First, they said the new inheritance tax rules would primarily affect the wealthy.
Then, they stated that most farms would be unaffected.
Now, it turns out Rachel Reeves’ “Tractor Tax” could hit Lincolnshire’s family farms as soon as next month.
Yes, you read that right.
What was supposed to be a long lead-in to April 2026 is now rumoured to be pushed forward—giving farming families weeks, not years, to prepare for a tax that could force them to sell the land they’ve spent generations building.
Here’s what’s at stake:
- A new £1 million cap on Agricultural and Business Property Relief
- A 20% inheritance tax bill on everything above that limit
- There are no exemptions for hardworking families who are land-rich but cash-poor
In Lincolnshire, this is a direct hit. Land values are high. Margins are tight. Families have planned succession carefully, only to now face a last-minute ambush from a Chancellor who sees farmland as just another tax asset—not a living, working legacy.
And make no mistake: Labour knows who this hurts.
They know family farms can’t afford surprise tax bills.
They know rural businesses don’t have big-city accountants on standby.
They know this will break up farms, force sales, and hand land to developers.
This is more than a bad policy. It’s betrayal.
And to do it with barely a month’s notice? That’s arrogant, reckless governance.
Our message from Lincolnshire is simple:
- Delay these changes immediately.
- Consult farmers, not just economists.
- Support rural Britain—don’t sabotage it.
If Labour won’t listen, then let this be the warning: our fields may be quiet, but our voices won’t be.
Come the next election, rural voters will remember who tried to steal their farms with the stroke of a pen.
🛑 No to the Tractor Tax.
📢 Yes to standing up for Lincolnshire.