In this special episode, we examine what the government's partial U-turn on inheritance tax means for your farm business.

It follows the Treasury decision to water down plans to impose 20% inheritance tax on farm assets worth more than £1m.

In a major concession the government has announced that it is increasing the threshold for inheritance tax on farm assets from £1m to £2.5m.

We look at how the decision came about, what it means for family farms and where the sector goes from here.

With special guests: NFU president Tom Bradshaw; Country Land & Business Association external affairs director Jonathan Roberts; and Sam Kirkham, partner at accountants Albert Goodman.

This episode of the Farmers Weekly Podcast is co-hosted by Johann Tasker, Louise Impey and Hugh Broom.

Contact or follow Johann (X): @johanntasker

Contact or follow Louise (X): @louisearable

Contact or follow Hugh (X): @sondesplacefarm

For Farmers Weekly, visit fwi.co.uk or follow @farmersweekly

To contact the Farmers Weekly Podcast, email podcast@fwi.co.uk.

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