You are reading a single comment by @rpm and its replies.
Click here to read the full conversation.
-
Farming machinery is very highly priced and usually leased, especially in the big industrial farms.
It’s been blown out of all proportion by right wingers taking every possible shot at the government, egged on by dickheads like Clarkshit.
There are a number of initiatives set up to help British farmers which are being overlooked in the arguments and will probably make small family farms better off.
rpm
This article covers some of the issues well. https://www.theguardian.com/environment/2024/nov/19/what-are-inheritance-tax-changes-affecting-uk-farmers
The change in law rolls together two previous allowances (one for land, one for things like machinery) into one. So huge chunks of the new allowance will be taken up by machinery leaving little headroom for the value of the estate. The government's own calculations don't take this into account so the idea that it will only hit massive farms isn't accurate.