The Labour Government

[Churchlawtonblue]

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The post before Alan.

 

[Alan Harper's Tash]

The post before Alan.

Never mind. I thought it was pretty straight forward. No big deal.

 

[inbetween]

Well, if land values are depressed or fall then the IHT threshold is less likely to be breached and no (or less) IHT will be paid.

Although the same farmers will no doubt protest that the Govt has trashed the value of their farms.

In short they want high value farms and to pay no tax. Sort of having your cake and eating it scenario. Not going to say they are coming across as self-entitled fuckers, but…

I think it's already demonstrable though that the tax this raises is meaningless, more so if it's reduced further which it will be because nobody and certainly not the rich will just gladly pay it.

So is this now ideological or is it actually tangible and I'm missing something?

As mentioned, the max amount raised by this per year is the same as 2 days national debt repayments. It would pay for a whopping 0.27% increase in the NHS budget, hardly enough to buy a few rubber gloves in the public procurement world.

In the grand scheme of government I can't believe that anybody cared enough to look at it, except farmers obviously.

 

[The Light Was Yellow Sir]

Perhaps Reeves has played a blinder here? Imagine if she retracts the IHT rules but says ALL farm sales, from tomorrow, will attract a 50% capital gains tax. Family farms passing it down through the generations not affected, Dyson. Clarkson and the like, very much affected.
I say affected, of course the vast majority of people protesting today will never pay any IHT as they will, of course, be dead!

Sadly, I imagine she’s not played a blinder but it would be a great example of them being hoist by their own petard…….

 

[stan bowles]

The advocates for farming appears to be Clarkson, Farage, Lowe, Kuntie Plopkins and just seen on TV the woeful Victoria Atkins MP then if there is a fight farming has turned up to a shootout armed with a plastic knife from a Wimpey Bar

Oh you seemed to have missed out that rabid right winger Sir Ed Davey. He was up on the platform with Victoria Adkins in case you missed him.

 

[BobKowalski]

I'm not, I don't envy farmers at all. Being asset rich and cash poor while working very long hours is not something I envy.

I also very much suspect that most farm machinery and tractors are owned by finance companies ? That's the way most businesses operate. Don't be fooled by new equipment and plant, 9 out of 10 times it's not really owned by the people driving it.

You mean the equipment is leased. How do they afford the monthly payments? What with them being so poor and all that. And does the lease allow for damages while *checks notes* driving through police barricades?

It all has a bit of a ‘Landed Gentry Go On a Jolly Protest’ vibe with Lord Farquaad leading the way.

 

[Churchlawtonblue]

You mean the equipment is leased. How do they afford the monthly payments? What with them being so poor and all that. And does the lease allow for damages while *checks notes* driving through police barricades?

It all has a bit of a ‘Landed Gentry Go On a Jolly Protest’ vibe with Lord Farquaad leading the way.

Well it's not Bob. Most people in business lease plant and vehicles. The payments are spread out making expensive things affordable. I can't believe you do not know this?

 

[Kirkstall Blue]

Poor rich farmers , can only leave three million to the kids, then they pay only 20% inh tax on the rest whilst the rest of us have to pay 40%

Stop whinging ffs , the rich hate paying tax , barely going to a affect any of them , it is only 4% of

Blue collar workers demand a pay increase they’re troublemakers they don’t deserve it but landed gentry protecting their £5 million plus inheritance well that’s okay for some.

 

[stan bowles]

Poor rich farmers , can only leave three million to the kids, then they pay only 20% inh tax on the rest whilst the rest of us have to pay 40%

Stop whinging ffs , the rich hate paying tax , barely going to a affect any of them , it is only 4% of the population

Yes, they all just rocked up, travelling to London from far and wide and stood around in the freezing cold because they had nothing else to do, didn't they ? How dare they have the nerve to protest about something that concerns them.

 

[Churchlawtonblue]

Fellas something much more important has happened. Pep has signed an extension!! Get in!