Multi-millionaire farmers complaining about having to pay a fraction of IHT at over £3 million is the very definition of First world problems many of whom encouraged by Tory Party voted to be poorer every day by voting for Brexit.
No balance, no nuance, no realisation of the impact and the unintended consequences.
I haven't got a farm and will likely have to pay some inheritance tax. Most farms in Wales aren't owned by big estates, are the product of several generations of input. It's a radical change,needs tapering at least
A pity these sensible arguments don’t get more of a hearing on the BBC, which only seems interested in broadcasting the views of steamed up farmers when the topic comes up
The anger of so many over privileged farmers is a sign that the Labour Party is at long last facing up to some inherent injustices in our society. This is an excellent article.
This is just as wrong as the piece in today's Observer on farmers inheritance tax changes - the numbers affected are so small, and those affected so wealthy, it won't make a difference.
The average value of estates affected by the changes is £8m!
Comments
I haven't got a farm and will likely have to pay some inheritance tax. Most farms in Wales aren't owned by big estates, are the product of several generations of input. It's a radical change,needs tapering at least
The average value of estates affected by the changes is £8m!