Stamp duty relief for farmers to be part of Finance Bill
Special 1% rate applies to transfer of land within families, with age restriction abolished
The Finance Bill will include the extension of an existing tax relief to cover most transactions taking place within families. Photograph: Getty Images
A stamp duty tax relief aimed at farmers is to be extended in the wake of controversy over the hike in commercial stamp duty in the budget. Stamp duty on commercial transactions, including agricultural land, was increased from 2 per cent to 6 per cent in the budget as a key fund-raising measure.