[News] Farmers

[nsclurker]

Nah.

I'd much rather pay a little bit more NI or tax myself, instead of poverty-stricken pensioners being hit hard.

I'd rather the rich and corporations paid a fair amount, TBH. We already do.

 

[Herr Tubthumper]

Your posts seem to indicate you've made your mind up on that, regardless od what anyone else may say.

Anyway, here's two farming protests in central London that happened under Tory governments. There's probably more, but you have the same search tools as me if you are genuinely interested.





I was mulling this whilst walking the dog in the freezing pissing rain, and I came to the same conclusion as @dsr-burnley. As with the Winter Fuel Payments, it feels like a sound policy that has been poorly or lazily implemented such that worthy cases are caught up in it adversely.

I know next to nothing about farming, and knew literally nothing about farm inheritance before Reeves' party piece a few weeks back. I had no idea that farmers had an Inheritance Tax waiver.

But since then, I've listened and read to try and understand the reasoning behind the angst, and there does seem to be some merit. And, as often is the case with these things, the little guy will be impacted the most. The big guy will have access to lawyers and accountants who will help them minimise how they get hit.

From the information I have read yes, I have made my mind up….the same as you seem to have. On balance, I’m in favour of IHT so this Is how I feel. But this situation is more than a simple IHT debate as it addresses an unfair advantage farmers have had for decades and an advantage which has been used as a tax loop hole… closing this loop hole is a good thing. I also disagree that “the little guy will be impacted the most”….the little guy won’t be paying any IHT.