FWIW, I’m sympathetic. Farmers have had a rough decade. But they need to propose solutions: ‘HERE is how to target those using land as a tax dodge’. If they rock up with Clarkson and Farage, and the demand is “nobody should pay any tax because ” be prepared to lose some of the room.
Reposted from
Best for Britain
I sense some shock in the studio that not everyone is fully on board with farms of any size paying zero inheritance tax, but views have always seemed to me much more nuanced than the "whole country is behind you" right-wing press headlines. ~AA #BBCQT
Comments
Did anyone bring up or suggest that the farmer's ire should be turned on Dyson, Clarkson et al for driving up farmland prices and in doing so preventing farmers expanding, and turning Govt eyes in their direction?
The biggest element of most estates is the value of the family home, which may have increased several times over above the rate of inflation, and so it hasn't even been taxed once.
Not to mention that most "money" does get taxed over and over again – for different people. As here.
So their parents started with nothing and built it all up?
Or did they inherit significant assets too?
Obscures rather illuminates
Assumed it's treasury led policy, who had input, defra? anyone from framing?
Policy objective is? Raise money..how much?
Likely policy impact?
In NI, cost of acre £14k?, a 100 acre dairy farm, two tractors, milking equipment etc mounts up. Many farmers take day jobs, as they need to
Facts/figures of farm type/size plz?
Hahahaha!
Perfect.
Victoria Atkins in her flag jacket pretending to care and singing ever so loudly.
I know lots of farmers do care but plenty just want as much money as possible & cldnt care less abt the land & nature.
Farm IHT, WFA and employers NI rise need revenue neutral tweaks, but all three have the right guts. They intend to catch the right people but slightly miss target. Misdirected rage doesn't achieve subtle tweaks.