The Labour Government

True, but in family owned farms that is the scenario for many , and the issue that is causing the main problem as far as I can see.

Why not just make it the requirement that someone inheriting land free of tax has to have worked on the farm for X amount of hours or earned X percentage of their income from farming on that farm for X years before their relative died?
 
Of more concern from the same article.

‘Currently the government estimates 1.9 million pensioners - around 15% - are in relative poverty.’

My own view, for what is worth, is that the State pension should be a lot higher. The WFA should not be necessary.
I agree

The ultimare aim should be

Minmum wage going up which it is, the tax threshold should start going up
State pension should rise quickly

I was hoping we would be pushing people up not dragging people down.

If we have to drag though let's try and drag the right ones down a peg or two.
 
I agree

The ultimare aim should be

Minmum wage going up which it is, the tax threshold should start going up
State pension should rise quickly

I was hoping we would be pushing people up not dragging people down.

If we have to drag though let's try and drag the right ones down a peg or two.



Agreed .... never fails to amaze me that we have a ''living wage'' which is far higher than the State Pension which is supposed to be a ...... Living Wage.
 
I didn't expect you to agree to be honest. Clearly there are going to be scenarios where what I said didn't apply. That's why I said may have to sell. Also why should a person be forced to sell a buiness they love, a family business to pay IHT.

That goes against all the arguments that have been discussed on here by others who have used the argument that IHT is fair as it doesn't affect the person who leaves it and the person who pays, as they are always better off. I don't recall anyone on here saying that people would have to sell their livelihood to pay the IHT bill?

Lots of people on here are using Clarkson and Dyson as examples as to why this is a suitable change in the IHT rules. Those people are completely missing the wider issue and the negative impacts this change will have on many others.

I notice many have the same stance over the NI rise and the WFA. Many of the same people see no issues with these changes simply as they have been brought in by the party they support. It's a bizarre combination of blind loyalty mixed with the politics of envy.

Reeves could could announced in the budget that the retirement age was being raised to 75 for everyone with immediate affect, and anyone who goes to the opera or ballet would have to pay 10% more in income tax. I gaurantee the usual suspects on here would be on here defending it.

I really don't understand any of that. My post was about why I didn't think it would affect the poorest farmers, and I gave my reasoning. We're being asked to believe that the numbers of farms affected is vastly different to those who have claimed in the past. I'd like to see the evidence for that, because the numbers just don't add up to me.

As for the party loyalty bit, given that it's aimed at rich people using farmland to avoid inheritance tax, I'd be amazed if the Tories had brought it in, but if they had I'd have applauded them. To me, it looks like the original Tory policy may have good intentions, but was used as a tax dodge, driving up prices of land, and making life more difficult for people who actually wanted to farm.
 
Agreed .... never fails to amaze me that we have a ''living wage'' which is far higher than the State Pension which is supposed to be a ...... Living Wage.

The living wage is higher than the minimum wage. It's not economically possible under the current system to provide an equivalent to pensioners.

Living wage also takes into account accommodation costs which pensioners are less likely to have at the same level as the working age population.
 
So retail warning them of the cost to jobs Reeves budget will have, Farmers pissed off, Pensioners pissed off and now inflation up from 1.7% to 2.3% but it’s all ok apparently if you listen to Labour ministers with their scripted 3 word catchphrases and their supporters on here.

Our company alone is facing a £150000 hike thanks to Reeves next year at least.

By all means support the Labour Party over the Tories, I too voted Labour but please don’t defend the shit they’re coming up with at the moment because it’s disastrous and if you close your eyes you would be forgiven for thinking it’s the Tories doing this shit.
 
So retail warning them of the cost to jobs Reeves budget will have, Farmers pissed off, Pensioners pissed off and now inflation up from 1.7% to 2.3% but it’s all ok apparently if you listen to Labour ministers with their scripted 3 word catchphrases and their supporters on here.

Our company alone is facing a £150000 hike thanks to Reeves next year at least.

By all means support the Labour Party over the Tories, I too voted Labour but please don’t defend the shit they’re coming up with at the moment because it’s disastrous and if you close your eyes you would be forgiven for thinking it’s the Tories doing this shit.
You can’t knock Rach from accounts! She very good with CV’s apparently!
 

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