To support UK Farmers

[TheHateIsNotGood]

And due to KS's inability to face them in Wales today they are now thinking of going on strike. Because the govt are being too stubborn to reconsider how they apply IHT on working family farms. By all means close the loophole that allows the 'landed gentry' to take advantage of the agricultural exception but not with so blunt an instrument.

I was hoping to add a post to an existing thread but there isn't one despite it being headline news today.

It is only likely to impact on farms worth more than £3m and then at a rate of 20 % tax above the 3m. Read the small print. Why should anyone inherit £3m + and not have to pay tax on it?

Of course they will be forced.
Sell some land but then the farm becomes unviable & you can’t make a living from it or sell up to pay the death tax.
Those are the 2 options we face.

Richer but no farm to pass to the next generation ☹️

I'm sure the farmers will be happy to pay inheritance tax when you start paying full whack for your food @Mittens67!!!

Do you have ANY IDEA how farming actually works? Or why subsidies exist?

Would you all like a flipping food history lesson?

After the world wars we were desperately short on food and people to grow it. People were poor and rickets and similar conditions rife.

To resolve the issue the government subsidies staple foods like milk so that the PUBLIC could afford it.
These have continued. Prices have been kept artificially low for decades because the government subsidies lots of the food we buy. If we had to pay the full costs we would have an even more serious poverty issue than we have already.
Farmers are not racking in the cash. It is an asset rich cash poor business. On paper no it makes absolutely no sense. But farmers do it to provide every single one of you reading this your food. You are fed by farmers literally every single day! Multiple times. Talk about biting the hand that feeds you!
And why the hell should farmers not be allowed to make profits? Why is every other business allowed to make a profit? But farmers are condemned if they do? Jealously!

You say farmers don't care for their animals or wildlife or the environment. I'm sorry but that is utter 🐂 💩! Nobody works harder for all 3 than the farmers. If they didn't care why would they be working 365 days a year in the pissing rain for literally no money! Why? They sure as hell ant doing it for the inheritance tax perks as they would be dead before they get them!!! There are many many easier ways to make money than farming!

So @Mittens67 perhaps you would like to educate yourself a little before passing judgement.
Look up Olly Harrison or Joe Seeles or Charlotte Ashley on YouTube. Listen to what they say.
I suspect you won't! But it will be the public who ultimately suffer when our farmer pack it in and we have no food!

Exactly! The government (AKA the taxpayer) subsidises our food. Yet no matter how much money they get, they still claim poverty. Reality is the public can now research what farms receive in subsidy and the goodwill is now going. The old story is, if it genuinely as bad as they claim they wouldn't do it.

Not true, simply not true!
Huge sweeping generalisations on this thread.
Circumstances mean we face a huge iht bill. Huge. We can’t pay it back over 10 years as we don’t make enough money. We could sell some land but then the farm would be unviable.
Not everyone has 2 parents under 60 who can just pass the assets on now.
Its disappointing that people can’t be more open minded.
Don’t be fooled folks indeed.

And they aren't even paying full whack like everyone else, it's only 20%!

Farmers voted for Brexit, they fucked themselves over.

Ye reap what you sow. Not always literally.

They didn't care about the rest of us when they voted Brexit, they should be taxed same as the rest of us

£3mil is just the max figure assuming there is a 2 person household.

What worth is the value if you continue to live there and work the land?Until a farm is sold the worth has no value as it is a only a means of production. If the govt wishes to raise money (coz the tories) maybe they could focus their lens with greater nuance.

Similar to punishing the pensioners only reliant on their full state pension by withdrawing their entitlement to the WFA because so many current pensioners are doing rather well financially; seems the same blunt instrument is being used to punish the 'just about making it' farmers because of the few doing rather/mega well.

Less being convinced you're right my dear Keir (and Rachael I'm properly disappointed) - dear son of a toolmaker and a nurse; Reigate ain't the centre of the universe.

How do you think all the other businesses cope that have to pay inheritance tax on their family assets? Like family-run B&Bs where their business is also their home? They don't have land to sell, it's their whole business.

Maybe be grateful about how much you've saved over centuries of not paying the same tax as everyone else instead of whining the gravy train is being balanced out.

You can't grow a decent strawberry and you burn crops because you can't get the staff to harvest them, so where's the big loss exactly.

But where will the tenant farmers get the money to buy the farm?

I didn’t actually. Another sweeping generalisation.

define a farmer going on strike. Not milking the cows? Not harvesting their crops? Not going to happen I think.

Happy to think they might dump manure in front of No 10. That's fine by me.

But we work the land, every single day. We will lose the farm.
What will happen to the cow herd built up over many years? Our sheep? Our homes?
Will my child even be able to grow up here?
Lots of others in the same boat.

The same worries every other business owner in the Country worries about but get no subsidy or tax relief.

I use a palm feed liquid, smells like raw sewage and easier to carry than a bag of manure 🤭

With the politicians of either party that have been in there for years, would we notice the difference in shit?

@ARealitycheck read my post again you have spectacularly missed the point 🙄

But an already elderly man can’t now pass it on, because he is too old. Also the elderly farmer might want to keep on farming and not leave the farm where he was born & raised.
The people truly hurt by this are the ones who work long hard hours all for nothing it seems as the government has well & truly shafted us.
Oh & we aren’t wealthy cos it’s all on paper.

10;years to pay 20% on excess over £3m. If that is going to cause you difficulty how much is your farm actually worth ? And you think you shouldn't have to pay tax on it ? It's not the owner paying it, it will be down to the person who inherits it as unearned income.

Would you like to tell us where all the money is then? Because it sure as hell ant in the bank accounts of farmers!

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