PJ87
Journeyman Pro
What makes me shake my head about all this is the people sticking up for them, how many kids are in poverty? Where's the march for them?
Same people moaned at the teachers and nurses aswell
What makes me shake my head about all this is the people sticking up for them, how many kids are in poverty? Where's the march for them?
Is this not sort of political? Either way I foresee a thread lock coming along
Living in a rural community, I see totally the other side to this. Farmers are struggling and what we are talking about is generational farmers passing on the land to their children. The land may have a great value but that is only if you sell it. So, you sell the land to pay the inheritance tax and you get no more farm or more large, industrial farming.
My ex father in law owns a farm where the land has a theoretical value over the figures you quote but it remains a daily struggle to actually make any money. He is certainly not a rich farmer. Look at the rates of suicide over financial issues with farmers. Not everyone is Clarkson with millions in TV money behind him.
Spend a while living in an actual farming community with the people who actually work the land and then make up your mind.
It’s about 70 farm lands in total that will be affected by the tax rise
It’s not affecting all the farmers
The land will be worth a fortune before they have to pay 20% tax and over ten years as well
Guess they don’t have any issues with everyone else having far lower thresholds
The farmers already getting millions of subsidies as it - shame they voted for the B
As I said, spend some time actually living in a rural farming community and see the reality of the situation for farmers and then make up your mind. I see it every day and so fully appreciate the standpoint of the farming community.
Not exactly big city around here and surrounded by plenty of farmers at the golf club etc - their idea of “struggling” is massively different to othersAs I said, spend some time actually living in a rural farming community and see the reality of the situation for farmers and then make up your mind. I see it every day and so fully appreciate the standpoint of the farming community.
But that's the thing these farmers you mention won't be the ones effected by this change. Once all the allowances are taken into account they will sale under the limit
You are missing a big point here. The tax is paid on the value of the farm, not what actual money the farmer has. Just because your land is worth loads doesn't mean you can spend that at the shops. The same applies to people who live in big expensive houses but struggle to pay the bills each month.V
Not exactly big city around here and surrounded by plenty of farmers at the golf club etc - their idea of “struggling” is massively different to others
And the ones that do work hard and make ends meet won’t be affected by this tax
This is specific to farms that will sell for over £3mil - if only we all had that level of equity
V
Not exactly big city around here and surrounded by plenty of farmers at the golf club etc - their idea of “struggling” is massively different to others
And the ones that do work hard and make ends meet won’t be affected by this tax
This is specific to farms that will sell for over £3mil - if only we all had that level of equity
A very fair demographic of the farming community, those who golf at a private golf club. Try a few weeks in rural Lincolnshire where pretty much everyone I know is a farmer, farm hand or works in an job connected to farming and you would see how things are on broader scale. Yes there are well off farmers as there are well off people and not so well off in most jobs but it is the willingness to pidgeonhole all farmers into your impression of them. It is very possible to be asset rich and very cash poor when you are carrying on a family business.
You are missing a big point here. The tax is paid on the value of the farm, not what actual money the farmer has. Just because your land is worth loads doesn't mean you can spend that at the shops. The same applies to people who live in big expensive houses but struggle to pay the bills each month.
A very fair demographic of the farming community, those who golf at a private golf club. Try a few weeks in rural Lincolnshire where pretty much everyone I know is a farmer, farm hand or works in an job connected to farming and you would see how things are on broader scale. Yes there are well off farmers as there are well off people and not so well off in most jobs but it is the willingness to pidgeonhole all farmers into your impression of them. It is very possible to be asset rich and very cash poor when you are carrying on a family business.
Can I ask what you think would be fair?A very fair demographic of the farming community, those who golf at a private golf club. Try a few weeks in rural Lincolnshire where pretty much everyone I know is a farmer, farm hand or works in an job connected to farming and you would see how things are on broader scale. Yes there are well off farmers as there are well off people and not so well off in most jobs but it is the willingness to pidgeonhole all farmers into your impression of them. It is very possible to be asset rich and very cash poor when you are carrying on a family business.
What I'd like to see is of the number of farms that will be affected how many are owned by the likes of Clarkson, Dyson and such who bought them to avoid tax .. rather than actual farmers
This I can very much agree with. They are not representative of the general farming community.
Can I ask what you think would be fair?
The arguments the Farmers are putting forward about food prices and struggling etc are because they’ve been battered for years, this inheritance tax is just the next thing to hit them. These protests should of started 10 years ago at least.
The Farming and Fishing industry have been sold a pup!
Were was all this outcry when people like Dyson snd Clarkson are buying hundreds of thousands of acres purely to avoid inheritance tax.
You have absolutely no idea what you're talking and I can't be arsed to argue the toss with youIt’s about 70 farm lands in total that will be affected by the tax rise
It’s not affecting all the farmers
The land will be worth a fortune before they have to pay 20% tax and over ten years as well
Guess they don’t have any issues with everyone else having far lower thresholds
The farmers already getting millions of subsidies as it - shame they voted for the B