There's a clown farmer that lives around 10-15 mins from me that likes to see and hear himself on TV. I think he's misleading a lot of his fellow farmers because, as you state, many won't pay IHT anyway.

comment by Diafol Coch 77 🏴󠁧󠁢󠁷󠁬󠁳󠁿 JA606 Class Act (U2462)
posted 4 minutes ago
There's a clown farmer that lives around 10-15 mins from me that likes to see and hear himself on TV. I think he's misleading a lot of his fellow farmers because, as you state, many won't pay IHT anyway.
----------------------------------------------------------------------

Sorry about the rugby 🥲

Can be avoided by almost all farmers who plan ahead and those that are 'caught' pay at 20% with 10 years to pay it off. For eveyone else, it's 40% and due within 12 months.

But at least I'll be funny seeing them all pleading poverty by demonstrating in their £90k Range Rovers.

comment by Diafol Coch 77 🏴󠁧󠁢󠁷󠁬󠁳󠁿 JA606 Class Act (U2462)
posted 1 hour, 12 minutes ago
There's a clown farmer that lives around 10-15 mins from me that likes to see and hear himself on TV. I think he's misleading a lot of his fellow farmers because, as you state, many won't pay IHT anyway.
----------------------------------------------------------------------
clowns are farmed !?!?!

its just another example of the bleating of the UKs ruling, land and means of industry owning class at the cold shock and horror of them now having to come to terms living under a Labour governement that has started as they mean to go on in redistributing wealth fairness and justice toward the poorer people in society in order to create wealth and growth for the common good, against their own long-standing belief that wealth creation can ONLY be achieved by pandering to the established rich and those privileged by birth by protecting their family business interests and wealth. Despite being brainwashed by their Tory lapdogs that Starmer's Tory-Lite Labour was in fact no different in policy to the Conservatives with no alternative plan for growth running up to the recent GE. And beliveing it ! Well they are not the same... and they do have a different plan. Change was promised, the UK overwhemlingly voted for it... and its coming now.

I think I'd have a lot more empathy had people like Clarkson and Dyson not specifically said the reason they bought farms in the first place was to avoid inheritance tax.

The genuine farmers who will have to pay this tax should be angry at the likes of them for taking advantage of the system, not the government.

comment by whodunnit (U22710)
posted 37 minutes ago
comment by Diafol Coch 77 🏴󠁧󠁢󠁷󠁬󠁳󠁿 JA606 Class Act (U2462)
posted 1 hour, 12 minutes ago
There's a clown farmer that lives around 10-15 mins from me that likes to see and hear himself on TV. I think he's misleading a lot of his fellow farmers because, as you state, many won't pay IHT anyway.
----------------------------------------------------------------------
clowns are farmed !?!?!
----------------------------------------------------------------------

Laughing Stock

comment by Barf Vader (U15867)
posted 32 seconds ago
comment by whodunnit (U22710)
posted 37 minutes ago
comment by Diafol Coch 77 🏴󠁧󠁢󠁷󠁬󠁳󠁿 JA606 Class Act (U2462)
posted 1 hour, 12 minutes ago
There's a clown farmer that lives around 10-15 mins from me that likes to see and hear himself on TV. I think he's misleading a lot of his fellow farmers because, as you state, many won't pay IHT anyway.
----------------------------------------------------------------------
clowns are farmed !?!?!
----------------------------------------------------------------------

Laughing Stock
----------------------------------------------------------------------

comment by Robben Amorim (U22716)
posted 1 hour, 53 minutes ago
comment by Diafol Coch 77 🏴󠁧󠁢󠁷󠁬󠁳󠁿 JA606 Class Act (U2462)
posted 4 minutes ago
There's a clown farmer that lives around 10-15 mins from me that likes to see and hear himself on TV. I think he's misleading a lot of his fellow farmers because, as you state, many won't pay IHT anyway.
----------------------------------------------------------------------

Sorry about the rugby 🥲
----------------------------------------------------------------------
It's OK. Good to see the Aussies with a decent team again really. We need a new coach. Gatland the Jose Mourinho of Rugby nowadays.

The talk of this threatening UK food security is laughably disingenuousness. If the farm is commercially viable, it will continue to produce food, regardless of whether the heir has to pay some inheritance tax on it.

comment by Robben Amorim (U22716)
posted 1 hour, 56 minutes ago

Sorry about the rugby 🥲
----------------------------------------------------------------------

I keep reading that Australian rugby union is in irrevocable decline. Did you just hustle the northern hemisphere?

comment by Red Russian (U4715)
posted 4 minutes ago
comment by Robben Amorim (U22716)
posted 1 hour, 56 minutes ago

Sorry about the rugby 🥲
----------------------------------------------------------------------

I keep reading that Australian rugby union is in irrevocable decline. Did you just hustle the northern hemisphere?
----------------------------------------------------------------------

We just raid Rugby League for some of their best players. We’d genuinely boss Union forever if we put some of the best league stars in Union shirts. Maybe that’s the plan.

comment by Diafol Coch 77 🏴󠁧󠁢󠁷󠁬󠁳󠁿 JA606 Class Act (U2462)
posted 9 minutes ago
comment by Robben Amorim (U22716)
posted 1 hour, 53 minutes ago
comment by Diafol Coch 77 🏴󠁧󠁢󠁷󠁬󠁳󠁿 JA606 Class Act (U2462)
posted 4 minutes ago
There's a clown farmer that lives around 10-15 mins from me that likes to see and hear himself on TV. I think he's misleading a lot of his fellow farmers because, as you state, many won't pay IHT anyway.
----------------------------------------------------------------------

Sorry about the rugby 🥲
----------------------------------------------------------------------
It's OK. Good to see the Aussies with a decent team again really. We need a new coach. Gatland the Jose Mourinho of Rugby nowadays.
----------------------------------------------------------------------

Ahhh, Gatland. Once a legend. Now losing to Fiji.

The only way for farmers to stop things like this happening again is to vote Labour in the next election. That way, Labour won't want to lose their vote so won't see them as an easy target. At the moment, farmers all vote tory so Labour aren't losing any votes by doing what they want.

comment by Red Russian (U4715)
posted 3 minutes ago
The talk of this threatening UK food security is laughably disingenuousness. If the farm is commercially viable, it will continue to produce food, regardless of whether the heir has to pay some inheritance tax on it.
----------------------------------------------------------------------
Speaking from a position of knowledge, it’s less about food security (agree that it’s disingenuous), and more about job security, and keeping what is essentially a family business in the family. Some sons/daughters will not be able to take over the family farm, others will have to sell part of the estate. What will end up happening is the rural communities will lose a lot of their workforce, and big companies/farms will swallow the smaller holdings. This will lead to more intensive farming (not good for the environment) and the decimation of rural villages as we know them. Call it scaremongering if you like, but I have already seen things happening that are irreversible.

comment by whodunnit (U22710)
posted 1 hour, 4 minutes ago
comment by Diafol Coch 77 🏴󠁧󠁢󠁷󠁬󠁳󠁿 JA606 Class Act (U2462)
posted 1 hour, 12 minutes ago
There's a clown farmer that lives around 10-15 mins from me that likes to see and hear himself on TV. I think he's misleading a lot of his fellow farmers because, as you state, many won't pay IHT anyway.
----------------------------------------------------------------------
clowns are farmed !?!?!
----------------------------------------------------------------------
This made me laugh far more than it should have.

Ideological lot those farmers, get screwed relentlessly by the supermarkets for decades showing little solidarity in response.
Charge IHT @ 20 % when the rest of us pay 40 they’re out in their tractors clogging up the roads.
Bunch of subsidy addicted blowhards who could do with some household budgeting lessons

comment by kramthered (U10304)
posted 10 seconds ago
Ideological lot those farmers, get screwed relentlessly by the supermarkets for decades showing little solidarity in response.
Charge IHT @ 20 % when the rest of us pay 40 they’re out in their tractors clogging up the roads.
Bunch of subsidy addicted blowhards who could do with some household budgeting lessons
----------------------------------------------------------------------
Very simplistic view. See my comments above.

The reason why such exemption existence in the first instance is still valid in the case of family farms.

There is a lot about farming that makes it unique to other industries and therefore requires a bespoke approach to how it is taxed.

The fact the OP said "he looked into it" points to knowing little about the farming industry and the nuances of it are not understood from a cursory google search.

Agriculture has benefitted from the common agricultural policy which see huge levels of subsidies etc to support farming and make sure it is viable and supply is retained. This points to its unique nature and its sensitivities which have driven the need for the CAP.

There has been an issue in this exemption being taken advantage of and the wealthy have exploited it by buying land, letting it out to be farmed and then it is exempt from 40% of IHT. It has contributed to driving land values up. This is a practice that is rightly being targeted by the Govt.

However the collateral damage from this policy will be quite damaging especially for family farms.

There are a multitude of issues but the key concern is that the impact on family farsm will lead to the sale of such farms and agricultural becoming bigger and bigger business.

The issue with that is environmental but also quality.

If you take a high street for example, it is not healthy for such to be occupied solely by the big names. Diversity, local businesses, local goods/service, small independent shops all add to the quality but more significantly the economic health of an area.

The same applies to agriculture. The tradition of handing a farm down through the generations the passing on of knowledge and skills and the ongoing entrepreneurship that derives from these farms enriches local economies and this country as a whole. Also, and very significantly, these smaller scale farms are the ones that deliver the greater environmental gain. Many truly act as stewards of the land and this drives the regeneration of the countryside. Big businesses, as they do, drive bigger returns, economies of scale, greater profit and while this may put some cheaper food on the shelves, it is typically the most exploitative process.

The imposition of IHT will put a lot of family farms in a position where to hand over their farm to the following generation will cost them 100s of thousands of pounds.

Research by the Country & Land Business Assoc concluded that a typical family farm would have to put 159% of annual profits into paying the new inheritance tax every year for a decade and could have to sell 20% of their land.

Their analysis showed that a typical 200-acre farm owned by one person with an expected profit of £27,300 would face a £435,000 inheritance tax bill.

This will drive families out of the business, paving the way for big business to step in, and this country will be much poorer for it.

What is most ridiculous about the application of this policy (and I am not against it in part to address the loop hole the wealthy are exploiting) is that it has been imposed after Defra was not properly consulted over the change (source: Newsnight) and that the NFU were not consulted at all. Both these bodies state that the Govt's. figures on how many would be impacted are wrong.

The policy is ill-considered and its impacts are indiscriminate. It's equivalent to wanting to tax the rich more by adding 2p to the basic rate of tax.

comment by Devonshirespur (U6316)
posted 2 seconds ago
The reason why such exemption existence in the first instance is still valid in the case of family farms.

There is a lot about farming that makes it unique to other industries and therefore requires a bespoke approach to how it is taxed.

The fact the OP said "he looked into it" points to knowing little about the farming industry and the nuances of it are not understood from a cursory google search.

Agriculture has benefitted from the common agricultural policy which see huge levels of subsidies etc to support farming and make sure it is viable and supply is retained. This points to its unique nature and its sensitivities which have driven the need for the CAP.

There has been an issue in this exemption being taken advantage of and the wealthy have exploited it by buying land, letting it out to be farmed and then it is exempt from 40% of IHT. It has contributed to driving land values up. This is a practice that is rightly being targeted by the Govt.

However the collateral damage from this policy will be quite damaging especially for family farms.

There are a multitude of issues but the key concern is that the impact on family farsm will lead to the sale of such farms and agricultural becoming bigger and bigger business.

The issue with that is environmental but also quality.

If you take a high street for example, it is not healthy for such to be occupied solely by the big names. Diversity, local businesses, local goods/service, small independent shops all add to the quality but more significantly the economic health of an area.

The same applies to agriculture. The tradition of handing a farm down through the generations the passing on of knowledge and skills and the ongoing entrepreneurship that derives from these farms enriches local economies and this country as a whole. Also, and very significantly, these smaller scale farms are the ones that deliver the greater environmental gain. Many truly act as stewards of the land and this drives the regeneration of the countryside. Big businesses, as they do, drive bigger returns, economies of scale, greater profit and while this may put some cheaper food on the shelves, it is typically the most exploitative process.

The imposition of IHT will put a lot of family farms in a position where to hand over their farm to the following generation will cost them 100s of thousands of pounds.

Research by the Country & Land Business Assoc concluded that a typical family farm would have to put 159% of annual profits into paying the new inheritance tax every year for a decade and could have to sell 20% of their land.

Their analysis showed that a typical 200-acre farm owned by one person with an expected profit of £27,300 would face a £435,000 inheritance tax bill.

This will drive families out of the business, paving the way for big business to step in, and this country will be much poorer for it.

What is most ridiculous about the application of this policy (and I am not against it in part to address the loop hole the wealthy are exploiting) is that it has been imposed after Defra was not properly consulted over the change (source: Newsnight) and that the NFU were not consulted at all. Both these bodies state that the Govt's. figures on how many would be impacted are wrong.

The policy is ill-considered and its impacts are indiscriminate. It's equivalent to wanting to tax the rich more by adding 2p to the basic rate of tax.
----------------------------------------------------------------------
Someone gets it.

comment by Barti Ddu 🏴‍☠️🏴󠁧󠁢󠁷󠁬󠁳󠁿 (U9094)
posted 2 minutes ago
comment by kramthered (U10304)
posted 10 seconds ago
Ideological lot those farmers, get screwed relentlessly by the supermarkets for decades showing little solidarity in response.
Charge IHT @ 20 % when the rest of us pay 40 they’re out in their tractors clogging up the roads.
Bunch of subsidy addicted blowhards who could do with some household budgeting lessons
----------------------------------------------------------------------
Very simplistic view. See my comments above.
----------------------------------------------------------------------
S'mai?

I'll be honest a lot of my opinion on this is based on the fact I really dislike a certain 'celeb farmer' who lives nearby...

I think they're being played for political reasons. It's just the celeb farmer doesn't realise it.

comment by Diafol Coch 77 🏴󠁧󠁢󠁷󠁬󠁳󠁿 JA606 Class Act (U2462)
posted 1 minute ago
comment by Barti Ddu 🏴‍☠️🏴󠁧󠁢󠁷󠁬󠁳󠁿 (U9094)
posted 2 minutes ago
comment by kramthered (U10304)
posted 10 seconds ago
Ideological lot those farmers, get screwed relentlessly by the supermarkets for decades showing little solidarity in response.
Charge IHT @ 20 % when the rest of us pay 40 they’re out in their tractors clogging up the roads.
Bunch of subsidy addicted blowhards who could do with some household budgeting lessons
----------------------------------------------------------------------
Very simplistic view. See my comments above.
----------------------------------------------------------------------
S'mai?

I'll be honest a lot of my opinion on this is based on the fact I really dislike a certain 'celeb farmer' who lives nearby...

I think they're being played for political reasons. It's just the celeb farmer doesn't realise it.
----------------------------------------------------------------------
Iawn wa?
I know who the farmer you refer to (not personally), and agree he is a complete tool.
Devonshirespur surmises it very well.

Devonshirespur, how do you propose the government addresses the severe deficit bequeathed by 14 years of Tory rule? Because the supply-side Tory recipe of making the poorer sections of the country take the bulk of the pain by cutting back services, etc., gave us a decade of stagnant growth as well as a mountain of human misery.

comment by Barti Ddu 🏴‍☠️🏴󠁧󠁢󠁷󠁬󠁳󠁿 (U9094)
posted 2 minutes ago
comment by Diafol Coch 77 🏴󠁧󠁢󠁷󠁬󠁳󠁿 JA606 Class Act (U2462)
posted 1 minute ago
comment by Barti Ddu 🏴‍☠️🏴󠁧󠁢󠁷󠁬󠁳󠁿 (U9094)
posted 2 minutes ago
comment by kramthered (U10304)
posted 10 seconds ago
Ideological lot those farmers, get screwed relentlessly by the supermarkets for decades showing little solidarity in response.
Charge IHT @ 20 % when the rest of us pay 40 they’re out in their tractors clogging up the roads.
Bunch of subsidy addicted blowhards who could do with some household budgeting lessons
----------------------------------------------------------------------
Very simplistic view. See my comments above.
----------------------------------------------------------------------
S'mai?

I'll be honest a lot of my opinion on this is based on the fact I really dislike a certain 'celeb farmer' who lives nearby...

I think they're being played for political reasons. It's just the celeb farmer doesn't realise it.
----------------------------------------------------------------------
Iawn wa?
I know who the farmer you refer to (not personally), and agree he is a complete tool.
Devonshirespur surmises it very well.
----------------------------------------------------------------------
Iawn Babyen!

Yes, he's completely the wrong person to get people onside IMO. He blocked me on Twitter because I told him to stop hassling vegans and then complaining when they have a go back!

From what I understand not many farms at all will pay this and that they'd need to be valued at over £3m. There was a decent thread on it on X last week. Of course I don't know the full details.

comment by Barti Ddu 🏴‍☠️🏴󠁧󠁢󠁷󠁬󠁳󠁿 (U9094)
posted 12 minutes ago
comment by kramthered (U10304)
posted 10 seconds ago
Ideological lot those farmers, get screwed relentlessly by the supermarkets for decades showing little solidarity in response.
Charge IHT @ 20 % when the rest of us pay 40 they’re out in their tractors clogging up the roads.
Bunch of subsidy addicted blowhards who could do with some household budgeting lessons
----------------------------------------------------------------------
Very simplistic view. See my comments above

—————————————————————-
Mischievously typed, parodying Clarkson you might say.

I do despair though that farmers always blame the supermarkets but show little willingness to say no to them.