ginnyg2
Full Member
Don't blame me - I voted for someone else.
Posts: 408
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Post by ginnyg2 on Nov 17, 2024 9:43:44 GMT
Or is there another aspect of the inheritance tax affecting farmland that we are not aware of? Well maybe there is. Click on the link to this very interesting document and all will be revealed: rural.struttandparker.com/article/english-estates-farmland-market-review-winter-2023-24/Enlarge the image and read the market at a glance section, which contains some interesting facts. 1. Other than death and divorce, the most common reason for selling land was profit taking. 2.The proportion of land bought by farmers continues its long-term downward trend and private investors, lifestyle buyers and institutional investors bought over double the area of land as farmers. 3.For the second year in a row, private investors, lifestyle buyers and institutional investors (in that order) have bought over half of the farms available, and over double the area of land as farmers, as they buy larger areas of land on average. So, maybe it's not the farmers who are being targeted after all. It is just unfortunate that some farmers who want to pass on their land to future generations will be collateral damage in the effort to target those who have no interest in farming land and just want to profit from it. |
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Post by piglet on Nov 17, 2024 11:32:41 GMT
I havent read the article but the answer to your question is yes. All governments are gangsters, and they need huge amounts of money to keep their infrastructure running, pay themselves, expense accounts, secretaries, whatever, its an industry in itself with huge organisations below it, pension funds, petrol, buildings, blah blah blah.
There is no money making without mr government wanting its share, like any good gangster, with the law on its side. Im sure if we had an office with half a dozen people running the country, and we did away with the rest, our multi trillion debt would be wiped out in a week.
Does anyone know how much government and local government costs?, we would need ten mega computers working 24 hours for a month. Tax is cancer.
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Post by johnofgwent on Nov 18, 2024 10:51:37 GMT
Or is there another aspect of the inheritance tax affecting farmland that we are not aware of? Well maybe there is. Click on the link to this very interesting document and all will be revealed: rural.struttandparker.com/article/english-estates-farmland-market-review-winter-2023-24/Enlarge the image and read the market at a glance section, which contains some interesting facts. 1. Other than death and divorce, the most common reason for selling land was profit taking. 2.The proportion of land bought by farmers continues its long-term downward trend and private investors, lifestyle buyers and institutional investors bought over double the area of land as farmers. 3.For the second year in a row, private investors, lifestyle buyers and institutional investors (in that order) have bought over half of the farms available, and over double the area of land as farmers, as they buy larger areas of land on average. So, maybe it's not the farmers who are being targeted after all. It is just unfortunate that some farmers who want to pass on their land to future generations will be collateral damage in the effort to target those who have no interest in farming land and just want to profit from it. The problem I see is that (possibly as a result of gazumping) far too many family run farms come in at over the million pounds mark for the land alone. As Clarkson rather succinctly put it, if the party actually cared about family run farms, why not restrict their attack on passing the business from generation to generation to those who like him have a second income stream. Fact is, as one of their own said, they neither need, not give a shit about, family run farms. They came for close companies in 1999 and their after farmers now Simple hatred of the ability to get on |
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Post by Bentley on Nov 18, 2024 10:56:22 GMT
Or is there another aspect of the inheritance tax affecting farmland that we are not aware of? Well maybe there is. Click on the link to this very interesting document and all will be revealed: rural.struttandparker.com/article/english-estates-farmland-market-review-winter-2023-24/Enlarge the image and read the market at a glance section, which contains some interesting facts. 1. Other than death and divorce, the most common reason for selling land was profit taking. 2.The proportion of land bought by farmers continues its long-term downward trend and private investors, lifestyle buyers and institutional investors bought over double the area of land as farmers. 3.For the second year in a row, private investors, lifestyle buyers and institutional investors (in that order) have bought over half of the farms available, and over double the area of land as farmers, as they buy larger areas of land on average. So, maybe it's not the farmers who are being targeted after all. It is just unfortunate that some farmers who want to pass on their land to future generations will be collateral damage in the effort to target those who have no interest in farming land and just want to profit from it. The problem I see is that (possibly as a result of gazumping) far too many family run farms come in at over the million pounds mark for the land alone. As Clarkson rather succinctly put it, if the party actually cared about family run farms, why not restrict their attack on passing the business from generation to generation to those who like him have a second income stream. Fact is, as one of their own said, they neither need, not give a shit about, family run farms. They came for close companies in 1999 and their after farmers now Simple hatred of the ability to get on Indeed. I don’t suppose many farmers have a socialist mindset ,believe males can be females or hate white people. Maybe Labour has a plan for ethnic African/ LGBT collective farms |
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Post by Hutchyns on Nov 18, 2024 11:10:47 GMT
ginnyg2
Well the Farmers can shrug their shoulders and view it as just unfortunate that The Government won't have drafted it's legislation to target profiteers, but instead writing off family farms as 'collateral damage' rather than coming up with a plan that more accurately pinpoints profiteers ........ or they can fight for the future of their farms and hope the British public stands with them against Reeves and Starmer.
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Post by johnofgwent on Nov 18, 2024 11:14:34 GMT
The problem I see is that (possibly as a result of gazumping) far too many family run farms come in at over the million pounds mark for the land alone. As Clarkson rather succinctly put it, if the party actually cared about family run farms, why not restrict their attack on passing the business from generation to generation to those who like him have a second income stream. Fact is, as one of their own said, they neither need, not give a shit about, family run farms. They came for close companies in 1999 and their after farmers now Simple hatred of the ability to get on Indeed. I don’t suppose many farmers have a socialist mindset ,believe males can be females or hate white people. Maybe Labour has a plan for ethnic African/ LGBT collective farms A fair few are not fond of the Welsh but those I have met are, for the most part, Oxfordshire sheep farmers. I did get a laugh at The Navigation Pub on the Grand Union Canal north of Milton Keynes On hearing my accent the landlord presented me with this large sheep blow up doll and said 'here you go taffy, have some fun with that' His face turned white with fear as I stood, approached this ovine latex miracle and went for my zip fly.... I then stopped, picked up said object, rotat d it to have a GOOD look, then put it down and uttered with as much disgust as I could muster... 'Nah. Thanks for the offer mate, but, well how can I put this, she's black, and you know, I have my standards' The 'road' from the Navigation pub to the farmhouse B&B I was staying at was a private concrete track entirely on John Sawbridge's private land at CastleThoroe Which is just as well. I'd been bought twelve pints and sank every one, and led the gymanfa ganu in the pub that started with Cwm Rhondda after the sixth, and ended at thirty minutes past chuckout time with Delilah after the twelfth. Even the landlord sang along with that last one Then I drove back to my bed at the B&B Two days later John's wife while serving up my bacon and eggs said she'd heard I was quite a decent singer ..... |
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Post by buccaneer on Nov 18, 2024 11:18:41 GMT
Starmer wants a farmer.
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ginnyg2
Full Member
Don't blame me - I voted for someone else.
Posts: 408
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Post by ginnyg2 on Nov 18, 2024 11:45:43 GMT
Old McDonald used to have a farm.... |
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ginnyg2
Full Member
Don't blame me - I voted for someone else.
Posts: 408
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Post by ginnyg2 on Nov 18, 2024 18:21:02 GMT
As I stated in the OP - some common sense instead of dire warnings about farmers topping themselves: www.msn.com/en-gb/news/uknews/inheritance-tax-how-out-of-pocket-will-farmers-actually-be/ar-AA1uj6bB?ocid=msedgntp&pc=U531&cvid=be83cf660d224fbaab0d89a1911f863f&ei=10Investors, the wealthy and so-called lifestyle buyers who want the land for leisure have been crowding out farmers and pushing up land prices for some time. If the benefit of avoiding inheritance tax evaporates, they may be less keen to buy, lowering the price of land. Cheaper land is good news for farmers expanding their businesses and it also means breaching the £1.5m or £3m barrier is harder to do. If the government wants to gather tax from the wealthy who are using farm land as a tax dodge, and protect working farmers, then it could carry on with its plan but only trigger the tax on a sale, says Mr Dewes. “I think in general, that element of the policy is not something which people are too upset about.” That way, working farmers could carry on without paying the tax, while those hoping to sell out will only have to pay when the sale completes and they have money to do so. |
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Post by Pacifico on Nov 19, 2024 7:52:57 GMT
Politics is tribal, and the simple fact is that Labour’s tribe does not include farmers getting up at before dawn to feed their flock and sow their seeds. Labour, instead, is a public sector party that’s now driven by urban left progressives who either don’t care about the great British countryside or don’t understand it.
Instead, they clearly just see farmers as a source of tax revenue, whose money should be spent on Labour’s pet projects —out-of-work benefits, pay rises for public sector workers, and providing endless welfare, healthcare, mobile phones, cash cards, and more to the rapidly rising number of asylum seekers and illegal migrants.
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Post by Dogburger on Nov 19, 2024 8:26:21 GMT
Old McDonald used to have a farm.... E,I,E,I,O |
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Post by honestjohn on Nov 19, 2024 13:46:35 GMT
Starmer the farmer harmer |
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Post by Baron von Lotsov on Nov 19, 2024 14:07:00 GMT
Or is there another aspect of the inheritance tax affecting farmland that we are not aware of? Well maybe there is. Click on the link to this very interesting document and all will be revealed: rural.struttandparker.com/article/english-estates-farmland-market-review-winter-2023-24/Enlarge the image and read the market at a glance section, which contains some interesting facts. 1. Other than death and divorce, the most common reason for selling land was profit taking. 2.The proportion of land bought by farmers continues its long-term downward trend and private investors, lifestyle buyers and institutional investors bought over double the area of land as farmers. 3.For the second year in a row, private investors, lifestyle buyers and institutional investors (in that order) have bought over half of the farms available, and over double the area of land as farmers, as they buy larger areas of land on average. So, maybe it's not the farmers who are being targeted after all. It is just unfortunate that some farmers who want to pass on their land to future generations will be collateral damage in the effort to target those who have no interest in farming land and just want to profit from it. Logic dictates that this tax will likely make it a bad investment and so the price of land will plummet. The only brake on this mechanism is the rate is still favourable to many alternative schemes. |
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Post by Baron von Lotsov on Nov 19, 2024 14:11:44 GMT
As I stated in the OP - some common sense instead of dire warnings about farmers topping themselves: www.msn.com/en-gb/news/uknews/inheritance-tax-how-out-of-pocket-will-farmers-actually-be/ar-AA1uj6bB?ocid=msedgntp&pc=U531&cvid=be83cf660d224fbaab0d89a1911f863f&ei=10Investors, the wealthy and so-called lifestyle buyers who want the land for leisure have been crowding out farmers and pushing up land prices for some time. If the benefit of avoiding inheritance tax evaporates, they may be less keen to buy, lowering the price of land. Cheaper land is good news for farmers expanding their businesses and it also means breaching the £1.5m or £3m barrier is harder to do. If the government wants to gather tax from the wealthy who are using farm land as a tax dodge, and protect working farmers, then it could carry on with its plan but only trigger the tax on a sale, says Mr Dewes. “I think in general, that element of the policy is not something which people are too upset about.” That way, working farmers could carry on without paying the tax, while those hoping to sell out will only have to pay when the sale completes and they have money to do so. An alternative could be to make it subject to standard inheritance tax on fams and farm land that was recently purchased. Say you only allow the tax break if the same family has farmed it for over 30 years. |
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Post by Totheleft on Nov 19, 2024 14:17:20 GMT
The problem I see is that (possibly as a result of gazumping) far too many family run farms come in at over the million pounds mark for the land alone. As Clarkson rather succinctly put it, if the party actually cared about family run farms, why not restrict their attack on passing the business from generation to generation to those who like him have a second income stream. Fact is, as one of their own said, they neither need, not give a shit about, family run farms. They came for close companies in 1999 and their after farmers now Simple hatred of the ability to get on Indeed. I don’t suppose many farmers have a socialist mindset ,believe males can be females or hate white people. Maybe Labour has a plan for ethnic African/ LGBT collective farms Hate white people are you a race bater |
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