Started watching Adolescence. A bit late to the party on this one but it seems good a couple of episodes in.
Owen Cooper is a really impressive young actor.
3 May 2023
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You should line up a good comedy for straight afterwards to help you recover
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100% agree. But would add that the conflation of farmer with landowner (see Countryside Alliance and also the CLA) has been driven by landowners, including Clarkson and the likes of Andrew Lloyd Webber, Duke of Lancaster and many, many others who like to cast themselves as horny handed sons of the soil while not paying inheritance tax and laughing all the way to their (offshore) bank.
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I'm yet to see Andrew Lloyd Webber furthering the cause of British agriculture by pulling a calf out a cow in the middle of the night but should I do then I guarantee you I'll reconsider my position on the cockney bastard.
Whilst everyone is busy clambering to clobber Clarkson, Dukies and Duckies a lot of farms will be broken up and sold off to the real winners in all this, housing developers and the Russians.
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And people who want to save £400k inheritance tax and have no interest in farming.
I really badly planned piece of legislation
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Is there such a thing?
Watching the 100 foot wave. Even mellow surfers are mental cases. I don't think we live in a calm world even if we choose to do calm things. Surfers are meant to live a nomadic free existence and be happy with nature but it looks like there is still immense pressure there to succeed otherwise you cannot continue to do the thing you love. So basically like all facets of life.
Anyway, has Charlie gone from the Angel of Death to the social construct of life. This is very worrying... Where am I supposed to send my enemies?
Chicago: Just slightly more stressed than the world.
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I'm not sure. If it puts land in the hands of farmers who need more land to make their operations viable, because it's released by investors..... And the land value recovers to farming utility prices, rather than investment value for tax avoiders... Then that will release more land for actual farming, rather than consume land for re-meadowing grants.
The structure of grants and tax relief around land heavily favoured large landowners not actually farming the land. This is a move back to releasing land for farming, and actual farmers.
Of course the wealthy who drive the news agenda are cross because they will lose out twice - on investment land vales, and in generational estate inheritance tax avoidance.
Many of the threshold size farms for whom one might reasonably feel sympathy for falling within the tax will actually fall outside the threshold if land vales in real terms fall to utility farming prices.
I'm struggling. What's badly thought out about it? Unless you are really fucking minted and used to getting everything your own way, at the rest of societies cost.
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Not badly thought out but definitely badly rolled out. Naively thinking that moneyed and vested interests would not react (see also VAT on private school fees). Some effort ahead of time highlighting what % of farms fall under this and approx how much they would actually pay, maybe pressure testing the threshold etc. all these things would have helped.
As I’ve said before, this government is doing some good stuff. If you listen/read to the media, you’d be hard pushed to realise that.
Their PR is shit. They totally underestimated how much vitriol would come their way and how much Farage-wanking would go on. I don't know how they seize the narrative but I’m not sure hiring an ex-Sun editor is the answer. -
But it isn't stopping investors - if you have an estate with no Business Property relief or Agricultural property relief - but £1m of farmland - only costs you £600k.
I think it will increase prices.
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The time lag on this would need to be measured in decades. Why not separate farmed land and investment/rented land for tax and inheritance? Make land a shitehouse investment overnight.
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Presumably people would plant 5 carrots and now claim it's farmed land.
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Yes, a return of 14p per year on 1500 acres would soon sort the job out.
Good work Mince.
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I don't disagree. (look at the noise any sort of pushback attracts). That doesn't make this a bad things...it's a good thing. It's just a less quick good thing than all bad things that have been loaded up on the other side of the coin.
@Lessred it removes a reason for buying or holding land. That will put more land into the market. That will drop real terms prices. It wont put land up.....all things are equal, but there is one less reason to buy land.
@Guru there is literally nothing that they can do to garner good publicity from the conspiracy of interests levied against them, and nothing will stop the Frog Faced Farage featuring on every one of my news bulletins rather than more credible fact based voices. It's a stitch up.
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But it also adds a reason. Those who were getting 100%bpr are now looking for a new iht efficient investment. And even after £1m it still reduces the rate to 20%. So still tax efficient
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They should have made the rate 40% for any agricultural land sold within 10 years of inheritance
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And removed rollover relief entirely
