Union's tax warning

THE Farmers' Union of Wales (FUW) has written to every MP to highlight its grave concerns about proposed changes to inheritance tax.

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This latest intervention follows months of lobbying by the FUW, which has claimed that the reforms represent an existential long-term threat to Welsh family farms and the wider rural economy.

Farmers and stakeholders across Wales have repeatedly raised fears that the proposals - if implemented in their current form - would accelerate the loss of family-run holdings and undermine the social fabric of rural communities.

While the UK Government has insisted that a "vast majority" of Welsh farmers would remain unaffected, previous analysis from the FUW claims up to 48% of Basic Payment Scheme (BPS) recipients in Wales could be affected by the inheritance tax proposals.