[News] Farmers

dazzer6666 · Tuesday at 3:15 PM

Thunder Bolt said:
There’s only 500 farms in the whole country where it’s applicable, so he may be one of the few.

Not quite - it's 500 per year affected (according to treasury figures)
https://www.bbc.co.uk/news/articles/c8rlk0d2vk2o

PILTDOWN MAN · Tuesday at 3:17 PM

Thunder Bolt said:
There’s only 500 farms in the whole country where it’s applicable, so he may be one of the few.

Each year

Me Atome · Tuesday at 3:34 PM

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?

jackanada · Tuesday at 3:35 PM

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.

Thunder Bolt · Tuesday at 3:37 PM

jackanada said:
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.

Super Steve Earle · Tuesday at 3:46 PM

Harry Wilson's tackle said:
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.

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.

Harry Wilson's tackle · Tuesday at 3:50 PM

Super Steve Earle said:
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.

No worries :thumbsup:

dejavuatbtn · Tuesday at 3:51 PM

A1X said:
Worth pointing out at this juncture that the UK has not been remotely self-sufficient for food since the late 18th century.

Hence the whole Empire thing and rationing during the war.

With the state of the world at the moment I think we really need to review this point.

chip · Tuesday at 3:55 PM

jackanada said:
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.

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 · Tuesday at 3:57 PM

Thunder Bolt said:

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 · Tuesday at 3:58 PM

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 · Tuesday at 4:01 PM

Eeyore said:
If you pass your house and capital on to the kids, they may have to pay inheritance tax. The difference is that the house is a liquid asset.

If I'm a farmer's son, working that farm, and I inherit it, I do not have a liquid asset if I wish to maintain the business. Thus I could be landed a bill of £1m with no loose capital to pay it. The only choice I may have would be to sell the farm.

I'm not saying their shouldn't be a levy, I'm just saying this needs to be thought through. The farmer's have a point.

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 · Tuesday at 4:02 PM

Harry Wilson's tackle said:
Still shocking.

Imagine voting 52/48 to have one's goolies cut off?

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

Me Atome · Tuesday at 4:03 PM

dejavuatbtn said:
With the state of the world at the moment I think we really need to review this point.

Yes but we won't. Just cover the country with theme parks and solar panels.

Thunder Bolt · Tuesday at 4:06 PM

Me Atome said:
Yes but we won't. Just cover the country with theme parks and solar panels.

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 · Tuesday at 4:07 PM

Half Time Pies said:
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??

The rich man in his castle, the poor man at his gate, God made them, high or lowly, and ordered their estate

ManOfSussex · Tuesday at 4:08 PM

Half Time Pies said:
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??

Somehow her parents found the money to send her to Repton too.

GrizzlingGammon · Tuesday at 4:14 PM

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 · Tuesday at 4:16 PM

ManOfSussex said:
Somehow her parents found the money to send her to Repton too.

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 · Tuesday at 4:17 PM

ManOfSussex said:
Somehow her parents found the money to send her to Repton too.

£45k boarding, £35k for day plebs

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