government will raise the inheritance tax relief threshold for farmers from £1 million to £2.5 million in a climbdown following months of protest.The change to the reforms initially unveiled at Labour’s first Budget last year comes after ministers 'listened to concerns' of the farming community and businesses, the Department for Environment, Food and Rural Affairs (Defra) said on Tuesday.The original Treasury plans to raise money as farmers pass their businesses from generation to generation triggered protests with tractors outside Parliament and criticism from some Labour MPs in rural seats.
