Today’s announcement marks a significant step forward for farmers following months of pressure on the government to rethink its approach to the so called family farm tax. The inheritance tax relief threshold for agricultural and business property will increase from £1 million to £2.5 million for individuals and up to £5 million for married couples.

Carla Lockhart MP has been one of the most vocal opponents of the family farm tax both locally and in Westminster. She has consistently stood with farmers at protests and rallies, raised concerns directly with Ministers, and spoken repeatedly in the House of Commons on behalf of farming families who feared for the future of their livelihoods.

Speaking following the announcement, Carla Lockhart MP said:

“This is welcome news for family farms across the United Kingdom and particularly here in Upper Bann. It represents a clear shift from a government that, until now, refused to listen to the very real concerns of farmers.

“Throughout 2025, farmers were left in an impossible position, forced to plan for the future under a £1 million threshold that simply did not reflect the value of land or the reality of modern farming. I have repeatedly challenged this policy in Parliament and stood shoulder to shoulder with farmers who were fighting for fairness.

“It is no secret that the government was dragged to this point kicking and screaming. Even when heartbreaking stories were shared, including fears that some people felt so overwhelmed they would rather give up everything than face this tax, there was little sign of compassion from those in charge.

“That said, this announcement is an improvement and it must be welcomed, particularly on the eve of Christmas Eve. The detail will matter, and I will be closely examining how these changes affect farms that still sit above the new thresholds.

“Today should mark the beginning of a new direction. As we move into 2026, farmers deserve to feel valued, supported and recognised for the vital role they play in our economy, food security and rural life. I will continue to stand up for them every step of the way.”