From April next year, the 100% rate of relief will be cut by half with full relief limited to the first £1m, potentially impacting half of all farms and the vast majority of farmed land in Northern Ireland, according to DAERA analysis.
Minister Muir has said: “Family farms are at the heart of our rural communities in Northern Ireland and are key to a thriving and resilient agri-food industry. We can be in no doubt that the UK Government’s tax on farms will have a disproportionate and detrimental impact in Northern Ireland, as evidence from my Department demonstrates.
“Next week, I will continue to raise the matter when I meet with my counterparts in the UK, Scottish and Welsh governments, and again later in the week when meeting the UFU and NIAPA alongside the Finance Minister to discuss further ways to make the case to the UK Government for action.”