Inheritance tax should be abolished for everyone not just farmers. Its a greedy tax that decimated families in times of grief. Poor people who inherit can't afford it either. When an asset is fully paid for it should become a family asset not an unearned asset, it was earned and paid for its not a new asset.
The Tories have said they recognise they were hammered in the election and would abolish inheritance tax for farmers but didn't mention anyone else. This blatant identity politics long after the 14 years they could have abolished it outright for everyone will not wash with me. Rupert Lowe has confirmed Reform will abolish it outright for everyone.....hear hear. We'll done Reform, Tories just virtue signalling to their identity politics group again.
What just amazes me is how Rachel Reeves is still in the job? She has been found out for altering her cv and has no experience in economics, yet there she is, running the country's finances, and the people, into the ground.
The ‘economist’ Chancellor’s numbers for the imposition of inheritance tax on farms is laughable. The farm would have to be worth £1 million to qualify. With land prices what they are a 100 acre farm would be valued at many more times that. And who would do the valuing? HMRC?
The farmers I know say they are rich on paper and poor in the pocket. This tax would then pull most farmers into a tax that is only paid by the very well off. There will be no cash available to pay what would be an appalling amount of tax. The Government say it is ‘fair’ on the basis that two wrongs make a right. No one should pay inheritance tax, as all the money earned by the deceased has already been taxed. Seeing a food growing farm as a luxury asset is mind numbingly stupid. But I suppose the WEF will approve as more farms will end up in the hands of global aggri businesses. Our ‘highly qualified economist’ Chancellor is certainly economical with the truth.
Inheritance tax should be abolished for everyone not just farmers. Its a greedy tax that decimated families in times of grief. Poor people who inherit can't afford it either. When an asset is fully paid for it should become a family asset not an unearned asset, it was earned and paid for its not a new asset.
The Tories have said they recognise they were hammered in the election and would abolish inheritance tax for farmers but didn't mention anyone else. This blatant identity politics long after the 14 years they could have abolished it outright for everyone will not wash with me. Rupert Lowe has confirmed Reform will abolish it outright for everyone.....hear hear. We'll done Reform, Tories just virtue signalling to their identity politics group again.
What just amazes me is how Rachel Reeves is still in the job? She has been found out for altering her cv and has no experience in economics, yet there she is, running the country's finances, and the people, into the ground.
The ‘economist’ Chancellor’s numbers for the imposition of inheritance tax on farms is laughable. The farm would have to be worth £1 million to qualify. With land prices what they are a 100 acre farm would be valued at many more times that. And who would do the valuing? HMRC?
The farmers I know say they are rich on paper and poor in the pocket. This tax would then pull most farmers into a tax that is only paid by the very well off. There will be no cash available to pay what would be an appalling amount of tax. The Government say it is ‘fair’ on the basis that two wrongs make a right. No one should pay inheritance tax, as all the money earned by the deceased has already been taxed. Seeing a food growing farm as a luxury asset is mind numbingly stupid. But I suppose the WEF will approve as more farms will end up in the hands of global aggri businesses. Our ‘highly qualified economist’ Chancellor is certainly economical with the truth.