I had this conversation with a friend last week. His father in law was ill with cancer, and died a couple of weeks ago. My friend's wife and her brother were looking after him and their mother, who is also quite ill, while their useless brother, who's still living at home, did nothing. The father was a farmer all his life, and when he died he left everything to the useless son, who's too lazy to wipe his own arse. When I say "everything", I mean a bit of land. Everyone thought he had money but all he had was a bit of land and a shitty tractor. So instead of giving it to someone useful 30 years ago, who might have made something of it, he's left it to a useless fuck, who'll never do anything with it.I suppose that's another issue - half of food producing farms in England (if I recall) are tenanted and tenants worry their farms will be sold from under them to pay the IHT.
The elders not leaving the youngsters to get on and farm is a massive problem in agriculture as I see it. Most dynamic industries are full of young people. Who's going to come up with a fresh new look at their business when they finally take the reins at 60? Most "progressive" farmers hand it over to their kids when the kids are in their 30s or younger and therefore also won't be paying any IHT.
"Jam Tomorrow"
Feels more like a Tory rural people vs Labour townies - and it’s just a case of the Right being desperate to grab anything which they think they can kick the Govt with.I'm genuinely slightly baffled they are losing their shit over this quite as much as they are.
Feels more like a Tory rural people vs Labour townies - and it’s just a case of the Right being desperate to grab anything which they think they can kick the Govt with.
I was talking to a combing harvester operator near me a couple of years ago, and his machine and the crew were hired by that farm. They moved from the south to the north of the this island, as the wheat ripens later further north.A farming lady on the news this morning was making the point that just owning a couple of combine harvesters already gives you £1m in "assets", but it's not as if you can easily liquidate that (or continue to do the job without them).
I was talking to a combing harvester operator near me a couple of years ago, and his machine and the crew were hired by that farm. They moved from the south to the north of the this island, as the wheat ripens later further north.
I think it is referring to the thousand years before that.Dunno how they worked that out - inheritance tax relief on farmland was brought in in 1984.
"We chose to come by car to avoid the busy public transport with for the safety of our little one. They want to take our farms and they can be lawless on our land and steal our property."
Farmers, the guardians of the environment blah, blah, blah...
Farming couple who drove 150 miles with baby to join Westminster protests left stranded after truck stolen from hotel
A couple who drove more than 150 miles to attend the Westminster farmers protests with their baby have been left stranded in the capital after their truck was stolen from outside their hotel.www.lbc.co.uk
James and his partner had travelled with their baby from their arable farm in Woodhall Spa, Lincolnshire, to east London ahead of Tuesday's planned protest against Rachel Reeves proposed changes to inheritance tax.
The new parents had made the lengthy trek in a bid to support the agricultural community, urging those across the UK to "stand with a farmer not with Starmer".
But within hours of arriving in the capital, the couple fell victim to vehicle crime.
Venturing out to collect items from the vehicle, the pair discovered their Toyota Hilux truck, once belonging to James' father, had been stolen "15 metres" from the front doors of their Docklands hotel.
Clarkson getting his handed to him today...
He seems to have totally lost the plot in that interview.
IHT relief was brought in in 1984, there would have been death duties to pay before that.I think it is referring to the thousand years before that.
I’m sure the farming crew all secretly love that story - can’t go to London without getting the car stolen. Still leave our doors open in the countryside!Farmers, the guardians of the environment blah, blah, blah...
Farming couple who drove 150 miles with baby to join Westminster protests left stranded after truck stolen from hotel
A couple who drove more than 150 miles to attend the Westminster farmers protests with their baby have been left stranded in the capital after their truck was stolen from outside their hotel.www.lbc.co.uk
Some online sources are calling it "class war", which I know should make some Urban posters to break a rib with laughter. By adding together "banning smoking", "tax on private schools", and "inheritance tax on land" they've somehow got "this is socialist hell and we're all going to die"I suppose my answer to whether or not I support the famers is that I'm genuinely slightly baffled they are losing their shit over this quite as much as they are.
We had IHT on farms prior to 1984 ad there was still a farming industry, other European countries (eg Denmark) have something like 30% IHT on farms and there are still farms there.
Equally, all they have to do to avoid IHT is simply give it away to their heirs and live another 7 years.
Inheritance tax is a tax on people who don't trust their children..........
tbh ...
I think farmers should have to pay inheritance tax like anyone else that ends up with "stuff" that is so valuable and doesn't get the situation sorted before the deadline for deals ie when the taxman calls. There are a lot of legal ways of reducing your IT liability ... the main one - live 7 years after giving "it" away, and you can do so in stages ...
Prolly gone loon. Wouldn't be the first ex BBC to dive into the hole.His ranting about "typical BBC" is rather odd isn't it? Surely his fame and a significant part of his wealth is due to Top Gear which I seem to recall was shown on the BBC.
You're looking at this wrong. How often do you hear of a truck being nicked in London on LBC other than today when all those farmers are in town...I’m sure the farming crew all secretly love that story - can’t go to London without getting the car stolen. Still leave our doors open in the countryside!
Someone will be getting stabbed next…
Glad you're getting out!Sure seems like all the worst scum were on this demo.