Not quite - it's 500 per year affected (according to treasury figures)
https://www.bbc.co.uk/news/articles/c8rlk0d2vk2o
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[News] Farmers
- Thread starter Harry Wilson's tackle
- Start date
https://www.bbc.co.uk/news/articles/c8rlk0d2vk2o
Each year
Steve Reed is looking like a nasty person. He has a vendetta against wealthy people investing in farm land, which he says they do for inheritance purposes. That being the case, why not find a way to claim more tax from those horrid wealthy people, instead of raising crippling taxes on farmers?
Well I'd rather they just taxed the billionaires who have sucked up our wealth and the wealth of our descendants over the years of austerity but I'm not entirely against this.
Besides they can all blame Clarkson for buying a farm and boasting about how it meant he avoided inheritance tax. Put a bit of a red flag on it that.
Besides they can all blame Clarkson for buying a farm and boasting about how it meant he avoided inheritance tax. Put a bit of a red flag on it that.
Thunder Bolt
Silly old bat
Super Steve Earle
Well-known member
Not at all. You just seem a bit testy lately. But made me laugh that Watford Zero agreed with your reply to me. It's the only way he can get at me since he became my only poster on ignore.I was much worse 20 years ago.
Anyway, I am not remotely angry. I am raising an eyebrow at the gormless entitlement I am hearing on the radio.
"I am going to have to talk to my accountant now" was a recent comment on the phone in. Shocking scenes.
Look, nobody like change. But hiring a bus to drive to parliament is a bit entitled in my view. And apparently farmers did used to pay inheritance tax, till Thatcher made them exempt in the 1980s. Ooo arr, that be your Maggie.
And there is a national radio phone in on it, so..... if I'm fishing I seem to have caught another tiddler.
- Thread starter
- #207
No worries
dejavuatbtn
Well-known member
chip
Well-known member
And the best bit is they have provided a good solution for less wealthy people to avoid IHT. Give your house to the children, buy a farm for around £1.4M and live seven years. You can also pay each child £7.5K a year rent with no tax liability for them. The budget so far actually seems quite good for people on a salary around that of an MP.
The serial thief (plaigarism) and CV distorting chancellor seems very much out of their depth.
nicko31
Well-known member
Tax dodger and now on the payroll of one too.
Its because of people like him my mate he had to move to France
Half Time Pies
Well-known member
Young farmer comes on TV to claim hardship due to the inheritance tax changes and then inadvertently lets slip that her parents farm is worth a cool £10 million quid! Are we seriously meant to be concerned about the financial wellbeing of someone who will eventually be in the top 1% of the wealthiest people in the country??
Thunder Bolt
Silly old bat
How much would your farm be worth if you had to pay One Million Pound IHT, considering it’s 20% of the value after the £1million exemption and £1million each exemption each for a couple?
Rdodge30
Well-known member
- Dec 30, 2022
- 786
Again - not the case ! I’m fairly certain the last government matched the EU subsidies roughly £2.4billion per year for the duration of the Government. I think it was cut during the last 2 years …… but nothing like as much as the 79% cut that Rachel Thieves has just announced
Yes but we won't. Just cover the country with theme parks and solar panels.
Thunder Bolt
Silly old bat
And golf courses. During a debate on homelessness, it was stated there was more land used for golf courses than for housing.
I’m not 100% sure about that, but it made me think.
nicko31
Well-known member
The rich man in his castle, the poor man at his gate, God made them, high or lowly, and ordered their estate
ManOfSussex
We wunt be druv
Somehow her parents found the money to send her to Repton too.
GrizzlingGammon
Well-known member
- Dec 15, 2018
- 2,027
The ones I saw driving their tractors into London, with union flags proudly on the back, all had them upside down. So I'm out.
Half Time Pies
Well-known member
Good job she left school before the private school VAT changes or we might have needed to start a 'go fund me' page for her!
nicko31
Well-known member
£45k boarding, £35k for day plebs