Farm View: A changing landscape for land

In both territories, relief from inheritance tax has long been relied on to safeguard farms from having to be sold on death in order to meet inheritance tax bills and, therefore, to allow inter-generational farming security.

Britain's Chancellor of the Exchequer Rachel Reeves. Picture: Jonathan Brady / POOL / AFP via Getty Images.

Irish farmers may have dodged a Budget bullet that, by coincidence, has badly wounded their counterparts in the UK.

In Ireland's Budget announcements, and in last week's first UK Budget of the new Labour government, inheritance tax on agricultural property figured prominently.