Farmers on the march

[motorbiking]

Righto, as you are wont to say

English?

 

[ajohn]

Farms and farmland in the UK increases in value, year-on-year.
According to a quick Google, at rates surpassing even that of gold recently.

That is part of the reason for the budget. Mrs T removed the tax and farm land prices have increased ever since. It's being used as a method of avoiding inheritance tax by some.

 

[motorbiking]

and feeding the nation by others.

 

[ellal]

Apart from the fact that I support the monarchy, it is not "their" wealth: it is "ours" (as in, belongs to the nation).

In one stroke you have shown your total ignorance of inherited wealth...

But then you are just a simple self admitted serf who is willing to be exploited without question

 

[Brigadier]

In one stroke you have shown your total ignorance of inherited wealth...

But then you are just a simple self admitted serf who is willing to be exploited without question

Has your exclamation key broken?

 

[Brigadier]

English?

Perfect, thank you for appreciating

 

[blup]

Farms and farmland in the UK increases in value, year-on-year.
According to a quick Google, at rates surpassing even that of gold recently.


"My parent's farm increased in value by £120k last year.
It will likely do the same, or even better, next year, and the years after that.
Rather than release some of that equity to pay an IHT, I want the whole lot for myself."

How accurate a description is the above?:

Quite accurate, there is a lot of foreign investment in farms as well as home grown tax avoiders. A minority of purchasers are farmers, that minority is getting smaller. In some ways IHT will be the straw that breaks the camel's back for many smaller farmers, but only because Borris and his brexhit loving chums had taken a baseball bat to it first.

 

[ellal]

Has your exclamation key broken?

Has your single brain cell quit working?

 

[blup]

Have to laugh at Clarkson who denied he bought his farm to avoid IHT, but has already planned his next tax avoidance scheme by putting it in a trust.

 

[Notch7]

yes. It's easy to look at the value of farms by region. There are farm equiv. of rightmove. A typical 350 acre farm in the SE/South sells for £4-8M. But you can do your own research on values.

The descendants who want to carry on farming their parents farm who inherited it from their parents, who inherited from their parents.

you are completely wrong as usual

here is Paul Johnson director IFS:

Paul Johnson, Director of the Institute for Fiscal Studies (IFS), says: "What the budget did was reduce the amount of additional relief that farmers get on agricultural land.

"It still means they'll be significantly more generously treated than the rest of us and still more generously treated actually, than farms used to be in decades past.

"The changes will affect actually a remarkably small number of some of the most valuable farms. The majority will still not be affected by this."

Most farmers unaffected by budget tax changes, IFS says, despite fears children could be robbed of legacy

Putting a limit of 50% inheritance tax relief for farms worth more than £1m will affect a "remarkably small number" of farmers, according to the Institute for Fiscal Studies, but one says it threatens his ability to pass on land "handed down through four generations".

news.sky.com

 

[Notch7]

A typical 350 acre farm in the SE/South sells for £4-8M

thats not a typical farm

the average farm in the SE is more like 120 acres

so you are manipulating figures like a good Tory

 

[motorbiking]

you are completely wrong as usual

here is Paul Johnson director IFS:

Paul Johnson, Director of the Institute for Fiscal Studies (IFS), says: "What the budget did was reduce the amount of additional relief that farmers get on agricultural land.

"It still means they'll be significantly more generously treated than the rest of us and still more generously treated actually, than farms used to be in decades past.

"The changes will affect actually a remarkably small number of some of the most valuable farms. The majority will still not be affected by this."

Most farmers unaffected by budget tax changes, IFS says, despite fears children could be robbed of legacy

Putting a limit of 50% inheritance tax relief for farms worth more than £1m will affect a "remarkably small number" of farmers, according to the Institute for Fiscal Studies, but one says it threatens his ability to pass on land "handed down through four generations".

news.sky.com

You are welcome to do your own research. It really depends what is meant by a remarkably small number of Farms. In the South of England most farms will be worth over £1M. Unless they are ant farms.

 

[ReganAndCarter]

land owning,

A farmer who doesn't have any land is about as much use as a builder without a shovel.

Do you also imagine that all plumbers have the wealth and assets of someone like Charlie Mullins, because you were told they're all loaded?

Next time you're on another break down at the caff pushing a bacon sarnie into your face, remember all is thanks to hard working farmers.

What was I saying about know-nothing townies. Didn't think it would be long.

 

[motorbiking]

thats not a typical farm

the average farm in the SE is more like 120 acres

so you are manipulating figures like a good Tory

You understand that a typical 350 acre farm is not a claim that 350 acres is a typical farm.

the average farm is 82 hectares. Thats 200ish acres in old money.

 

[JohnD]

Next time you're on another break down at the caff pushing a bacon sarnie into your face, remember all is thanks to hard working farmers.

And hard working farm workers

And machinery repairmen

And pickers

And cooks

Caff workers

And tax consultants

And wealth managers

What special tax concessions do you propose for them?