British farmers will face greater challenges than Labour’s inheritance tax reforms

Just months after Labour won the UK general election and ended a prolonged period of Conservative rule, rural protesters are once again taking to the streets of London. The threat to fox-hunting triggered the countryside marches of the late 1990s. This year, it is the agricultural inheritance tax reforms set out in the new government’s first budget that are troubling those farmers planning to pass on assets to their children.

Agricultural property relief (APR)...