"World's smallest violin."
For multimillionaire farmers who balk at even paying half inheritance tax.
For multimillionaire farmers who balk at even paying half inheritance tax.
Comments
https://youtu.be/s9J0GpnXNhY?si=CLjt0tFCHwSH8o21
BTW
Nobody is taxing the dead!
Farmers plan to give the Farm to their kids not sell it on to the highest bidder.
This Tax forces Farmers who have inherited the land to sell.
It's wrong.
Most farmers are Tennant farmers and therefore NOT pass on the farm to their family
This guy explains it in more detail but it’s on the other channel
https://x.com/tomabacon/status/1859385352886362192?s=46&t=mcY9M7aPbA53cs1cZKeKhA
And they cannot afford it.
BTW
Inheritance tax is only assessed on the amount of assets above £1 million and in some cases above £3 million, can be paid over a 10 year period interest free to HMRC
The rich have been avoiding paying IHT by buying up lots of farmland!