Election 2024

[brb]

Why I said sliding scale ... if say £1m was added to the tax free threshhold element for every 10 years that it had been a working farm, then a farm that been in a family for 40 years would see a further £4million escape the IHT net ... many working farms would be IHT free as a result - but you'd still catch many of the rich tax dodgers ...

Vote Fosse for Chancellor of the Exchequer - you know it makes sense!

But if ALL your land is purely used for farming, there is nothing to sell on, unless it fell into any of the catergories that I said I had no sympathy for, you still aren't making that distinction, you are chucking everyone under the same umbrella, just because they got more assets than you.

 

[brb]

Anyway I said my bit, **** the farmers.

 

[FosseFilberto]

Eh?

Status quo might be changing but means diddly squat ... polls on the eve of the election may be a good pointer to the election result but polls now mean nothing of real consequence ...

 

[PINKIE]

On inheritance tax, they either need to apply it to everybody the same, or scrap it for everybody.

I don't see why farmers should be exempt, or get a favourable deal.

Do nurses, doctors, teachers etc ?

They all do equally as important jobs for society.

 

[FosseFilberto]

But if ALL your land is purely used for farming, there is nothing to sell on, unless it fell into any of the catergories that I said I had no sympathy for, you still aren't making that distinction, you are chucking everyone under the same umbrella, just because they got more assets than you.

What do you think my kids would have to do to meet an IHT bill? ... they'd have to sell some of our assets - likely the property itself ...

The suggestion I'm making, with thought through financial parameters, would take the vast majority of generational family farms completely outside the net of IHT - provided the farming continues- but would still catch the vast estates with plenty of non-farming saleable assets (or wealthy enough to meet the IHT bill without having to sell owt) and would also catch those who have 'invested' in farming as a tax break...

 

[brb]

On inheritance tax, they either need to apply it to everybody the same, or scrap it for everybody.

I don't see why farmers should be exempt, or get a favourable deal.

Do nurses, doctors, teachers etc ?

They all do equally as important jobs for society.

But you clearly missed the points, excluding all the people I have no sympathy for, you can't sell farmland that you work for a living. Oh they've got more than me, so lets cry about it. While you spaff your money up the wall, just working when you feel like it.

Maybe farmers should just spaff their money and **** to feeding a nation, just lead the life of luxury while they are alive, and then we have no future farmers as they sell everything off, talk about narrow minded.

 

[brb]

What do you think my kids would have to do to meet an IHT bill? ... they'd have to sell some of our assets - likely the property itself ...

The suggestion I'm making, with thought through financial parameters, would take the vast majority of generational family farms completely outside the net of IHT - provided the farming continues- but would still catch the vast estates with plenty of non-farming saleable assets (or wealthy enough to meet the IHT bill without having to sell owt) and would also catch those who have 'invested' in farming as a tax break...

I've made the exclusions, they are easy to understand, it's just about applying them. Personally I would hope that my kids have made something of their lives, so they don't have to worry about inheritance, it's about goals in life. So then when IHT does come around it's more of a luxury than a necessity. Obviously if family farmers do sell land for gain, then yes of course they should pay IHT.

 

[PINKIE]

But you clearly missed the points, excluding all the people I have no sympathy for, you can't sell farmland that you work for a living. Oh they've got more than me, so lets cry about it. While you spaff your money up the wall, just working when you feel like it.

Maybe farmers should just spaff their money and **** to feeding a nation, just lead the life of luxury while they are alive, and then we have no future farmers as they sell everything off, talk about narrow minded.

I didn't miss em, I didn't read em

 

[brb]

Maintain the land keep it, as long as it is farm productiive for the nation.

Don't maintain the land or use it for gain, other than farmer methods pay the tax.

 

[FosseFilberto]

On inheritance tax, they either need to apply it to everybody the same, or scrap it for everybody.

I don't see why farmers should be exempt, or get a favourable deal.

Do nurses, doctors, teachers etc ?

They all do equally as important jobs for society.

See your point - but do think genuine farmers are a bit of a special case - we're all dependent on them ....and if the Government scrapped IHT, the Exchequer shortfall would need to be met from elsewhere ...

 

[brb]

I didn't miss em, I didn't read em

You must work with farmers at some stalls that sell produce, bet you don't tell them to their face, you need to pay your IHT mate.

 

[FosseFilberto]

I've made the exclusions, they are easy to understand, it's just about applying them. Personally I would hope that my kids have made something of their lives, so they don't have to worry about inheritance, it's about goals in life. So then when IHT does come around it's more of a luxury than a necessity. Obviously if family farmers do sell land for gain, then yes of course they should pay IHT.

There's already a tax for that ... CGT...

 

[brb]

See your point - but do think genuine farmers are a bit of a special case - we're all dependent on them ....and if the Government scrapped IHT, the Exchequer shortfall would need to be met from elsewhere ...

Well you could just stop @duggie2000 pension, they've already taken the winter fuel allowance, just go the whole ****ing hog.

 

[FosseFilberto]

You must work with farmers at some stalls that sell produce, bet you don't tell them to their face, you need to pay your IHT mate.

The farmers on those stalls likely won't pay any already ...

 

[brb]

There's already a tax for that ... CGT...

True, so leave the genuine farmers alone.

 

[brb]

The farmers on those stalls likely won't pay any already ...

That was more tongue in cheek.

 

[Saf]

Exactly mate. I get some farmers can be greedy and there's a lot of people that don't like them, but I wonder here how many people would get up at the crack of dawn to do what they do, or put in the hard graft and long hours.

Although I know a lot of it is automated in one way of another these days, it's not quite as hands on as say before my time but it's still a vital service to this country.

One day, long after I'm gone, well unless we break out in war, people are going to get a wake up call when the supermarket shelves are empty, they will find out how the people in Gaza or Sudan feel, when food isn't readily available, don't cut off the hand that feeds you, it can have serious repercussions for the whole population.

Tbh mate, I don’t give a **** how much people make or how much money they inherit. It’s none of my business, frankly.

I’d scrap IHT, I think the government get enough tax from us while we are alive they shouldn’t have the ability to tax it from us when we are dead. I don’t think it’s fair that you graft your bollocks off, to build up a nice kitty for your next generation just for the government to take it away from them.

Back to the farmers, I see the long hours and hard work that they put in. It’s non-stop from the break of dawn until sunset. People think they just drive around in tractors all day, they’ve got a full livestock to care for every day of the year, as well ensuring the crops are properly maintained. All the work that goes into the planting and harvesting when that comes around is a proper eye opener.

They’ve also got to hope that the weather doesn’t go against them as well as the wildlife attacking their crops which can be a serious financial burden on them.

There’s a similar narrative with the old people, that they’re all rich and don’t want for anything. It’s bullshit. They might be asset rich but not many are cash rich. Plenty of farmers struggle in a bad year.

 

[Saf]

But you clearly missed the points, excluding all the people I have no sympathy for, you can't sell farmland that you work for a living. Oh they've got more than me, so lets cry about it. While you spaff your money up the wall, just working when you feel like it.

Maybe farmers should just spaff their money and **** to feeding a nation, just lead the life of luxury while they are alive, and then we have no future farmers as they sell everything off, talk about narrow minded.

Nail on the head. That’s what is underlying in all of this.

 

[PINKIE]

There's a lot wrong with modern farming practices anyway, so the whole thing needs an overhaul. Not blaming individual farmers, but there's a reason why the UK is one of the most nature depleted countries in the world, and intensive farming practices have a lot to do with it. We literally pay farmers not to grow certain crops and keep a lot of land as low grade grazing, which doesn't produce a lot of food anyway. Also a lot of the money farmers get is from subsidies, rather than the agricultural produce they provide. So there's an argument for making land more productive and pumping money into massive mono crop farms. That in turn would reduce the 'land which can't be sold' equation in the 'asset rich cash poor' argument that farmers make to exempt them from IHT

 

[brb]

Tbh mate, I don’t give a **** how much people make or how much money they inherit. It’s none of my business, frankly.

I’d scrap IHT, I think the government get enough tax from us while we are alive they shouldn’t have the ability to tax it from us when we are dead. I don’t think it’s fair that you graft your bollocks off, to build up a nice kitty for your next generation just for the government to take it away from them.

Back to the farmers, I see the long hours and hard work that they put in. It’s non-stop from the break of dawn until sunset. People think they just drive around in tractors all day, they’ve got a full livestock to care for every day of the year, as well ensuring the crops are properly maintained. All the work that goes into the planting and harvesting when that comes around is a proper eye opener.

They’ve also got to hope that the weather doesn’t go against them as well as the wildlife attacking their crops which can be a serious financial burden on them.

There’s a similar narrative with the old people, that they’re all rich and don’t want for anything. It’s bullshit. They might be asset rich but not many or cash rich. Plenty of farmers struggle in a bad year.

I agree.

The real reason I see the hate with some people imho is because farmers are likely Tory voters, that's their real problem here, you can be sure if they were Labour voters you would get none of this nonsense - but for me I don't care how they vote, as long as a farmer is genuinely working his land I will support them, as for all the other so called farmers chuck them in the bin.

Anyway, I can see whoever gets in power next scrapping all this bolloxs.