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Reeves: Most farmers won't pay more in inheritance tax

Video Credit: ODN - Duration: 00:41s - Published
Reeves: Most farmers won't pay more in inheritance tax

Reeves: Most farmers won't pay more in inheritance tax

Rachel Reeves says she is raising money in a "fair and balanced way", after receiving backlash from farmers over a new inheritance tax charge announced in her Autumn Budget.

The chancellor closed a loophole to stop rich people investing in land to reduce their inheritance tax bills, penalising them with a new million pound tax threshold.

But Reeves tells Channel 4 News, "73 percent of farmers will not be paying a penny more".

Report by Brooksl.

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