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Farmers
Posted:
19 Nov 2024, 18:12
by victor
I support them if they want to block the ports
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Re: Farmers
Posted:
19 Nov 2024, 18:14
by Workingman
Wrong board Vic.
Try News and Current Affairs.
Thanks.
Re: Farmers
Posted:
20 Nov 2024, 12:01
by Kaz
What Frank said, Vic ALL news posts on News please. Moving it there now.
Re: Farmers
Posted:
20 Nov 2024, 16:50
by victor
Haven't seen any mainstream news channels reporting on the amount of food donated to food banks in London by the farmers and supporters yesterday
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Re: Farmers
Posted:
20 Nov 2024, 18:09
by medsec222
I support the farmers too Vic. This inheritence tax grab has not been thought through properly by the Government. Most of the small famers are land rich but the costs of purchasing farm equipment to run the farms is extremely high. They work long hours, probably seven days a week, and they can't even set the price for the produce they sell. That is set for them. Farming the land runs in the family and of course they should be able to pass the farm down in its entirity to their children to continue to provide us with food. If there are big businesses buying up land to avoid inheritience tax without producing anything on the land, as is claimed, then the Government should target them and them alone and leave the smaller farms to do what they are best at which is keeping the nation supplied with food. Once these smaller farms are forced to sell up more food will need to be imported. Sir Keir opined on television that the BBC supported the Government in their action regarding taxing the farmers. This is one occasion when I can believe him.
Re: Farmers
Posted:
20 Nov 2024, 20:02
by Workingman
It really is a bit of a mess. The figures are all over the place; from only 500 farms being affected to 40,000 to 70,000. Nobody seems to know the true figure - not DEFRA, not the treasuy and not even the Farmer's union. .
However, according to gov't figures. 1/3 of farmable land in England is run by tenant farmers on 3.3 year rolling leases, so no inheritance tax for them, but up to 2/3 of it is part tenant part private run, the split between the two is anybody's guess. Of the other 1/3 a large proportion is owned by companies (Ltd or PLC) again no inheritance tax. It is all beginning to look a bit ill thought out.
And the rules are a bit odd. If a farm is handed down for more than seven years then no inheritance tax is paid. It's too late for current farm owners but in future farms will be passed on to the children once they become 18 - 21.