Labour plans to tax at 20% the inheritance of agricultural and business property over the value of £1m, from the tax year starting in April 2026.
Will the policy be scrapped before this time?
This question is specifically about farms/agricultural assets, so in the event that the policy is scrapped or "refined" such that agricultural assets no longer taxed then this resolves YES.
Update 2026-01-18 (PST) (AI summary of creator comment): If the policy is changed to a £2.5m threshold (instead of £1m) and becomes policy, the market will resolve YES.
1,000@Tomoffer - the current proposal is for a tax on farms over £2.5m, rather than £1m. A literal reading of this market would say this is a Yes, but maybe you'd regard that as an amendment instead of scrapping. If the UK goes ahead with the tax using this higher threshold, would you resolve as Yes or No?
@SacredChicken it's unfortunate that I didn't anticipate this change to the policy, since it seems an obvious outcome to have considered and described in the original market. Apologies.
In the event of the £2.5m limit becoming policy, based on the description and title of the market, I will resolve YES. This isn't ideal (and perhaps I would have made the market slightly different with more foresight) but at least it's clear.
I haven't had a position in this market to date and will not take one.