He could choose to gift his land to his children now, of course. But he doesn't strike me as the gifting type. And he probably doesn't have 7 years left. Hopes and prayers.
Can't remember where I read it today but Strutt and Parker say that 56% of farm land purchases last year were not by farmers. No wonder it's so expensive.
1000% rise in agricultural land since 1950. Houses 375% rise in the same period.
Yes - he thought buying a farm just so he could shoot birds 'might look bad' - whereas buying a farm to avoid inheritance tax, play at farming, make neither profit or any significant contribution to the food chain, pay out Ā£40k on a Lamborghini tractor too big to use, etc. looks good, doesn't it? šš
Now I do know Wiki is about as reliable as the Daily Fail for verifiable facts, but this (mischievous?) version of why he called the farm 'Diddly Squat' was too funny to not to share. I think he really renamed it referring to the farm's lack of productivity
It reminds me, a little, of land banking in urban areas. (Mainly) Brownfield sites bought, not developed, then sold on with planning permission, still not developed, perhaps a minor change to the plans, sold on.
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Their land is passed-down generations with no cost.
Whilst the serfs farm the land as tenants.
1000% rise in agricultural land since 1950. Houses 375% rise in the same period.