I hear that John Noakes* took on a world heavyweight champion from thirty five years ago, and it was a bit shit.
Who could have guessed?
* I always think that you-tubers are the modern equivalent of a 'blue peter', or 'that's life', presenter
I hear that John Noakes* took on a world heavyweight champion from thirty five years ago, and it was a bit shit.
Who could have guessed?
* I always think that you-tubers are the modern equivalent of a 'blue peter', or 'that's life', presenter
This is a decent account of our ridiculously unfair and random tax system, including some pertinent quotes from the IFS on the farm IHT changes.
www.theguardian.com/commentisfree/2024/nov/22/farmers-protest-tax-labour-reform
2nd sentence before the stereotype smartarsing starts, standards are slipping!
I know 3 families, not educated at Eton, don't get first class trains, who's succession will be clobbered by this. If we're that insistent on taxing every asset rich but piss poor paid farmer like the they are a Duke then why not just tax the fuck out of them if they chose to sell up?
The concept of asset rich, cash poor is still better than asset poor and cash poor.
As someone recently said, there are several ways to eliminate paying IHT IF it’s based on assets (property). You only end up paying it if you don’t trust your kids. If that’s the case, why do you want your kids to take over the farm?
I also know several farmers (who traditionally are never happy with anything) who have been busy selling off land for housing over the last ten years. So my heart is not bleeding.
That might be an argument in 7 years time, but as we stand if they gift now they may well be caught.
Also many parents (not just farmers) worry about divorce of their children, or what happens if they gift it and then one of the next generation dies unexpectedly, without gifting.
That leaves trust which are expensive and not tax free.
Personally I would reverse one of the Tories ridiculous 2p cuts in NI (which was a trap anyway) and set the rate at £2m each and raise a shit ton more money without risking the corporatization of farming.
Not everything has be a race to the bottom.
Don't farmers still top the suicide and accident charts? It can't be that brilliant. I genuinely find the middle class angst here mystifying, it's like a lightning rod for misplaced anti-Tory sentiment.
I'm reluctant to bang on about food security but you wait until Tricky starts farming, I've seen his garden, we'll all fucking starve.
How hard can it be? After all, you've done it....
Brilliant trap, if you don't give a fuck about the country though.
Force labour to commit to not increasing taxes after you've cut them unsustainably.
Standard tory innit? Underfund things so that they fail, persuade people it's because public control is useless, then hand them over to their mates so they can rent them back to you at ever higher prices without regulation.
Services. Immigration Systems. Schools. Health service. Government. They're all the same to them.
Couple who were detained at Gatwick, while the bomb squad blew up their packed lunch, have been released.
I
Have
Seen
You
Grow
Things.
Gamification of politics. I'm sure Labour will set some traps before the next election as well.
Country is fucked, mate.
Gamification of politics. I'm sure Labour will set some traps before the next election as well.People keep swallowing the propaganda, and voting fascist.Country is fucked, mate.
FTFY
I know 3 families, not educated at Eton, don't get first class trains, who's succession will be clobbered by this.
Can you explain this a bit? What's their situation?
So, Starmer’s Labour are fascists? Err, Ok.
I do wonder how sentient people are sometimes. But that's for another thread. Am I going to have to explain the difference between some, most, and all, to you now? Can you see how thick you have to be, or pretend to be, to have any traction in the argument?
Not all of them voted fascist this time, and they'd been so pant wetting bad in government, that you had to be really deep in the rabbit hole not to see it. But their Russian paymasters will be heartened that they have fatally holed the country below the water, and yet still a heavy percentage voted for their fascism*. You'll all be back next time having bought the barrage of propaganda that labour have done nothing, and they are all the same.
* Obviously that's how it starts. Ultimately the voting bit will be dispensed with. See Putin's sham elections.
2nd sentence before the stereotype smartarsing starts, standards are slipping!
I know 3 families, not educated at Eton, don't get first class trains, who's succession will be clobbered by this. If we're that insistent on taxing every asset rich but piss poor paid farmer like the they are a Duke then why not just tax the fuck out of them if they chose to sell up?
Genuinely interested in how big their farms are.
The balance has to be found between family farmers and extreme landowners and I don't have the knowledge really of where that balance sits. There appears to be around 20 Dukes who have owned ridiculous estates basically since William the Bastard handed out land to his mercenary invasion force, go after them and the people like Clarkson, Dyson and Bamford who bought land to avoid tax, and use the break up to empower small farmers who we will need to feed the country in a very different way to the last 50 years. There is a good piece on Unherd by James Rebanks, who seems to understand both the farming traditions and the need to evolve.
I think a reform is right, at the moment landowners who rent out their land for farming or share farm qualify. It should only be for actual farmers.
Also there could be some sort of tapering of relief down to zero.
I think a sensible approach would be on acreage, which may differ depending on the type of farm and location (e.g. more for hill farmers?). Others would know better than me the size of a sustainable farm, 300 or 400 acres?
At the moment Giles who has a country house and rents out 60 acres to the local farmer gets relief, but the farmer actually farming 250 acres probably won't. That is patently ridiculous.
The measure imposed is too blunt.