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"20% inheritance tax over £1,000,000 Everyone else 40% over £325,000" Yes, but the £325000 doesn't relate to working assets. The real question is 'does this enhance or degrade the ability to domestically operate our farming base in the future?' | |||
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"I can see Starmer could pull in some good revenue from this demo in fines for using red diesel for non agricultural use, and seize some tractors for repeat offenders, although they might take a bit of crushing." Clearly you have never worked with a RFTU....if you can find one. When HMRC was formed 20 years ago, they reduced the fleet to a bare minimum approximately 5 working units nationwide, admittedly working on roster 24/7. To stop and test takes 20 minutes per vehicle with the need to firstly have a safe working area and secondly, a means to detain and impound any seized vehicles. The centre of London would be completely brought to a halt. If this was a flippant remark, you have inadvertently highlighted our lack of law enforcement capability which is always welcomed. | |||
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"I can see Starmer could pull in some good revenue from this demo in fines for using red diesel for non agricultural use, and seize some tractors for repeat offenders, although they might take a bit of crushing. Clearly you have never worked with a RFTU....if you can find one. When HMRC was formed 20 years ago, they reduced the fleet to a bare minimum approximately 5 working units nationwide, admittedly working on roster 24/7. To stop and test takes 20 minutes per vehicle with the need to firstly have a safe working area and secondly, a means to detain and impound any seized vehicles. The centre of London would be completely brought to a halt. If this was a flippant remark, you have inadvertently highlighted our lack of law enforcement capability which is always welcomed. " and surely its agricultural related anyway as its a peaceful protest in regards to farming not collect spoil from a constuction site, thwy maight even be all going to collect fuel at the same time from the petrol station 😂 | |||
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"I can see Starmer could pull in some good revenue from this demo in fines for using red diesel for non agricultural use, and seize some tractors for repeat offenders, although they might take a bit of crushing. Clearly you have never worked with a RFTU....if you can find one. When HMRC was formed 20 years ago, they reduced the fleet to a bare minimum approximately 5 working units nationwide, admittedly working on roster 24/7. To stop and test takes 20 minutes per vehicle with the need to firstly have a safe working area and secondly, a means to detain and impound any seized vehicles. The centre of London would be completely brought to a halt. If this was a flippant remark, you have inadvertently highlighted our lack of law enforcement capability which is always welcomed. and surely its agricultural related anyway as its a peaceful protest in regards to farming not collect spoil from a constuction site, thwy maight even be all going to collect fuel at the same time from the petrol station 😂" Sadly doesn't qualify for rebated fuel.....and any tank that was used for rebated fuel has to be drained and flushed. | |||
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"this just sounds like the usual right wing politics of jealousy .... farmers need to get off the gravy train and start paying their fair share for once. "What do you see as a gravy train? | |||
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"this just sounds like the usual right wing politics of jealousy .... farmers need to get off the gravy train and start paying their fair share for once. "im sure its most likely the right wing backing them🤷we know who it is to target but this way of doing it will not work and they will be sold off before its in place and some other loophole used leaving the vulnerable farmers fucked with the policy | |||
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"this just sounds like the usual right wing politics of jealousy .... farmers need to get off the gravy train and start paying their fair share for once. "Gravy train.....you clearly don't understand the economic weakness of family farming. | |||
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"this just sounds like the usual right wing politics of jealousy .... farmers need to get off the gravy train and start paying their fair share for once. "While the reasons and morality was completely different, the farming system in Zimbabwe collapsed when the traditional landowners were removed from the process. Will this result in more secure domestic farming or not? | |||
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"Like I said a few weeks ago, the farmers get treated like fodder. The dingaling government take them for granted and expect them to bow down to their wierd decisions and they say they support the workers of Britain, farmers are workers. Abolish any form of inheritance tax for farmers is the way to go if they want Britain to survive, their farms are for their children who are Britains future. Inheritance tax on farmers is taxing what has already been taxed. " this goverment are treating all the U.K. born citizens as fodder | |||
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"shut up and pay your tax "I’d of thought a farmer and sheep would be your besties, coming from Wales  | |||
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"shut up and pay your tax
I’d of thought a farmer and sheep would be your besties, coming from Wales "Correct ... a lifetime of rural living and working, i know most of their scams | |||
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"Like everyone else, farmers can make an unlimited lifetime gift (PET) 7 year rule. " ....but what happens to a large number of those who do not see out 7 years? | |||
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"shut up and pay your tax
I’d of thought a farmer and sheep would be your besties, coming from Wales
Correct ... a lifetime of rural living and working, i know most of their scams "And sheep | |||
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"shut up and pay your tax
I’d of thought a farmer and sheep would be your besties, coming from Wales
Correct ... a lifetime of rural living and working, i know most of their scams
And sheep " | |||
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"Apparently the inheritance tax is aimed at tax avoiding land owners who live in the city or even overseas. Who gives a fanny about them it's none of the government's business who owns what, why take it out on farmers. It sounds like left wing vindictiveness. It's victimising farmers and their children. It's cracking foundations. " There's probably a very very simple solution to this and it's a shame that nobody in govt has thought of it or wanted to think of it..... | |||
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"Like everyone else, farmers can make an unlimited lifetime gift (PET) 7 year rule. ....but what happens to a large number of those who do not see out 7 years?" It’s argued this policy should start in seven years time, to prevent that. Still have mixed views; they get triple the allowance of everyone else and the tax is at half the rate. | |||
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"If it was pure wealth, then there isn't an argument. But this is a tax on a working asset. It will undoubtedly assist the large corporates with the ability to gobble up assets as a tax loss and then avoid all tax whatsoever." Other working assets are taxed (iht) at 40%. Take your pick of the industry. But anyone can make lifetime transfers. | |||
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"Like I said a few weeks ago, the farmers get treated like fodder. The dingaling government take them for granted and expect them to bow down to their wierd decisions and they say they support the workers of Britain, farmers are workers. Abolish any form of inheritance tax for farmers is the way to go if they want Britain to survive, their farms are for their children who are Britains future. Inheritance tax on farmers is taxing what has already been taxed. " So I'm rich and buy a farm so I can pass it on to the family Tax free. Clakson! Should pay Inheritance tax. But most should not. But Labour like the one boot fits all.. | |||
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"Come on British Farmers grind the capital to a stand still!"
🚜🚜🚜🚜🚜🚜🚜🚜🚜🚜🚜🚜 | |||
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