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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To ask why you support the farmers, regarding inheritance tax?

491 replies

WheresFluffy · 19/11/2024 14:36

Just that, really.
I'm interested to know why people support, or not, the farmers regarding the inheritance tax changes.

YABU - it's been done to death
YANBU - learning why people believe things is important.

OP posts:
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11
Spl3ndid · 19/11/2024 20:47

Memyselfmilly · 19/11/2024 20:41

But you have a job and you pay IHT. That is the difference. Say you have a job and a house and a mortgage. Your parents die, you pay the IHT and then once everything is settled you may have some money to pay off mortgage, gift to children go on holiday.

farmer dies. Inheritance tax has to be paid. In order to do that, you have to sell part of the farm and then it can no longer be sustainable. Good bye farm.

the two scenarios are not linked. When your parents die you will not pay IHT on the earnings from your job. When your job and what is being taxed is so tied up together - the scenario is very different.

No you don’t you have 10 years to pay tax free
and farms over £3 million aren’t broke. Should all family business not pay inheritance tax?

Anyway it’s happening so 🤷‍♀️

Memyselfmilly · 19/11/2024 20:49

Spl3ndid · 19/11/2024 20:47

No you don’t you have 10 years to pay tax free
and farms over £3 million aren’t broke. Should all family business not pay inheritance tax?

Anyway it’s happening so 🤷‍♀️

so what 10 years if you aren’t making any profit. So it’s best just to sell. No farms, no local food. Imported shit food like they have in America.

DinosaurMunch · 19/11/2024 20:50

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Most farmers work about 90 hours a week. Most people would have a good life if they worked that much.
Anyway that's beside the point. What's the alternative to a family farm? A corporate producing food. When has that ever made things better for anyone? Shareholders will reap the benefits while rural communities, food standards, animal welfare and the environment all go down the pan

BurntBroccoli · 19/11/2024 20:50

MulinoDarco · 19/11/2024 20:39

Sorry to hyperbole, but I don't understand the argument farmers are born to the job and grow up to be farmers and nothing else. Don't farmer kids have choice in their lives. Do all of them passionately want to become farmers. I bet there are some sad stories out there... One wouldn't think of any other business owner's kid, say I don't know, window producer, having to keep the family biz so therefore shouldn't pay inheritance tax.

They usually go to Universities like Harper Adams and become Land Agents or agronomists. A lot of farmers' kids also study law.

Spl3ndid · 19/11/2024 20:50

Memyselfmilly · 19/11/2024 20:49

so what 10 years if you aren’t making any profit. So it’s best just to sell. No farms, no local food. Imported shit food like they have in America.

If you’re not making any profit it’s not a viable business anyway.

AquaPeer · 19/11/2024 20:51

I’m from an Irish farming family and farming is generally less class based there than here.

The farming industry was severely disrupted in the 50s-70s with migration of women to other countries and urban areas (due to lack of jobs)- the male farmers obviously stayed and were a great unmarried generation. 4 of my great uncles succumbed to this, which was a national disruption to the framing demographic.

we no longer have any farm land having sold it all off with their deaths (there are reliefs for inheritance tax for agricultural land in Ireland- much like Starmer is putting in place here- but it is subject to IHT there too)

this is not an uncommon story in Ireland in the last 50 years. I’m not aware that Ireland has sank into a food security emergency, maybe I missed it though.

Memyselfmilly · 19/11/2024 20:51

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How many hours a week do you work?

BoudiccasBangles · 19/11/2024 20:51

Tell me you don’t understand farming without telling me you don’t understand farming.

Bitofashithouse · 19/11/2024 20:52

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Checkedoutblanket · 19/11/2024 20:52

Farmers should pass over ownership of farms to the Gov in return for them being able to run them without inheritance tax - I'm only half joking. Farmers and their whinging never stops - they have the worst job in the world yet they still do it.
My dad was a farmer and I knew plenty of whingers and shirkers who relied on the EU to prop up their income. I had little sympathy.

Itiswhysofew · 19/11/2024 20:52

Why make their lives any harder than they currently are?

I'm surrounded by farmers, and there's not much evidence of wealth that I can see.

WonderingAboutThus · 19/11/2024 20:53

I like having food.

Cattery · 19/11/2024 20:54

Just to clarify:

To ask why you support the farmers, regarding inheritance tax?
Spl3ndid · 19/11/2024 20:55

Itiswhysofew · 19/11/2024 20:52

Why make their lives any harder than they currently are?

I'm surrounded by farmers, and there's not much evidence of wealth that I can see.

Plenty of wealth near me. I’m surrounded by farmers too.

Bitofashithouse · 19/11/2024 20:55

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WooleyMunky · 19/11/2024 20:56

The farming community is to Kier Starmer and Labour what the miners were to Thatcher.
Metropolitan elites demonising for their own ends.

Miners were, with the wholehearted support of the Murdoch media, painted as militant communist bastards that wanted to ruin the state and destroy happy Middle England.

The media now is complicit in attacking the farming community as being millionaire landed gentry avoiding tax at the expense of the precious NHS.

The metropolitan elite, that used to be Tory but is now Starmer and Reeves, fails to understand the importance of the mostly working class rural community to the economic, logistics, and supply elements of the country they pretend to govern.

Starmer and his party have betrayed the consensus on which they were elected, and it will come back to haunt them, as it did in the US with Biden and the Democrats.

DreamTheMoors · 19/11/2024 20:56

Boomer55 · 19/11/2024 16:59

I don’t support them, but thank you for asking. 🙂

Enjoy your fruits and vegetables, ma’am.
Chew carefully.

Love, a farmer.

Memyselfmilly · 19/11/2024 20:56

AquaPeer · 19/11/2024 20:51

I’m from an Irish farming family and farming is generally less class based there than here.

The farming industry was severely disrupted in the 50s-70s with migration of women to other countries and urban areas (due to lack of jobs)- the male farmers obviously stayed and were a great unmarried generation. 4 of my great uncles succumbed to this, which was a national disruption to the framing demographic.

we no longer have any farm land having sold it all off with their deaths (there are reliefs for inheritance tax for agricultural land in Ireland- much like Starmer is putting in place here- but it is subject to IHT there too)

this is not an uncommon story in Ireland in the last 50 years. I’m not aware that Ireland has sank into a food security emergency, maybe I missed it though.

Do you know where Ireland imports its grain from?? I’ll give you one guess 😂😂😂

oakleaffy · 19/11/2024 20:57

Spl3ndid · 19/11/2024 20:55

Plenty of wealth near me. I’m surrounded by farmers too.

Pretty wealthy round here, too! {Gloucestershire}.

oakleaffy · 19/11/2024 20:59

Memyselfmilly · 19/11/2024 20:56

Do you know where Ireland imports its grain from?? I’ll give you one guess 😂😂😂

Probably Ukraine, the ''Bread Basket'' of the World. {Or was}

Spl3ndid · 19/11/2024 20:59

DreamTheMoors · 19/11/2024 20:56

Enjoy your fruits and vegetables, ma’am.
Chew carefully.

Love, a farmer.

https://ugc-assets.mumsnet.com/images/202411/large-cwp2hqkplokg5sHSfu0293W0xviEfgUlZTgsLp5h.png

Will do

https://ugc-assets.mumsnet.com/images/202411/large-cwp2hqkplokg5sHSfu0293W0xviEfgUlZTgsLp5h.png

Wigglytails · 19/11/2024 21:00

The NFU should have stepped in when the price of farm land in England was going through the roof.

Harry Metcalfe, Jeremy Clarkson and the likes bought “hobby” farms to store their own wealth (and protect it from IHT) which has backfired for the actual real farmers who deserve our support especially when grow our food and supply our milk.

I feel for the people who are multi generational and own small but not insignificant (more then £3m) farms who will be affected, especially those who’s ownership is in the hands of 70:80 year old men & not yet passed to their sons / daughters.

But it’s tricky - why should the ultra rich around the Cotswolds get to play the system at the expense of the dairy farmers in NI or Arable farms in NYorks etc?

There must be a better way. Why don’t labour start by taxing the oligarchs in London? That would potentially bring more revenue but no doubt affect the free football season tickets and access to private members clubs in the city.

Memyselfmilly · 19/11/2024 21:01

oakleaffy · 19/11/2024 20:59

Probably Ukraine, the ''Bread Basket'' of the World. {Or was}

Largest import - at least from 2022 - is from UK.

AquaPeer · 19/11/2024 21:03

Memyselfmilly · 19/11/2024 20:56

Do you know where Ireland imports its grain from?? I’ll give you one guess 😂😂😂

Yes, they’ll obviously stop importing grain when English farms aren’t family owned.

it’s funny how farmers paying inheritance tax will starve to death the inhabitants of another country as well as ours. What power these farmers hold when they don’t want pay their fair share of tax

Bitofashithouse · 19/11/2024 21:04

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