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Photo by Andrew Aitchison / In pictures via Getty Images The UK government is set to defend its inheritance tax raid on agricultural assets and family firms in the High Court this week.The proposed changes to agricultural property relief  and business property relief  represent one of the biggest shifts in UK inheritance tax  policy in decades.After a year of protests from farmers, Labour announced a partial U-turn in December, lifting the threshold to 2.5m from 1m, effective April 2026.The government expected its U-turn to cut the number of family estates eligible to pay higher inheritance tax to 1,100 from 2,000 under the original proposals.Government ‘acted unlawfully’However, a judicial review was launched against the government, challenging the plan, arguing that it acted unlawfully by failing to follow its 2011 ‘tax consultation framework’.Normally, judicial review cases are heard by a single judge, but in this case, they will be heard by two senior judges, La","market":"nz","thumbnail":"https://www.cityam.com/wp-content/uploads/2025/12/Farmers-e1766572493963.jpg?w=286&h=161&crop=1","type":0,"news_type":0,"thumbnails":["https://www.cityam.com/wp-content/uploads/2025/12/Farmers-e1766572493963.jpg?w=286&h=161&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/labours-inheritance-tax-reforms-face-legal-test-as-farmers-argue-unlawful-consultation/","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.cityam.com/labours-inheritance-tax-reforms-face-legal-test-as-farmers-argue-unlawful-consultation/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"cityam_highlight","symbols":["IHT","BK4218","BK4181"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2619486154","title":"Labour told to scrap ‘arbitrary’ inheritance tax system","url":"https://stock-news.laohu8.com/highlight/detail?id=2619486154","media":"cityam","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2619486154?lang=en_us&edition=fundamental","pubTime":"2026-03-16 06:30","pubTimestamp":1773613800,"startTime":"0","endTime":"0","summary":"Reeves' has been urged to scrap inheritance tax.  The UK government is being urged to scrap the inheritance tax system following warnings that that it enforces the UK as a “high-tax outlier” and risks stifling investment and driving entrepreneurs abroad.A new report from the Institute of Economic Affairs  highlights that nearly half of the 38 OECD countries – where members are primarily high-income developed economies committed to democracy and market-based economies – do not tax bequests to adult children, placing Britain among a small group of high-taxing nations for family succession.The UK’s inheritance tax  is a 40 per cent tax levied on an estate’s value upon death, exceeding a standard threshold of 325,000. This threshold can increase to 500,000 if a main residence is passed to children. The report from the IEA argues the tax is a “distortionary” weight on the economy, describing it as an arbitrary extra hit on a “value chain” that has already been raided by income tax, national","market":"nz","thumbnail":"https://www.cityam.com/wp-content/uploads/2026/01/reevespic.jpeg?w=824&h=463&crop=1","type":0,"news_type":0,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/01/reevespic.jpeg?w=824&h=463&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/labour-told-to-scrap-arbitrary-inheritance-tax-system/","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.cityam.com/labour-told-to-scrap-arbitrary-inheritance-tax-system/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"cityam_highlight","symbols":["IHT","IEA","BK4129","BK4218","BK4181"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2616999573","title":"Top Executive Makes Massive Move in InnSuites Hospitality Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2616999573","media":"TIPRANKS","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2616999573?lang=en_us&edition=fundamental","pubTime":"2026-03-03 10:07","pubTimestamp":1772503638,"startTime":"0","endTime":"0","summary":"New insider activity at InnSuites Hospitality ( ($IHT) ) has taken place on March 2, 2026. InnSuites Hospitality has reported a notable insider tra...","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tipranks_highlight","url":"https://www.tipranks.com/news/insider-trading/top-executive-makes-massive-move-in-innsuites-hospitality-stock-insider-trading-news?utm_source=itigerup.com&utm_medium=referral","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.tipranks.com/news/insider-trading/top-executive-makes-massive-move-in-innsuites-hospitality-stock-insider-trading-news?utm_source=itigerup.com&utm_medium=referral","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":"tipranks_highlight","symbols":["BK4181","BK4218","IHT"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2616360913","title":"InnSuites Hospitality Trust President and CEO James F. Wirth Disposes of Common Shares","url":"https://stock-news.laohu8.com/highlight/detail?id=2616360913","media":"Reuters","labels":["shareholding","insiderTrades"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2616360913?lang=en_us&edition=fundamental","pubTime":"2026-03-02 19:40","pubTimestamp":1772451647,"startTime":"0","endTime":"0","summary":"James F. Wirth, President and CEO and Chairman of InnSuites Hospitality Trust, reported a disposal of common shares of the company. The full filing can be accessed through the link below.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. InnSuites Hospitality Trust published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission , on March 02, 2026, and is solely responsible for the information contained therein.","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260302:nNDL80gy3C:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":"InnSuites Hospitality Trust President and CEO James F. Wirth Disposes of Common Shares","news_tag":"shareholding,insiderTrades","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4218","BK4181","IHT"],"isVideo":false,"video":null,"gpt_icon":0}],"pageSize":20,"totalPage":3,"pageCount":3,"totalSize":44,"code":"91000000","status":"200"}]}}