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Yep, but some farmers have expensive machinery and go over 1 million as it seems that value is added to the estate. Unless the farmers in NI complaint got that wrong too
There is land near us in the Belfast hills for grazing, the plot sold for over a million.
Its grazing land only and yet...
Of course a lot of noise is stirred up by people that bought land to avoid tax, but a little bit of tuning and adding some useful things in the budget for nature farming or whatever genuine small farms need may not be so bad?
JWestland
aggi
The relief is only removed for farms valued at over £1million, so smaller farms won't pay any tax