I’m open to the idea that the govt’s IHT relief on farmland might be re-thought, but we need to hear loud & clear from the NFU & the CLA etc is that the sale of any inherited land, at any time, will be subject to IHT at the rate everyone else pays on an inheritance.
2. But then create a "clawback". If you inherit a farm free of inheritance tax and then sell it, the IHT magically reappears. (This isn't a new concept. There are lots of similar rules in other taxes)