The Chancellor does not \u201cgenuinely get\u201d Northern Ireland\u2019s exposure to inheritance tax changes for farmers, the deputy First Minister has said.<\/p>\n
Rachel Reeves has defended plans to proceed with tax changes for inherited agricultural assets from April next year.<\/p>\n
Farmers in Northern Ireland have said they will be disproportionately affected by the changes.<\/p>\n
Deputy First Minister Emma Little-Pengelly said she discussed the impact of the changes with Ms Reeves in a meeting on Tuesday.<\/p>\n
Speaking to BBC Radio Ulster\u2019s Evening Extra on Wednesday, Ms Little-Pengelly said: \u201cI don\u2019t think she genuinely gets it. And if she does, she certainly isn\u2019t explaining in any logical way why she is continuing to back that.<\/p>\n
\u201cBecause, of course, from a farming perspective, the farm is a necessity for carrying on the business.<\/p>\n
\u201cSo therefore, if you\u2019re passing your farm from one generation to another, that farm is required in order to carry on that business, and yet that tax could make the sustainability of that difficult.<\/p>\n
\u201cIt could make the size of that farm, and the ability to farm to the extent it was being farmed, not possible for the next generation, and indeed, to put off the next generation.\u201d<\/p>\n
Ms Little-Pengelly said she did not see \u201cany benefit\u201d to the proposed changes.<\/p>\n
\u201cThose are the types of points that we raised to her in great detail. I\u2019m disappointed by the remarks that she made about that, but that will not stop us from continuing to emphasise and to raise these points, because I think that\u2019s very much what our role is, to champion these issues, to highlight these issues.\u201d<\/p>\n
More broadly, she said the Chancellor was facing a difficult fiscal position and added: \u201cI don\u2019t get the sense that there\u2019s any good news coming any time soon.<\/p>\n
\u201cBut of course, she does have the ability to do certain things to support growth in our economy, to support us in what we\u2019re trying to achieve here in Northern Ireland.\u201d<\/p>\n
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ADVERTISEMENT – CONTINUE READING BELOW<\/p>\n","protected":false},"excerpt":{"rendered":"The Chancellor does not \u201cgenuinely get\u201d Northern Ireland\u2019s exposure to inheritance tax changes for farmers, the deputy First…\n","protected":false},"author":2,"featured_media":341874,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5011],"tags":[3971,922,3121,1144,619,16,15],"class_list":{"0":"post-341873","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-northern-ireland","8":"tag-agriculture","9":"tag-emma-little-pengelly","10":"tag-inheritance-tax","11":"tag-northern-ireland","12":"tag-rachel-reeves","13":"tag-uk","14":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115022990064322314","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/341873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=341873"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/341873\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/341874"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=341873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=341873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=341873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}