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It's because if forced to sell assets to cover an IHT bill, the working farm could become non-viable.
Sounds as though the farm is already unviable if it cannot meet tax liabilities.
To give you an example, let's say I inherit a 500 acre arable farm with a farmhouse on it, several barns and grain sheds, a couple of tractors, a manitou, and a combine harvester. Let's say it's worth 5 million.
Average farm net worth is £2.2m. Worth noting that most farms this value (£5m) tend to be land owning farmers rather than tenant and falls into a very slim top percentage.
So I realise that I'm going to have to sell 40 acres of fields to cover the bill.
Yes, in this story – you should. Sell them so people can build houses, solar, turbines or more agriculturally diverse smaller farms and save us all.
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This is pretty concise and from what I can tell, accurate.
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Not just that but also in step with wider societal trends re: fall in handing down professions / vocations, a significant number of farm kids dont actually want to go into farming.
What happens then?
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I know we're talking IHT but on topic, due to the noise from Farmers there's going to be plenty more industrial agri hit pieces over the coming weeks.
When inspections did take place, 22% of farms were found not to meet animal welfare law standards but only 1% of non-compliances were prosecuted, a slight increase from 2018-21.
The plus side being more people will hopefully understand how fucked parts of agricultural practice are in this country, in terms of welfare, ecocide, economic viability of food production, farmer class priveleges, etc.
There needs to be a serious conversation about responsibsilities of entities that provide in essential sectors like food production, that also already receive incredibly heavy public purse subsidies (that invariably partly gets creamed into private profit). State needs to get serious about taking interests in agri if anything as a better foothold to regulate (practices and prices/value).
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Wait I thought we weren't allowed to do this to r flag
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Yeah, I think it's possible to squeeze some extra months out of a bike by fettling stem, bars, post.
We just put slightly longer stem, risers and taller layback post on son's Frog Tadpole Mini whilst we wait for him to graduate to pedals.
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Please just put the wealthy landowner class out of their misery and nationalise food agriculture. Make farmers civil servants with a good pension and a property tenure.
Also, the absolute state of farmers posturing in the news over the last few days about "protecting the countryside" as if farming isn't a highly industrialised and bio negative practice in the round.
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Been secretly hoping somebody does the crisps equivalent of a polaroid / impossible company and buys the the recipe to relaunch them.
They cant just be gone, right?
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The black cloud is nary a mention of Phileas Fogg Mignon Morceaux in nearly sixteen years of this threads existence.
Also wheres the Brannigans commemoration discourse? Never forgive never forget
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wtf
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Fact check
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Or do you mean the Auer toolbox system?
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Also depends on lid style, that was just with the pressfit (internal lip)
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Depends on size. Found with the larger sizes that the long sides can bow.
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Every sales thread needs this sort of sound financial advice.
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What covering is it, the Osumi?
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Ding ding ding. Yes pls
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Yet another cargo long tail bike lonely hearts.
Required for kid portage. Ideally kit or frame only but would consider reasonably priced complete.
Non-electric.Anyone?
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Great. We're scratching our heads. Our 2 1/2 year old getting too bulky for the Yepp with winter garb and we're on edge with weight.
Commute for childcare is 25-40 mins. Wondering if thats a long time to ask him to be in the saddle.
Whats it like with unexpected bumps ? (in the road, not the belly)
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What age did you use the shotgun from?
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+1 for the Thorn Expedition + Expedition Lite. Great utilitarian racks.
Unrelated… any Xtracycles gathering dust out there? Slim pickings on eBay / Marketplace
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Well, there's a thread for that!
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Sure, but it was directly related to the discussion. Sky News' about turn on a story, pushed by a pro Zionist editor is ... Pravda. We were just talking facts
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