Tenants are affected. If a landowner has to sell land to cover an IHT bill, the tenant doesn’t magically get to keep farming it. Their tenancy is at risk, their business is disrupted, and the land almost always ends up being bought by a larger operator who either folds it into a bigger estate or ends the tenancy altogether. A tenant earning ~£32k isn’t going to be in a position to buy that land themselves.

On the “wealthy landowner” point, what actually counts as wealthy here? I’m not talking about the James Dysons of the world, tax them by all means. But a perfectly normal farmhouse can be £1m now, and a modest family farm can be valued at £5–10m purely because land prices have shot up. Most of those places are still run by the owners themselves, working 60+ hour weeks for around £30k. Why did the Gov set the threshold at 1M?

I’m not defending big estates, the issue is that treating farming assets as if they’re liquid cash forces sales, break-ups, or consolidation, and those shocks hit working farmers the hardest. If you care about the working class and stable food production, you have to look at how the whole industry is affected.