Farmers on the march

[denso13]

I have also assumed

Yes, you have.

 

[motorbiking]

Biking from the boatyard was postulating a business asset that produces less than 1% profit.

That's not much of a business, it it?

poor JohnD still doesn't understand farming. Unlike you, I did some research.

this will tell you how much a farm is worth per acre

Agricultural land values in England reached a new record in 2023

Q4 2023 edition of Strutt & Parker’s English Estates & Farmland Market Review which shows that non-farmers bought more farms than farmers in 2023.

rural.struttandparker.com

this will tell you how little they make per acre

Updated arable farm profit forecasts for harvest 2024

Forecasts for profitability from harvest 2023 and for harvest 2024 from Strutt & Parker’s arable farm profitability model

rural.struttandparker.com

Maybe they should all sell up and become stock brokers.

Yes, you have.

which makes my model more optimistic (higher income)

You and JohnD are welcome to crunch the numbers, lets see you do the maths for:

Unmarried/single parent passing their 200 acre farm to their descendants
Maried parent passing their 350 acre farm to their descendants

Hint: there are 2.47105 acres to a hectare

 

[Brigadier]

Top 10 British “family farmers” and how much tax exempt agricultural land they own.

1 Duke of Buccleuch 268,618 acres.
2 Duke of Westminster 125,311 acres
3 Duke of Atholl 124,163 acres
4 Duke of Northumberland 120,514 acres
5 Duke of Beaufort 53,691 acres
6 Duke of Argyll 51,309 acres
7 Duke of Devonshire 50,948 acres
8 Duke of Roxburghe 44,376 acres
9 Duke of Marlborough 24,725 acres
10 Duke of Norfolk 19,793 acres

Just a typical average family farm says Motorbiking

Blows a fegging big hole in Ellal's "support the farmers" and "vive la republique" rantings yesterday

 

[denso13]

You and JohnD are welcome to crunch the numbers,

In my scenario they have invested wisely so IHT is a non issue.

 

[motorbiking]

Blows a fegging big hole in Ellal's "support the farmers" and "vive la republique" rantings yesterday

apart from the 209,000 other farms in the UK.

 

[motorbiking]

In my scenario they have invested wisely so IHT is a non issue.

maybe they were as good at running a business as you and as wise as investor as you are.

So good they ended up an employee and with an income that doesn't require them to do a tax return.

Not what I would call success.

 

[JohnD]

Maybe they should all sell up and become stock brokers.

Tell us again why special tax handouts are deserved by people who inherit a multi-million estate producing less than 1% profit.

 

[blup]

Someone should have thought of that.

Council farms: what are they, and why are they so special? - CPRE

You might have heard of ‘council farms’. But what are these increasingly rare types of farms, and what makes them special?

www.cpre.org.uk

Our local council had some but sold them off to pay for social services and pot holes. And housing where they could. make a killing and controlled the planning process.

 

[motorbiking]

Tell us again why special tax handouts are deserved by people who inherit a multi-million estate producing less than 1% profit.

Because their business feeds the nation.

 

[denso13]

maybe they were as good at running a business as you and as wise as investor as you are.

So good they ended up an employee and with an income that doesn't require them to do a tax return.

Which makes my point for me.

 

[motorbiking]

You haven't made a point.

 

[Brigadier]

apart from the 209,000 other farms in the UK.

How many will be subject to this IHT?

 

[Notch7]

apart from the 209,000 other farms in the UK.

which are all suffering as a result of Jeremy Clarksons investing in farms to avoid tax

 

[motorbiking]

Depending on if the current owner is married or not.
Anyone with about 40 Ha up (single), or 100 Ha for a married couple.

 

[Notch7]

How many will be subject to this IHT?

about 400,000 according to MBK