Current Affairs The Labour Party
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I'll be potentially controversial and I think Pete has a point here.
There's definitely a problem with very wealthy individuals exploiting this tax loophole.
But, it does mean some individuals will get fisted. The owners of traditional smaller family owned farms.
This article does suggest these might be the minority mind...
Analysis: Who owns Britain's farmland? - Farmers Weekly
Land is a finite resource, offering relatively stable, long-term growth, hedging and wealth preservation opportunities. But there has been a changing
To add confusion, an older GOVT analysis reckons 54% of agricultural land is owner occupied. This doesn't seem well defined though.
Edit: trying to find a working link to the latter as it us a pdf. Bear with.
Further edit: Aha!
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So just talking personally I’ve repeatedly said I’m open to being persuaded that farming is a special case but unlike your well written post the majority of the arguments from the farming side have been basically “it’s not fair “ or Clarkson saying how they’re being penalised .I'll be potentially controversial and I think Pete has a point here.
There's definitely a problem with very wealthy individuals exploiting this tax loophole.
But, it does mean some individuals will get fisted. The owners of traditional smaller family owned farms.
This article does suggest these might be the minority mind...
Analysis: Who owns Britain's farmland? - Farmers Weekly
Land is a finite resource, offering relatively stable, long-term growth, hedging and wealth preservation opportunities. But there has been a changingwww.fwi.co.uk
To add confusion, an older GOVT analysis reckons 54% of agricultural land is owner occupied. This doesn't seem well defined though.
Agricultural land ownership and tenure in England
Detailed annual statistics on the ownership and tenure structure of agricultural land at 1 June in England.www.gov.uk
I’ll need to see more but I’ll take some convincing £25m is a suitable cut off point .
There has been some really good discussion on this on various Radio 4 programmes the last couple of weeks.
It truly is a complex area.
NilSatisOptimum
Player Valuation: £70m
I'll be potentially controversial and I think Pete has a point here.
There's definitely a problem with very wealthy individuals exploiting this tax loophole.
But, it does mean some individuals will get fisted. The owners of traditional smaller family owned farms.
This article does suggest these might be the minority mind...
Analysis: Who owns Britain's farmland? - Farmers Weekly
Land is a finite resource, offering relatively stable, long-term growth, hedging and wealth preservation opportunities. But there has been a changing
To add confusion, an older GOVT analysis reckons 54% of agricultural land is owner occupied. This doesn't seem well defined though.
Agricultural land ownership and tenure in England
Detailed annual statistics on the ownership and tenure structure of agricultural land at 1 June in England.
No difference if I had unknown aunt who left me her 6 bedroom London Victoriana town house in her will. I would be stung for tax, poor little me, going cry and whinging about my hard work gone too nothing...
You either belive in tax system for everyone or you don't.
NilSatisOptimum
Player Valuation: £70m
Irony is had we will still been in EU the view and voice on small farming in UK would be much louder, and stronger as many countries inside the EU have small farming protected by their own laws. However, we have our own sovereignty now which will suffice.
NilSatisOptimum
Player Valuation: £70m
It's been made complicated so people can shuffle immense wealth away, first attempt to start to simplify some part of the tax system, the greed is good brigade are flushed out pheasants on a shoot.
Please explain how it has been made complicated.
NilSatisOptimum
Player Valuation: £70m
Here we go "forum sophist" going in for the likes. Zzzz!
Is the UK tax system complicated, anyone?
Actually don't care much at all about farming in the context of inheritance tax as i can't see why a farmer's kids are somehow more deserving than any descendant of my family line or anyone's for that matter - who won't be able to take up farming with what is left when I've croaked.
Hello mate, you're not making any sense. As per.
I did ask you to stop responding to my posts politely. But you haven't. So you are going on ignore.
NilSatisOptimum
Player Valuation: £70m
Anyone found it? Closest I can see is this one, probably not on the verge of bringing down the government:
Pretty sure that's just Dave and the other 28 members of the local Collective.
I see 'Call a general election' is trending on Twitter.
Some right bright spark has created a parliamentary petition - and at least one Tory peer has shared it.
GB News have jumped on this story. Over 1000 fb comments, all saying "It's going up by 1000 signatures a minuite.
When you're upsetting the right this much, it's another indication Labour are on the correct path.
It's going to be a very very very long 5 years for some.
Bryan+
Player Valuation: £40m
You do know the majority of musks followers and a huge portion of the users on there are bots don’t you?I see 'Call a general election' is trending on Twitter.
Some right bright spark has created a parliamentary petition - and at least one Tory peer has shared it.
GB News have jumped on this story. Over 1000 fb comments, all saying "It's going up by 1000 signatures a minuite.
When you're upsetting the right this much, it's another indication Labour are on the correct path.
It's going to be a very very very long 5 years for some.
I see 'Call a general election' is trending on Twitter.
Some right bright spark has created a parliamentary petition - and at least one Tory peer has shared it.
GB News have jumped on this story. Over 1000 fb comments, all saying "It's going up by 1000 signatures a minuite.
When you're upsetting the right this much, it's another indication Labour are on the correct path.
It's going to be a very very very long 5 years for some.
Why did they link to change.org if it's a parliamentary petition? Weirdos.
Anyway that's fantastic, let them all get distracted and excited by irrelevant nonsense. Nearly 20 million people voted against Labour in July when it counted so half a million less than 6 months later shouldn't really surprise anyone, they should schedule the debate and just have Big Keir blow a 5 minute raspberry directly to camera.
In other news I see one of Dave's favourite cabinet members to have a pop at, Liz Kendall, has said some stuff he won't agree with today. No doubt that'll be our theme for the rest of the day.
twoblue
Player Valuation: £35m
Since 2009 the UK tax code has exceed that of India and, at 11,520 pages, become the longest in the world. No lay person can ever fully understand tax law.
Farms and landownership is tax loop hole. Encouraging land banking. Driving up prices of land across the country. Making affordable homes impossible.
There is a lot of talk about the value of agriculture machinery, however I wonder if this can be pulled out of the valuation. From my understanding “moving parts” and perishable good are excluded from inheritance tax… see classic car and watches and vintage wine also being a tax loop hole.
Everything which upsets the Tory/reform (basically the same thing) masses convinces me even more that labour, whilst making difficult decisions, are moving in the right direction.
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