In the news

That 56% of farmland purchased by non-farmers = helipads

At the end of the day, it's inheritance tax. Other than a wealth tax, it's the best kind of progressive, distributive tax.

There’s a fair few celebrities who have bought farms, possibly from advice from financial advisers.

Jezza
Alex James
The guy from groove armada
The who front man
I’m sure there are countless others

hopefully this applies to people like the duke of westminster and his ilk, they've been one of the richest families in the uk for a good few years hopefully their legacies can be wittled down a bit and they can pay some inheritance tax on their huge property and land portfolios when they snuff it.

The who front man

who?

No just celebs. Dyson, one of the other big critics of this new tax law, is another one who chucked a load of hi wealth into farms in an attempt to reduce his tax.

Wasn't he a Dr?

And Velocio

Landed Farming Gentry in Single-breasted Suits

And estates above £1million (or £2million with a partner)

So will we see farmers go polyamorous now?

16 partners=£17m threshold, right?

https://www.theguardian.com/world/2024/n­ov/02/revealed-the-growing-income-gap-be­tween-europes-biggest-and-smallest-farms­

A long-term trend linked, like in the first 'Industrial Revolution' to the changing tide back to cities from the land again. A large part of the reason for political discontent.

Dyson

Arguably the case study that triggered the whole policy...

funny way of spelling arsehole?

Nah, I don't want a farm, just a field... to build an observatory in/on.

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?

Would probably sell fewer Hoovers with that printed on them...

Surely the friend of small farmers, not? /Sarc

His emotional upset beings tears to a glass eye.. ;)

Nah, they'll have it all in trusts.

I suspect that the farms that own millions of pounds of machinery are well over the thresholds anyway.

Smaller farms will be renting/leasing their stuff or it will be older with a greatly reduced book value.

Id put money on the majority of those land sales being primarily house building firms and pension funds rather than private purchases.

Very likely but does rather fly in the face of the protest leaders narrative

In other news, will you look at this prat

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I'd rather not, ta.

No need to be mean. That's how all the posters in this thread dress. Just with thick rimmed glasses and no umbrella.

lets all stand in the road thread >>>>>>>>>>>>>>