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.

Tax is essential for a civilised country. It’s not ‘taking money that’s not yours’. Does the cinema take money that’s not theirs when they sell you a ticket? Because tax is the entry price for a society that works.

They aren’t mountainous sheep farms either are they? So clearly not what I was talking about. Also they are in England, so we know the average size.

That’s what taxes are trying to address

So make everyone pay their taxes!
Equally!
For everyone!
No freebies or allowances for some

The tax system is neither equal nor fair

If you don’t pay for your cinema ticket, you get nothing

Does that include the politicians

Umm…that’s what this is about. Getting a group who didn’t pay a tax everyone else does t9 pay it. We agree then?

No they aren’t!
Look at all the other taxes

Why do some people pay no tax
Why is there a IHT allowance
Why tax a dead person anyway
What with NI and the self employed
I could go on
Theres nothing fair about it. No wonder people like @Papyrophile plan to leave there’s only one type of people constantly being screwed.

The NFU say that 75% of farms will be affected by this IHT change

It's not just APR that's the problem
It's BPR too - and BPR is going to affect a heck of a lot more businesses that just farmers

Add on the subsidy changes which could result in some farms loosing over 70% of their current subsidies.
Add of the changes to employer national insurance
And the carbon tax on fertiliser.

It's a disaster for British farming

In the 1980s the average percentage of salary spent on food was 25%.
It's is now 13%

It's is down because of subsidies. And the IHT.

How many of you can truly afford to pay twice the amount for your food??

If you can how many of your neighbours can? Or your elderly parents? Or the most vulnerable in society?

Because that it what is going to have to happen if this continues.

As a tiny aside, many of the farming families locally will also be hit by the VAT on private school fees.
This now further destabilises the independent school sector.
I’m conflicted on this. I can’t see a way this is good for the food security of the country where countless families are already struggling.

So why is Farage front and centre (and not in his actual constituency as usual), being treated like a hero at the protest plus all the Vote Leave Tory’s if the farmers feel let down?

People who don’t earn enough pay no tax. Tax is based on income. Some rich people pay no tax by tax avoidance, for example avoiding IHT by buying farm land. This is trying to make them pay.

There’s an allowance so people can leave something to their children, to incentivise saving. There’s IHT to mitigate the unfairness of inherited wealth. Ordinary people with ordinary amounts of savings and property don’t pay it.

Dead people aren’t taxed. The beneficiaries of their estate are, because they didn’t earn the money (and when it’s from a rise in property price, as it usually is, neither did the dead person). All money is multiply taxed. If I buy something with money I’ve paid tax on, the shop keeper pays tax on it again, then uses it to pay his employees, who also pay tax. It’s how it works.

I don’t know what you mean about NI and the self employed.

You could go on I’m sure, but it would just be things which can be easily explained. All functioning societies have a (very similar as it happens) tax system.

Would also like to point out that acreage prices are vary variable even in the same area.

You will pay a hell of a lot more per acre for up to 30ish acres than you would for 300.

So whilst 300 acres might be at £10k per acre. A nearby 10acre holding might be more like £40k an acre.

Acres that are on urban fringe could be vastly more valuable.

Labour are only getting certain groups of people though at the moment
Those that don’t vote for them

If we agree IHT is a fair tax ( I don’t)
Then why the allowance for some @£325,000. Why do they pay nothing. If we agree everything should be fair then everyone should pay IHT from £1 When they die

If we agree everything should be fair why do some people pay for care and others don’t.

If we agree taxes should be fair then we shouldn’t have a tax free allowance at all or a NI allowance.

You see if we agree everything should be fair then everyone should be paying the same and from the same starting point.
We don’t….

If they can afford private school fees, they can afford IHT.

So the only way you can make your take on the figures work is to only include outlying, mountainous, sheep farms? Ok. Gotcha.
And no, the Scotland and Wales average cost per acre I quoted aren’t in England. But, ok. 🙄

@Coolasfeck to be fair he has a habit of showing up in all sorts of places and making sure he gets media attention. Right now farmers will take support from any politicians who will actually help get this reversed.

There were plenty of other politicians at the rally today as well. From differing parties

No, that’s not what I said at all. There’s no point in this. Believe whatever yo7 like. Time will tell.

This.

Huge farms owned by very rich people who don't feel they should pay what others do.

Nothing here is new.
Actually IHT is a tax on the assets of the dead as stated by the Government.

On their assets yes. But because they’ve been inherited, as per the name of the tax…
No, it’s not new. Which makes me wonder why you had to ask such obvious questions.

This.

Multi millionaire BIL has purchased a 'farm' he knows every loophole going. Some very rich people avoid lots of taxes others pay. Also takes advantage of every grant of free money going, new fencing free, lay land falliw plant x on land etc.

Even with this IHT they will only pay 20% not the amount others pay!

@notanothernamechange24 We have a data point now: BBC News has just announced that in 2021-22 only 117 farm estates were above the threshold.

What is going on with the figures do you know?

I don't get the it will hit only a small number when the threshold isn't high for a farm and people speaking at the protest today were small to medium farmers who don't earn a lot yearly

…..and this is the crux of my conflict 😂
If you are putting 3 or 4 kids through private school whilst families from the town nearby are queuing at the food bank, I struggle to summon up sympathy.
However, knowing that adding a new cost to farmers through IHT will ultimately raise food prices as they pass the cost on….
well I think we know which group will still be struggling to feed their families.

Why do people focus on Dyson and not the every day protesters who spoke today about their situations, and those on these threads

And you're more likely for all the smaller family farms to go under than Dyson if that's what you're after