NFDA has joined over a dozen industry bodies in signing a joint letter to the Chancellor, calling for greater transparency around the government’s proposed changes to inheritance tax. The coalition supports a “clawback” alternative, where a 40 per cent inheritance tax would be applied to assets sold within seven years of inheritance. Concerns have been raised over the lack of consultation and data behind the Treasury’s decision to reject the clawback proposal, which it claimed would raise “much less” revenue than current proposals. Despite requests from several organisations, including the National Farmers’ Union (NFU) and Country Land and Business Association (CLA), the Treasury has declined to publish its analysis, prompting calls for an open review to better understand the impact on family businesses across sectors. Read the letter here. Round up of coverage: The Times | 19/05/25 | Treasury won’t give data on farmers’ alternative to inheritance tax Farm Contractor Magazine | 21/05/25 | NFU calls for transparency as Defra denies freedom of information requests Pig World | 21/05/25 | Farming and business groups call for transparency over IHT reform after denied FOI requests Farming UK | 22/05/25| NFU urges Labour to follow winter fuel lead and change IHT reforms