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The government's stance maintains that they are preserving certain tax exemptions—allowing individuals to pass on £1 million in farm assets tax-free, alongside standard allowances available to all taxpayers. In practice, this could mean that the average farmer, whose estate stands at approximately £2.2 million, might only see a tax bill of around £40,000, which can be spread out over a decade. Nevertheless, the concern remains that many estates could face severe financial strain due to lower profit margins in the farming sector.