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Corrected for you :smile:

Waterhall was useful in the winter when all the lower-level courses were flooded........and I hated Hassocks as well :laugh:

Dunno - perhaps a simple 'primary asset' or 'primary business/source of income' test ? Easy enough to cross-check with the data HMRC have at their disposal - much the same as treatment of second homes for CGT purposes etc. Just distinguish between where it's your livelihood or an 'investment'

Simpler answer might have been to separate the real farms from those bought as tax avoidance assets.................

More closing than opening - just in the immediate area Hassocks is now a housing estate, Waterhall has been 'rewilded', and the Burgess Hill par 3 course will be a housing estate in a few years time. Lots of courses struggling financially.

*clicks ignore thread button* :smile:

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

It originally sold out at 216+ points, so any additional tickets will only be available to that tier and above

Should certainly impact agricultural land values...............if there's no longer a tax advantage then the wealthy aren't going to be buying farms (and will presumably be selling, although not sure there will be many buyers around). Probably won't impact IHT much either way as if the numbers...

I suggested earlier it's the straw that's broken the camel's back - I guess all of the other issues are a piecemeal collection that combined (over many years) have made life increasingly difficult, but this is a new, headline change by a new government so presents an opportunity to kick up a fuss.

…..and now they can’t get enough staff to pick their veg……..

IHT is more the straw that’s breaking the camel’s back………

Had a long chat with one of my old schoolmates at the weekend - her and her husband are in the process of giving up their (pig) farm. They simply can’t make it pay any more - meat prices continually squeezed by the markets, costs rising, regulation strangling them etc etc. Actively encouraged...

Nice theory but really not sure how we get say a 17 year old off to agricultural college to learn how to run a farm, then work on one earning enough - on what are crap wages - to save up a £50k (absolute minimum) deposit to buy his own farm (if there’s any lender that would even consider giving...

What about somewhere to live ? Equipment ? Livestock ? Vehicles ? …..and then when you’ve got all that, 60-80 hours a week, on call 24/7 to make - in most cases - very little money.

Nope. Would be treated as a ‘gift with reservation’ and still be included in the estate for IHT purposes. Maybe working farms that have been in families for generations should be exempt 🤷‍♂️ You could potentially gift it to avoid IHT and still occupy it, but would have to pay a full market rent...

Main beneficiaries here will be lawyers and accountants, getting fees for helping farmers structure their assets in such a way as to get round it.

Do ? :oops:

Slightly surprised A+ members can buy two guest tickets for Palace. What could possibly go wrong :facepalm: