121 Farms in Yeovil face new ‘Family Farm Tax,’ MP Adam Dance urges Government to reverse decision

A proposed "family farm tax" could impact 121 farms in Yeovil and South Somerset following a government decision to reduce inheritance tax relief for farmers. Local MP Adam Dance is urging the government to withdraw this tax increase, warning it could threaten the future of family-run farms.

The government has stated that 27% of farms across the country will feel the effects of these cuts to inheritance tax relief. Adam Dance MP argues this change could spell the end for many family farms in the Yeovil area if the tax hike goes through.

It is thought that 121 local farms across Yeovil and South Somerset will be hit by the “family farm tax.” Adam is calling on the government to cancel the tax increase and consider the Liberal Democrat proposal, which would add £1 billion annually in support for farmers.

He said:

“The government must immediately abandon this damaging ‘family farm tax’ or risk wiping out family farms in Yeovil and South Somerset.

“For years, our local farmers have struggled through poorly made trade deals and declining incomes due to the Conservative Party’s neglect of rural communities. Now, this tax hike threatens to deliver yet another blow.

“The Chancellor should urgently change course, scrap the ‘family farm tax,’ and adopt the Liberal Democrat proposal to provide an extra £1 billion per year in support for our farmers.”