The Tenant Farmers Association (TFA) has submitted its proposals to the Treasury for the first Budget to be delivered by the new Chancellor of the Exchequer the Rt Hon John Healey MP. The submission argues for Inheritance Tax changes to protect surviving joint tenants from Inheritance Tax liability on the value of the joint tenancy where no saleable asset passes on death. We have also continued to press the case for 100% Agricultural Property Relief for land let under Agricultural Holdings Act tenancies or Farm Business Tenancies lasting at least 10 years without scheduled break clauses. The submission also proposes restricting Capital Gains Tax rollover relief for land purchases, while extending it to investment in fixed equipment on tenanted farms. Further proposals focus on reducing Stamp Duty Land Tax liability on new agricultural tenancies and also for tenant farmers looking to buy properties for their retirement.  The TFA has also said that Universal Credit assessments for self-employed farmers need to reflect taxable profits rather than using assumed figures based on minimum wage criteria. To read the TFA submission in full, click here.