Do you need your parent/s to die before April 2026? *MNHQ adding content warning mentions suicide*

[Spatulation]

Absolutely reeling that we're losing the farm that my grandfather bought, my father expanded and my son hoped to takeover.

The budget today means that we'll owe £1000000 in tax and we won't be able to get a mortgage as that's 5 times our annual income and over 35000 times bigger than last year's profit.

We own soil. That's it.

Agriculture has the highest suicide rate in any profession - sadly I can see it hitting an all time high in the next 18 months. My father (83) is already talking about it.

Haven't read it all, and I agree if you have a home that is worth $6m and you can't afford $1m tax, sell it (sorry about the $ not on a British keyboard).

This is a farm, no family farmers will be able to afford to buy this, farmland that produces our food will end up in the hands of corporations.

Should this not have been planned for before now though?

How to tell someone you know nothing about farming without saying you know nothing about farming

Why would you, when you assumed farms would be protected as they have such a massively important job to do?

And if the OPs farm is not in an area suitable for building homes what do you suggest they do then ?
small farms (and at 6 million it's just a mid sized farm, not some massive agribusiness, no matter what many seem to think) can languish on the market for years because, as this thread shows, there's no money in farming and land that is only suitable for agriculture is a millstone rather than an asset for many farmers that struggle to balance the books.
land is only worth what you can get for it, unless of course it's for IHT assessment purposes.

Actually gobsmacked that one poster is happy to see the demise of family farms in the UK because they are jealous that farmers don't have parking disputes. Fucking hell. The sheer level of stupidity and petty-minded envy is actually unreal.

All the people so jealous of farmers' land assets - you do realise that instead of selling them and taking the money and fucking off to sit on their arses in the sunshine, they work themselves into the ground in the cold, rain and mud all year round for less than mimimum wage? Because this is their vocation?

But sure, lets kill off UK-owned farms and invite in large corporations who have no ties to an area, no local knowledge, no emotional investment. Lets cover the countryside in Barratt boxes. Let's just continue the enshitification of everything so that some ill-educated labour voters can feel they're getting one over on people they perceive as better off than them.

Probably didn’t have a crystal ball

I think you're massively overinflating your sense of importance.

Last year you were burning all the crops because you couldn't get the workers to harvest them.

You're at the mercy of the supermarkets instead of taking control.

The food quality in this country is dire.

Don't think we'll be missing much, we've always been a nation that imports food.

@Colourfulduvets they didn’t need to as there was a specific exemption.

Interesting how many posters are giving suggestions of potential loopholes. Are these posters the same who despise other companies/rich people who find ways to avoid paying tax

Starmer's father owned a toolmaking business, which I assume he wound up when he retired rather than to pass it on. They want the same to happen with farms.

Reeves is using the same tactic with the Winter Fuel Allowance, "there are some who are wealthy, so we need to punish everyone". Farmers are not wealthy but she sights some multi-millionaires who buy land to dodge tax.

The politics of envy - never a truer phrase to describe some of the people on this thread.

As long as they can get deliveroo and sit at home on the computer all day, I guess they don't think further than that.

lifeturnsonadime

Absolutely its land grab. People are incredibly ignorant about farming.

Its only worth £6million if its productive. In the same way your house is only worth what the market will pay at any given time. Rising costs to famers, burdensome regulation, massive increase in rural crime which is costing £50 million+ a year, the list goes on and on... - all eating away at the asset value. All by design of course.

You don't need a crystal ball or psychic powers to guess that your tax payments will go up, the only people directly exempt from that are those who are not working and have no one in their household who works. It's not specific to farming.

No farmers, no food-its that simple.

Yes. This. Heaven forbid you suggest people cut back on luxuries and spend more on food.

If you truly believe this then you have a problem.

The way farmers are treated in this country is a disgrace.

I’m so sorry you and your family are going through this.

But sure, lets kill off UK-owned farms and invite in large corporations who have no ties to an area, no local knowledge, no emotional investment. Lets cover the countryside in Barratt boxes. Let's just continue the enshitification of everything so that some ill-educated labour voters can feel they're getting one over on people they perceive as better off than them

Then watch them complain because they can’t afford the cost of a loaf of bread because we now have to import wheat

The policy seems bonkers, hopefully it won't happen. And who will buy all these farms anyway?

The policy seems bonkers, hopefully it won't happen. And who will buy all these farms anyway?

Venture capitalist firms from overseas, probably. Maybe large UK house builders depending on location.

This. Totally agree. I'm appalled by the level of ignorance and jealousy on this thread.

Maybe I think people are more intelligent than they are. I don’t think anyone who actually has a modicum of intelligence or just common sense could ever have foresaw a government trashing our ability to grow our own food

And every office I've worked in has hundreds of up to date pc's along with server banks, IT dept, etc. How dare they don't use old Windows 95 machines they could have bought for pennies!

A pick up truck/4x4 is a necessary tool for a farmer.

Agreed

As with all measures of this kind, it may be designed to try and get more money out or the ultra wealthy but instead they can afford to employ clever tax/inheritance advisors to minimise their costs and it’s everybody else who suffers.

See also the VAT on private school fees. It won’t make a jot of difference to those who can afford to send their kids to Eton et al, but those parents who are paying fees at the small independents for whatever reason (undiagnosed SEND, children not coping in mainstream, or just lack of good quality state options, etc) will be hardest hit.

But hey, if I can’t have it why should you?