But, as has been explained on here many times , farming is different. It just is. There are farms with land worth £3m that would pay £400,000 IHT when they only turn a net profit of £50/60k per year. So it doesn’t make any difference if you get 10 years to pay it does it?
The land is c£10k per...
I think that if you gift a farm in the hope that it is 7 years before you die.. firstly you must pay capital gains tax as if the farm were sold at full value.
If you gift the farmhouse you can no longer live in it or it nullifies the gift - unless you pay rent and your offspring pay tax on...
Because it’s Labour that have reduced funding subsidies by 79% and put in place the inheritance tax that means they will lose their farms. You talk about education why on earth do you think it is cheaper to fly in food ? Lack of necessary regulations, animal welfare and decent wages might be it
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 😳
I’m not sure that’s the case ? If you were to give your primary residence to your kids in order to beat the 7 year cut off point - but you continue to live there as your primary residence- is it still exempt from inheritance tax?
And would therefore probably have to sell the house? As the farmer’s kids would have to sell their livelihood…
A lot of the farmers are struggling and making £50/100k a year is not exactly the massive wages of the wealthy… especially not for the hours and days they have to work … so paying...
Others on here will know far better than me but isn’t he wrong about the figures from The Withdean ?
He says it held 8000 but only got 5000 … I live a long way from Brighton but always remember checking the gate figures and I think it was nearly always 6600, I could be mis remembering but I...
Weak argument from you.
If we all took that attitude literally then nobody would be able to criticise anybody in any walk of life unless they could do the job better or even just do the job
All we can do is comment on actions taken. This budget will cause more problems than it solves in my...
It’s astonishing the amount of people in this forum that think it was a good budget. The burden placed on small businesses will be too much for some and the burden placed on large businesses will without doubt be passed on to the workforce- directly through wage growth and redundancy and...
No it’s the reduction of the starting point on paying employees NI to £5000 … less than £100 a week - which is bringing nearly all the part time workers in the country into the increased employers NI contributions
I love the canal programmes - rewatched many times and one of my go to shows to crash out to alone… along with Bob and Paul fishing. Very sad news, Pru must be lost without him
I honestly thought Sue Gray was a good appointment and posted as much on NSC. To be honest I’m surprised it ended as it did with her being subjected to internal leaks … and then being replaced by her predecessor.