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Post by bancroft on Nov 20, 2024 20:22:25 GMT
I have no problem if this is being applied to owners of farms that are not working farms.
If they are working farms then the inheritance tax should not be paid.
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Post by Red Rackham on Nov 20, 2024 20:28:44 GMT
I have no problem if this is being applied to owners of farms that are not working farms. If they are working farms then the inheritance tax should not be paid. Personally I think inheritance tax should be scrapped, it's immoral and should be abolished. |
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Post by bancroft on Nov 20, 2024 20:34:32 GMT
I have no problem if this is being applied to owners of farms that are not working farms. If they are working farms then the inheritance tax should not be paid. Personally I think inheritance tax should be scrapped, it's immoral and should be abolished. A lot of oldies don't have a will and it goes to the state. What is happening with health is if you have a house and need the support the council is taking about 80% of the house proceeds so kids renting don't get a chance to get on the housing ladder as salaries have not kept us with property prices. |
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Post by Totheleft on Nov 20, 2024 20:44:19 GMT
doesnt matter if Clarkson has several income streams. he admitted he bought a farm for tax evasion and im sure others are the same Of course it matters . It separates him from long held family owned farms . You are so utterly thick that 1 You frame the new IHT laws around a TV celebrity known to say outrageous things 2,Don’t understand that the new laws apply to farms held in families for generations and not only farms bought recently. 3 Are too simple to acknowledge that you cannot Avoid tax by buying tax exempt assets . Tax avoidance is “Tax avoidance is defined as the action in which an individual or a business exploits the existing tax system legally. This, can be through means such as establishing an offshore company in 'tax havens', in which less tax has to be paid in comparison to the company's actual home base.” Your claim is as stupid as someone claiming that buying VAT exempt goods is VAT avoidance. Now get someone to explain this “Since 1992, agricultural property relief (APR) has meant family farms have been passed down tax-free in a policy intended to bolster food security and keep people on the land. This tax exemption was made because farming is often not a lucrative business, and the work is difficult, so people often do it simply because it is the family business. If farmers sell up, this affects food security. The UK now produces less than 60% of the food its inhabitants eat.” Note that it doesn’t mention Jeremy Clarkson or anyone buying land as a tax avoidance . Doofus . you seem to not understand whats actually involved in the taxation let fact check explain it to you www.channel4.com/news/factcheck/factcheck-inheritance-tax-on-farms-explained |
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Post by Red Rackham on Nov 20, 2024 20:49:10 GMT
Personally I think inheritance tax should be scrapped, it's immoral and should be abolished. A lot of oldies don't have a will and it goes to the state. What is happening with health is if you have a house and need the support the council is taking about 80% of the house proceeds so kids renting don't get a chance to get on the housing ladder as salaries have not kept us with property prices. You can avoid the council taking your property to pay for care costs but you have to plan ahead. The council will likely claim 'intentional deprivation of assets' in order to claim your home or assets. My advice is speak to a solicitor sooner rather than later. |
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Post by Dogburger on Nov 20, 2024 20:51:53 GMT
Most don't have the spare cash to give gifts to their kids , the wealth being tied up in assets . There are always loopholes for those who can afford them , there always are . so isnt time to close loopholes Easier to abolish the IT . The 7 year rule is a nonsense and a penalty against the terminally ill . Who would have thought the Labour party after complaining about the uncaring Tories for so many years would be so cruel . |
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Post by bancroft on Nov 20, 2024 21:19:16 GMT
A lot of oldies don't have a will and it goes to the state. What is happening with health is if you have a house and need the support the council is taking about 80% of the house proceeds so kids renting don't get a chance to get on the housing ladder as salaries have not kept us with property prices. You can avoid the council taking your property to pay for care costs but you have to plan ahead. The council will likely claim 'intentional deprivation of assets' in order to claim your home or assets. My advice is speak to a solicitor sooner rather than later. When will you have that conversation so your kids get a decent inheritance? Perhaps you already have. |
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Post by Bentley on Nov 20, 2024 21:19:44 GMT
Of course it matters . It separates him from long held family owned farms . You are so utterly thick that 1 You frame the new IHT laws around a TV celebrity known to say outrageous things 2,Don’t understand that the new laws apply to farms held in families for generations and not only farms bought recently. 3 Are too simple to acknowledge that you cannot Avoid tax by buying tax exempt assets . Tax avoidance is “Tax avoidance is defined as the action in which an individual or a business exploits the existing tax system legally. This, can be through means such as establishing an offshore company in 'tax havens', in which less tax has to be paid in comparison to the company's actual home base.” Your claim is as stupid as someone claiming that buying VAT exempt goods is VAT avoidance. Now get someone to explain this “Since 1992, agricultural property relief (APR) has meant family farms have been passed down tax-free in a policy intended to bolster food security and keep people on the land. This tax exemption was made because farming is often not a lucrative business, and the work is difficult, so people often do it simply because it is the family business. If farmers sell up, this affects food security. The UK now produces less than 60% of the food its inhabitants eat.” Note that it doesn’t mention Jeremy Clarkson or anyone buying land as a tax avoidance . Doofus . you seem to not understand whats actually involved in the taxation let fact check explain it to you www.channel4.com/news/factcheck/factcheck-inheritance-tax-on-farms-explained Nothing in the link refutes my points ..and my points were regarding your idiocy in using Clarkson to frame your argument , your inability to understanding that the new laws apply to family farms owned for generations too and your moronic inability to realise that buying tax exempt land cannot equate to tax avoidance. ThenI repeated a previous post explaining how and why the exemptions were applied . After all that you posted a link which didn’t refute anything I posted and claimed it is ME that doesn’t understand If brains were dynamite, you wouldn’t have enough to blow your dunces cap off. |
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Post by Totheleft on Nov 20, 2024 21:20:55 GMT
so isnt time to close loopholes Easier to abolish the IT . The 7 year rule is a nonsense and a penalty against the terminally ill . Who would have thought the Labour party after complaining about the uncaring Tories for so many years would be so cruel . sorry dont understand what your saying can you explain it a bit for me |
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Post by The Squeezed Middle on Nov 20, 2024 22:01:39 GMT
Of course it matters . It separates him from long held family owned farms . You are so utterly thick that 1 You frame the new IHT laws around a TV celebrity known to say outrageous things 2,Don’t understand that the new laws apply to farms held in families for generations and not only farms bought recently. 3 Are too simple to acknowledge that you cannot Avoid tax by buying tax exempt assets . Tax avoidance is “Tax avoidance is defined as the action in which an individual or a business exploits the existing tax system legally. This, can be through means such as establishing an offshore company in 'tax havens', in which less tax has to be paid in comparison to the company's actual home base.” Your claim is as stupid as someone claiming that buying VAT exempt goods is VAT avoidance. Now get someone to explain this “Since 1992, agricultural property relief (APR) has meant family farms have been passed down tax-free in a policy intended to bolster food security and keep people on the land. This tax exemption was made because farming is often not a lucrative business, and the work is difficult, so people often do it simply because it is the family business. If farmers sell up, this affects food security. The UK now produces less than 60% of the food its inhabitants eat.” Note that it doesn’t mention Jeremy Clarkson or anyone buying land as a tax avoidance . Doofus . you seem to not understand whats actually involved in the taxation let fact check explain it to you www.channel4.com/news/factcheck/factcheck-inheritance-tax-on-farms-explained Please summarise what you think the link says. |
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Post by Pacifico on Nov 20, 2024 22:30:27 GMT
Of course it matters . It separates him from long held family owned farms . You are so utterly thick that 1 You frame the new IHT laws around a TV celebrity known to say outrageous things 2,Don’t understand that the new laws apply to farms held in families for generations and not only farms bought recently. 3 Are too simple to acknowledge that you cannot Avoid tax by buying tax exempt assets . Tax avoidance is “Tax avoidance is defined as the action in which an individual or a business exploits the existing tax system legally. This, can be through means such as establishing an offshore company in 'tax havens', in which less tax has to be paid in comparison to the company's actual home base.” Your claim is as stupid as someone claiming that buying VAT exempt goods is VAT avoidance. Now get someone to explain this “Since 1992, agricultural property relief (APR) has meant family farms have been passed down tax-free in a policy intended to bolster food security and keep people on the land. This tax exemption was made because farming is often not a lucrative business, and the work is difficult, so people often do it simply because it is the family business. If farmers sell up, this affects food security. The UK now produces less than 60% of the food its inhabitants eat.” Note that it doesn’t mention Jeremy Clarkson or anyone buying land as a tax avoidance . Doofus . you seem to not understand whats actually involved in the taxation let fact check explain it to you www.channel4.com/news/factcheck/factcheck-inheritance-tax-on-farms-explained So for the average farm income of around £45,000 you are going to take off another £14,000 in tax - and you think this will have a minor impact?.. You are as bonkers as Rachel from Customer Support. |
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Post by Totheleft on Nov 20, 2024 23:36:15 GMT
Nothing in the link refutes my points ..and my points were regarding your idiocy in using Clarkson to frame your argument , your inability to understanding that the new laws apply to family farms owned for generations too and your moronic inability to realise that buying tax exempt land cannot equate to tax avoidance. ThenI repeated a previous post explaining how and why the exemptions were applied . After all that you posted a link which didn’t refute anything I posted and claimed it is ME that doesn’t understand If brains were dynamite, you wouldn’t have enough to blow your dunces cap off. why do you lick the bum of billionaires |
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Post by Bentley on Nov 20, 2024 23:37:34 GMT
Nothing in the link refutes my points ..and my points were regarding your idiocy in using Clarkson to frame your argument , your inability to understanding that the new laws apply to family farms owned for generations too and your moronic inability to realise that buying tax exempt land cannot equate to tax avoidance. ThenI repeated a previous post explaining how and why the exemptions were applied . After all that you posted a link which didn’t refute anything I posted and claimed it is ME that doesn’t understand If brains were dynamite, you wouldn’t have enough to blow your dunces cap off. why do you lick the bum of billionaires Why are you so utterly thick? |
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Post by Totheleft on Nov 20, 2024 23:38:14 GMT
So for the average farm income of around £45,000 you are going to take off another £14,000 in tax - and you think this will have a minor impact?.. You are as bonkers as Rachel from Customer Support. were talking of a income over a million |
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Post by Totheleft on Nov 20, 2024 23:39:44 GMT
Why are you so utterly thick? maybe now why do you lick the bum of billionaires |
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