Oh for those heady days of 2016 again when all you could think about was those poor farmers Bob ;-)
Brexit didn’t do for them so what next? Starmer and Reeves take a shot yet here you are, all in favour all of a sudden?
Remarkable Jeff!
It only applies to draught!Tesco are cheeky bastards, still charged me the same price for a crate.
Can we get the Tories back?
RamikinStarmer and Reeves having a pop at Brexit supporting Jimmy Dyson and you’re surprised? I’d soak the **** for every fucking penny. And Clarkson. Although he would make a series out of being reduced to leaving on cold beans out of a can.
This of course assumes that the farmer actually is a married couple and either has planned appropriately with a will. It misses the fact that farms have other assets such as cash.If you have inherited a £2 million farm from a couple there will not be a penny of IHT.
The total IHT free allowance would be £2.65 million combining the transferable farm house allowances and the transferable farm land allowances.
Well there was once an argument that farmers were doing something important such as producing food and so it made sense to keep such things within families because why not?You mean their total assets are considered like everyone else’s?
How shocking.
Not too differently to when Kwarteng stood up...serious question as I haven't looked but how is the 10 year gilt market doing?
And the IHT payable over ten years, so £20K a year.Well, congrats on inheriting £2m of farmland and presumably a viable commercial business to go with it.
For starters isn’t it 20% above £1m? If so we just reduced it to £200k. Then you look at the books of what will be several hundred acres of farmland, turnover, profit, loss, employee numbers etc - because this is a business not farmer fucking Giles toodling around on his fucking tractor and you borrow against the farm if it’s a profitable and viable concern.
Average UK farm size is 40 acres, so unlikely to trouble the £1m threshold. If owned by a married couple then good estate planning may get you a combined £2m threshold (not an expert here!).
Bottom line. Let me inherit £2m of land and a viable business and I’ll figure out the rest :)
BBC's More or Less did an assessment of claims about how many might die because of withdrawal of WFA and said it was impossible to put a figure on it. How could you calculate the effect of having only a £1100 pension increase over two years rather than £1300 with the WFA?You still don’t have any idea about how much land will have to be sold, the ability to raise finance, the income of farms. So on and so forth.
None.
And if Labour can’t be arsed doing a risk assessment on how many pensioners they’ll kill by withdrawing the WFA, then they won’t be doing one on this will they?
As for the rest of your post, carry on making a fool of yourself. You seem a natural.