Dunners wrote: ↑Mon Nov 18, 2024 9:40 am
Love a good shambles.
What about a Chancellor being accused of being creative on her CV?
Now that is a Real humdinger of a shambles
Labour, the party that just keeps on giving.
Just as you do, ad nauseum.
When the Government stop being such a shambles I’ll have nothing to talk about! They get their act together is the answer. Good luck to the farmers and their protest. There is yet another shambolic decision.
Even Labour people are not happy with some of it.
Still, they’ve laid down a solid framework when Trump takes over for real. I just hope he is not a vindictive sort of guy. Slurs from people who he now has to deal with. Still, they have been sucking up as best they can to repair the damage. I struggle for a word to describe it.
Long slender neck wrote: ↑Mon Nov 18, 2024 9:49 pm
Why should millionaire farmers not pay inheritance tax?
Because they are not cash rich millionaires, their wealth is in their land, outbuildings, machinery and often their livestock. The only way they can pay tax is by selling their land/equipment etc thereby reducing their ability or produce food profitably. Maybe to the point of making the whole process not worth the effort. Or take out loans.
We should be increasing our ability to be food self sufficient. Not relying on foreign imports transported from around the world. The right thing to do is support British farming, help it grow, help it to become more able to produce quality home-grown produce and not introduce measures that play into the hand of overseas competitors.
I really struggle to see the benefits of this move. But the I am struggling to see the sense in what this government is doing.
Better still, research this topic on the web and make up your own mind. Then explain how this move is good!
Last edited by Dohnut on Mon Nov 18, 2024 10:53 pm, edited 1 time in total.
Long slender neck wrote: ↑Mon Nov 18, 2024 9:49 pm
Why should millionaire farmers not pay inheritance tax?
Because they are not cash rich millionaires, their wealth is in their land, outbuildings, machinery and often their livestock. The only way they can pay tax is by selling their land/equipment etc thereby reducing their ability or produce food profitably. Maybe to the point of making the whole process not worth the effort.
We should be increasing our ability to be food self sufficient. Not relying on foreign imports transported from around the world. The right thing to do is support British farming, help it grow, help it to become more able to produce quality home-grown produce and not introduce measures that play into the hand of overseas competitors.
I really struggle to see the benefits of this move. But the I am struggling to see the sense in what this government is doing.
Unsurprisingly it was Maggie Thatcher who introduced the law to relieve farmers from paying IHT, back in 1984. For whatever dumbarse reason she did this, although looking after wealthy landowning friends/backers might be a good bet, this allowed chancers like Dyson, Clarkson etc to buy land in order to get out of paying IHT. This needed changing. Maybe thresholds need reviewing but overall it’s a good idea to remove this tax loophole. Lastly, anything that pisses off the likes of Clarkson and Dyson can’t be all bad, can it.
Long slender neck wrote: ↑Mon Nov 18, 2024 9:49 pm
Why should millionaire farmers not pay inheritance tax?
Because they are not cash rich millionaires, their wealth is in their land, outbuildings, machinery and often their livestock. The only way they can pay tax is by selling their land/equipment etc thereby reducing their ability or produce food profitably. Maybe to the point of making the whole process not worth the effort.
We should be increasing our ability to be food self sufficient. Not relying on foreign imports transported from around the world. The right thing to do is support British farming, help it grow, help it to become more able to produce quality home-grown produce and not introduce measures that play into the hand of overseas competitors.
I really struggle to see the benefits of this move. But the I am struggling to see the sense in what this government is doing.
Unsurprisingly it was Maggie Thatcher who introduced the law to relieve farmers from paying IHT, back in 1984. For whatever dumbarse reason she did this, although looking after wealthy landowning friends/backers might be a good bet, this allowed chancers like Dyson, Clarkson etc to buy land in order to get out of paying IHT. This needed changing. Maybe thresholds need reviewing but overall it’s a good idea to remove this tax loophole. Lastly, anything that pisses off the likes of Clarkson and Dyson can’t be all bad, can it.
The work Dyson is doing is amazingly innovative and definitely benefits the future. But Dyson will be able to afford this tax. Or use creative accounting to avoid it. It is the smaller farmers who will get into difficulties. But like all things, the impact of this will be more expensive food on the shelves. Or more foreign imports. Ultimately it’s us who will pick up the bill.
