Billionaires Who Rewild the UK Are Set to Get an Inheritance Tax Break

Billionaires and other investors who rewild agricultural land in the UK may no longer be liable for inheritance tax on the property when they die thanks to changes announced in the budget.

UK Chancellor Jeremy Hunt is expanding the type of land that’s exempt from the levy to include some projects such as turning farmland back into forests, managing grassland for flood resilience or connecting river and floodplain habitats. The tax break comes into effect in April of next year and only applies to land managed under an environmental agreement involving the UK government or other approved bodies.

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