UFU encouraged by high-level engagement on inheritance tax

UFU president William Irvine on his County Armagh farm. Picture: Cliff Donaldson

The Ulster Farmers’ Union (UFU) has noted the recent high-level engagement between NFU president, Tom Bradshaw and UK Government officials regarding the issue of inheritance tax. While this dialogue is a necessary step, the UFU cautions that significant uncertainty remains regarding any potential positive outcomes for farming families.

Following Mr Bradshaw’s notable meetings with Prime Minister, Sir Keir Starmer, and senior Treasury Minister, Dan Tomlinson, UFU president William Irvine has provided members with an update on the current position regarding inheritance tax discussions as the Christmas period approaches.

“At the outset, I would like to thank all those who wrote to their MPs and supported that part of the campaign,” praised Mr Irvine, before turning to discuss the NFU-organised meetings themselves.

“Both the NFU president’s meetings were focused on inheritance tax and, while we welcome the fact that they took place, there is still no certainty at this stage on what the potential outcomes may be.

“As for what happens next, today will see the second reading of the Finance Bill. This is a broad approach to supporting the overall aims of the Budget and is not the moment for amendments or rebellions.

“That moment will come in the new year, and that is when we need to move forward with our proposed amendments to the Finance Bill.”

The Ulster Farmers’ Union remains focused on securing amendments to the Finance Bill in line with the other three UK farming unions, all of whom are united in this approach.

“Our position as the Ulster Farmers’ Union remains rock solid,” Mr Irvine stated.

“This bill is unworkable, it will wreck Northern Ireland farms, and we need significant changes made to it.”