Sell the land, keep the house - never have to do a day's work again.
She also kept saying that it will only be £3m if the parents live for 7 years - which is not correct. That's about passing it on completely IHT free.
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[News] Farmers
- Thread starter Harry Wilson's tackle
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Sell the land, keep the house - never have to do a day's work again.
She also kept saying that it will only be £3m if the parents live for 7 years - which is not correct. That's about passing it on completely IHT free.
I couldn't agree more (sadly).
Better education on food would be a start.
Actually, make that:
Better education
My great hope for politics is that a party will emerge that champions education above all else (and properly). Give future generations a proper start in life with great education for everyone - the economy would be more productive and the state will spend less on everything from the NHS to policing/criminal justice and the welfare state.
Everything else is a sticking plaster - we need to plough money into education and everything else will take care of itself.
(Yes, I'm a dreamer - a policy that would take 20 years to bear fruit isn't getting a party elected any time soon)
From reading this thread it seems farmers have been working every hour god sends for little reward and a pittance in pay all the while supermarkets drive the farmer’s prices down further. They have done this for years/decades with little to no complaint when they certainly had cause to. The minute a Labour government wants to close an unfair IHT tax loop-hole they protest.
Make of this what what you will.
Make of this what what you will.
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clapham_gull
Legacy Fan
- Aug 20, 2003
- 25,969
As I said above, if I was a farmer I'd disassociate myself from the increasingly unlikeable Clarkson over this issue.
He's now changed his story over wanting to avoid inheritance tax and is saying he bought the farm so he could "shoot", but used inheritance tax as a reason because he didn't want to "look bad."
When has that ever bothered him ?
BrightonCottager
Well-known member
Worth listening to Guy Singh-Watson (Riverford Organics) on this subject. He was interviewed on World at One today (starts at 18:23). Also summarised in his article in this week's vegbox.
He recommends increasing the IHT threshold to £7m (& tax rate to 40%) and removing the CGT loophole that allows rural landowners to buy more agricultural land free of tax when they sell some for development.
He recommends increasing the IHT threshold to £7m (& tax rate to 40%) and removing the CGT loophole that allows rural landowners to buy more agricultural land free of tax when they sell some for development.
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I was at a very well known school last week, explaining to my customer in the Sport department, why they were going to need to need to find £10k for some (safety related) upgrade.
He agreed the work needs doing, but worried about how he was going to approach the discussion with the bursar. "Everything is under scrutiny ATM, because of the whole VAT thing".
I bit my tongue, and chose not to mention that I'd arrived a couple of minutes late for the meeting, because I'd taken the turning for the School's EQUESTRIAN CENTRE, rather than the Sports Centre...
There certainly seem to be a lot of long faces in those parts
BrightonCottager
Well-known member
Hmm, I'm not sure about tumbling. There'll still be huge incentives to buy agricultural land with the prospect of selling it for housing. IHT rates will be half of the rates for non-agricultural land and payable over 10 years, not straight away. And there are other ways to make money from agricultural land without farming it - solar, carbon and biodiversity offsets, for example.
THere's some good breakdowns on a .gov website . . . . Lots of investors with huge tracts of land, rented out to tennant farmers. It's a very complex issue . . . . I agree with the tax, they should count themselves bloody lucky to get away with half the Inheritance tax everyone else does.
£3m is a pretty bloody good whack to get tax free, and I won't be fooled by the sob stories . . . I've met plenty of scruffy 'poor' farmers at race meetings . . . . With £1m + historic race cars . . . Theres one not far from here with a barn full of cars worth a lot more than £3m . . . . All off the radar obviously.
Are you being serious?
Supermarket buying practices has been a talking point for years, likely decades.
From a 5-minute search, I found the following articles, and this sample paragaph is typical of a story I've heard countless times:
"The week began with a price negotiation with a very large supermarket over one of the products that we supply to them. I say “negotiation”; strictly speaking we had already agreed the price once, they wanted it lower still. In fact, I don’t know why I’m calling it a negotiation at all – the buyer demanded a 21% price reduction if we wanted to keep the business and that was that."
2004 - Farmers take Tesco to task over 'ruthless' pricing - https://www.independent.co.uk/news/...sco-to-task-over-ruthless-pricing-732745.html
2009 -Ireland-Farmers complaining over supermarkets profits - https://www.farminguk.com/news/ireland-farmers-complaining-over-supermarkets-profits-_15413.html
2011 - British farmers forced to pay the cost of supermarket price wars - https://www.theguardian.com/environment/2011/jul/02/british-farmers-supermarket-price-wars
2012 -Supermarket price negotiations – they work both ways - https://www.fwi.co.uk/farm-life/supermarket-price-negotiations-they-work-both-ways
2016 - Pig farmers are 'more vulnerable to unfair treatment by supermarkets' as prices fall - https://www.farminguk.com/news/pig-...ent-by-supermarkets-as-prices-fall_38478.html
2022 - Food prices: Why farmers get the smallest share and how to change it - https://www.fwi.co.uk/business/food-prices-why-farmers-get-the-smallest-share-and-how-to-change-it -
2024 - Supermarkets under fire for squeezing farmers in supply chain - https://www.somersetlive.co.uk/news/somerset-news/supermarkets-under-fire-squeezing-farmers-9055436
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Austrian Gull
Well-known member
Not sure who's more loathsome - Clarkson or Lloyd Webber.
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Anyway, this is all a big positive for Labour.
As the cold weather sets in, it will help keep focus away from all the pensioners who will be freezing due to the cruel, callous and dangerous government targeting of some of society's most vulnerable.
As the cold weather sets in, it will help keep focus away from all the pensioners who will be freezing due to the cruel, callous and dangerous government targeting of some of society's most vulnerable.
- Thread starter
- #254
But you're not the only one.
(Apologies. Couldn't resist.
On a serious note, there is education and there is "indoctrination". Not so longer ago telling schoolkids that gay people are equal was not just indoctrination, but illegal as it 'promoted' homosexuality. It would be good if "citizenship" were on the school curriculum, with passing with a specified score being necessary to earn the right to vote. And they said that you're a dreamer.....)
- Thread starter
- #255
I'm feeling chilly already. Brrrrr. BRRRRRR! Brrrr.
Andrew Lloyd Webber flew in from New York in failed attempt to prop up government tax credit vote
Chancellor George Osborne's plan to reduce tax credits was defeated by the House of Lords
www.independent.co.uk
Seems a nice bloke
At a garden centre earlier this year, in Sussex, there was a big Fruit n veg stall outside, oh great I thought . . . Some local produce . . . I bought a few bits, clearly being so early in the season not all was loal, soft fruit for example . . .but I hoped the root vag was as we're between allotments and had little of our own this year . . . . I also grabbed a net bag of garlic, assuming it was from Spain/Italy most likely, looked plump. . . . . When I got home I read the label . . . China . . . . Garlic from China. that really is madness, I felt really bad for not having checked, and the garlic was absolutely shit.
I agree with MJ's ghost, and many others, education is the key . . . . Capitalism keeps it for the elite with good reason. Idiots are easily manipulated and most of us are. .
as for the economics of the farms . . . They've voted to shoot themselves in the foot, taken all the subsidies and do whatevers most profitable . . . They don't give a f*** about what we want or need. They're a business just like any other. But an asset rich business thats sheltered to protect the establishment.
- Thread starter
- #258
I think you have proven @Herr Tubthumper 's point. This (hardball from supermarkets) has indeed been going on for decades, but it is only now that Labour are in charge that the farmers have mobilized in their hundreds of thousands in London to demand action.
dsr-burnley
Well-known member
- Aug 15, 2014
- 2,687
And presumably it would be the same if he was protesting about the loss of winter fuel allowance for the poorest pensioners? To be told to butt out, nowt to do with him?
It's the same attitude from the government re. the farmers as it is with the pensioners. The focus is on how to stop Branson or Lloyd Webber getting any benefit, and if that means other people suffer, so what.
Farmers won't actually suffer financially. They will be forced to sell their land, possibly for building, possibly for solar farms, possibly to multinational conglomerates who don't pay IHT. And, as the government will no doubt say, what reason have we to grow food anyway?
He claims farms under 100 acres are not viable yet half of all farms in uk are under 20 hectares (about 50 acres).
