I'm not disputing how hard it is, but there has to be an aspiration for young people not born into a farm can become farm owners? I'm merely suggesting this IHT rule potentially helps that not hinders it.
I'm not seeing much in the way of articles about how young people can be bought into...
But a huge portion of farms are 50 acres of less, with 10% or so in different regions under 15 acres. https://www.gov.uk/government/statistics/agricultural-facts-england-regional-profiles/agricultural-facts-summary#:~:text=The average English farm size,vary considerably across England's regions...
So I don't disagree with that point, but the question is farms staying in family ownership and inheritance probably isn't helping that point either?
A farm subject to IHT is going to be a larger farm (presumably 50Ha+), and could for example sell a small holding 25 acre portion of land to cover...
Until investors and those buying up farms decided to drive up prices of the land by buying to avoid IHT, then simply retaining the farmers as lease holders or however that farm business was to be managed.
We could also see farm land being available to young aspiring farmers not bought up in a...
I also imagine this is where the problem is for young people - farmers not sharing ownership of their farms with their families or loyal young workers until they die.
If the average farmer is 59, then I suspect his children are between 30 and 40 having worked their arses off most of their...
If your family are working and stand to take over the farm, pass on assets to them as they progress while you're alive. Consider whether an LLP or Ltd is a better model over sole trader for the farm business model. If you get to live into old age, then you've not given any assets to your...
Precisely the reason so many estates have been bought by your Clarkson's with a view of avoiding IHT. I don't remember anyone posting that the IHT exception has created the exact same concern you have for food security. Farmer sells to investor for IHT saving purposes vs farmer sells because of...
What I still fail to get my head around is why a genuine family business isn't already structured for succession planning.
I seem to be hearing that farmers don't want to operate as modern businesses, however with my limited agricultural knowledge, the successful dynamic farms are the ones...
Absolutely this! Loads of dogs are complete twats, absolute lose their shit at suddenly someone wearing a red rucksack or a weird hat - but very few of the dogs having these reactions leave human beings facing fatalities.
What was going on between Guardiola and Van Hecke at the end? Look like Mr Sore Loser was pulling Van up on some pulling. Might be wrong but VH didn’t look that happy about it.
Yes, but up until July Biden was still standing and she was going to be doing another 4 years as VP if he won. It wasn't until July she had to convince the America people she had been thinking of what she would do differently and communicate that in a campaign. The VP is there to step in on the...
Agree with the above. ^^^
Not a case of 'one that got away', more wrong time in his development. It's a sliding doors scenario. Kept him and he may not have got as much playing time, may not have developed as he has done - which has taken time. Had he gone and 9 months later he's banging them...
Trump had no political background when elected in 2016. Both Hilary and Harris have credible and impressive political CVs. Trump has celebrity though.
I think Harris's problem was one of not expecting to be a candidate until 2028, then only having the best part of 3 months to try to convey what...
Regardless of your political leanings, electing successive 78 years doesn't really speak of progressive, high energy future looking thinking. It can't be too hard a job if it can be done by 78 year olds going into their 80s. There is a reason most people retire in their mid to late 60s...
Sadly it is a gain for nationalist right wing populists everywhere. The gain here is emboldening Reform, making the Conservatives feel they need to drift even further right.
If you're of this political persuasion, and we know a few NSCer's are, then it is a big victory even if it is the other...