Professor explains how inheritance tax loophole crippled British farming
Paul Cheshire says the tax loophole simply created "impoverished millionaires who claimed a need for more support".
www.thelondoneconomic.com
Prices of the electricity we use to charge
- Thread starter flecc
- Start date
www.thelondoneconomic.com
Clarkson? What's he got to do with it?
Ad hominem | Definition, Fallacy, Bias, Examples, & Facts | Britannica
Ad hominem, type of argument or attack that appeals to prejudice or feelings or irrelevantly impugns another person’s character instead of addressing the facts or claims made by the latter. Ad hominem arguments are often taught to be a type of fallacy, an erroneous form of argumentation, although
www.britannica.com
Professor explains how inheritance tax loophole crippled British farming
Paul Cheshire says the tax loophole simply created "impoverished millionaires who claimed a need for more support".
Ad hominem | Definition, Fallacy, Bias, Examples, & Facts | Britannica
Ad hominem, type of argument or attack that appeals to prejudice or feelings or irrelevantly impugns another person’s character instead of addressing the facts or claims made by the latter. Ad hominem arguments are often taught to be a type of fallacy, an erroneous form of argumentation, although
www.britannica.com
Farms (also family businesses) get the first £1mil tax free.
The rest gets reliefs. In case of a farm, grazing land, the farm house, farm shop etc. In practice, farms up to £2 mils in value will be passed on practically tax free. The excess is charged at 20%.
The number of farms likely to be impacted each year is likely to be around 500 from 2026.
If I passed on a house worth £2 mils, £325k is tax free, plus £175k at nil rate, then 40% on the rest.
Honestly, do you still think they are hard done? How many of us inherited a cool £2 mils tax free from our parents?
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Farmers Protest LIVE: French Farmers Rally Against Mercosur Trade Talks & Foreign Competition | N18G
French farmers block road near Paris with tractors | Farmers Protest LIVE: French Farmers Rally Against Mercosur Trade Talks & Foreign Competition | CNBC TV1...
www.youtube.com
The youngsters are not hard done, far from it. My protest is about how the minority of privately owned family farms will end up as unproductive land and the young lost to farming. It's been going on for many years and is why so many of our farmers are pensioners with no-one to follow. Why vast areas of the North Downs here are vacant investment land producing no food.
And that is only touching on the real problem of our stupid policies. Elsewhere huge tracts of our farm land are being turned into national forests in the green agenda. Our Dairy farming formerly supplying the whole of or dairy needs has been greatly reduced, the EU to blame for that. We no longer produce all of our pork and bacon.
The failure to reward farmers to produce real food for our needs has led to extensive non use of farms for food production. Such uses as growing lavender, flowers and exotic foreign plants as so called superfoods. Not producing anything such as turning the land over to holiday stay chalets, childrens farms, leisure trails, off road riding and driving areas etc.
So we increasingly feed our rapidly expanding population by importing. I well remember how bad it was in WW2, heaven help us if we have WW3 with shipping in all that food cut off.
We have never been as vulnerable before in all of our previous history.
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Professor says loop hole created 'millionaire farmers claiming need for support'
A London School of Economics professor has blasted "impoverished millionaires who claimed a need for more support".
www.echo-news.co.uk
Is he qualified?
Who paid him?
Is there any e-merit-us in what he says?
A pro-fessor (knows nothing about farming) from London (not famous for its farming) School (should stick to teaching?) Of Economics (like the one who pretended to work for BOE?).
Now the above may qualify as just an ad hominem on Paul Cheshire? (can he make cheese?). Or alternatively abolish inheritance tax, on Family Farms, and there is no Loophole!
the solution is surely to make a career in farming more attractive?
Taxation is to redistribute resources, if you take some money from the 500 richest farmers to spend on improving the working life of 100,000 farmers then what's wrong with that?
Yes - France has no borders, except with England and doesn't event attempt to check who is coming, as long as they are not British.....
Of course as everyone knows, we British are the real threat. We might smuggle in a sausage or a steak pie... Speaking of which.... I'm peckish.
But you'r old fashioned Flecc. (sarc)
Don't you know, real farms produce co2 and cows have flatulence which is METHANE!!!
We should all eat super foods like flowers. Then everything would be lovely. The last thing you should be eating is pork, or bacon, or beef, or lamb and worst of all milk!!!
If we did this, the misanthropic left would like us all better - or would they? I think they just hate people - especially white ones, and men especially, and people who know what sex they are.
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Of course, as I said make real farming pay for everyone. But we dont do that, instead our idiot politicians just make matters worse with stupid policies which progressively kill so much of our farming.
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50 largest farms in UK
List of Top 50 largest Farmers in the UK • BoldData
List of largest 50 Farmers in The United Kingdom. Get accurate data with the number of farmers in UK by region, industry and revenue
bolddata.nl
I was joking before about the steak pie. I'm having that for lunch tomorrow. Tonight I have left over curry from last night when I wined and dined my partner. It's a good recipe:
3 medium onions chopped fine
half a red pepper
2 chiilis (Sainsburies grade2 for heat).
I tin chopped tomatoes
500 grms of chicken thigh fillets
2 heaped tea sps of garam masala (I sometimes add cumin - 3/4 of a tea spoon).
1 good tea sp table salt
tomato pure
3 cloves of garlic
Coriander leaves fresh
three or four cooking tomatoes.
Heat large pan and fry chopped onions, peppers, chopped chillis, in a table spoon of olive oil until soft.
Add garlic and salt and stir into vegetables
Chop chicken thighs into suitable chunks and stir into vegetables
Add salt, and spices - stir but don't let it burn.
Add tin of chopped tomatoes and stir on high heat until mixture comes to boil. May need a LITTLE water - but not too much.
Add a squirt of tomato pure if you like.
Cover and simmer for half an hour, keeping an eye on water content. If it gets too dry, add small amounts of water. You should aim for a thickish sauce - not watery. Play that by ear / eye.
Boil rice. I favour American long grain easy cook rice these days.
Cook rice for required time. 10 minutes Basmatti or 15 minutes for A. Long Grain.
When meat has been cooked for 20 minutes to half an hour, cut up salad tomatoes and stir into mix with plenty of coriander leaves and cover - no heat -just let it settle while rice is cooked.
Strain rice in sieve and rinse with boiling water. Allow to drain completely and serve.
Goes well with good red wine or beer - as you like.
I have made many curry recipes over the years, but favour this one these days over those with loads of butter and ghee. I used to love those but cholesterol is higher with more fat. In times past I added many more spices and curry leaves. taste changes maybe.
Process takes about half an hour if you are organised.
3 medium onions chopped fine
half a red pepper
2 chiilis (Sainsburies grade2 for heat).
I tin chopped tomatoes
500 grms of chicken thigh fillets
2 heaped tea sps of garam masala (I sometimes add cumin - 3/4 of a tea spoon).
1 good tea sp table salt
tomato pure
3 cloves of garlic
Coriander leaves fresh
three or four cooking tomatoes.
Heat large pan and fry chopped onions, peppers, chopped chillis, in a table spoon of olive oil until soft.
Add garlic and salt and stir into vegetables
Chop chicken thighs into suitable chunks and stir into vegetables
Add salt, and spices - stir but don't let it burn.
Add tin of chopped tomatoes and stir on high heat until mixture comes to boil. May need a LITTLE water - but not too much.
Add a squirt of tomato pure if you like.
Cover and simmer for half an hour, keeping an eye on water content. If it gets too dry, add small amounts of water. You should aim for a thickish sauce - not watery. Play that by ear / eye.
Boil rice. I favour American long grain easy cook rice these days.
Cook rice for required time. 10 minutes Basmatti or 15 minutes for A. Long Grain.
When meat has been cooked for 20 minutes to half an hour, cut up salad tomatoes and stir into mix with plenty of coriander leaves and cover - no heat -just let it settle while rice is cooked.
Strain rice in sieve and rinse with boiling water. Allow to drain completely and serve.
Goes well with good red wine or beer - as you like.
I have made many curry recipes over the years, but favour this one these days over those with loads of butter and ghee. I used to love those but cholesterol is higher with more fat. In times past I added many more spices and curry leaves. taste changes maybe.
Process takes about half an hour if you are organised.
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"But cash from investors and institutions is being directed towards sales with *non-agricultural income streams* and long-term strategic *development* appeal." Kerching!
www.fwi.co.uk
..."the crown estate..". So is Charlie cashing in his chips?
Who is buying Britain’s largest farms and for how much? - Farmers Weekly
The level of interest in the UK’s largest farms and estates is closely linked to their diversity and potential for buyers to add value. Agents report bidders at the top of the market have become increasingly discerning and – despite not being awash with options – are willing to wait for the...
www.fwi.co.uk
Bravo!
Real Farming at 1100 feet asl in the Pennines end of March.
Ewe found dead on high field lamb extracted also lifeless.
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Which bit ?And the website spams with cookies!Ad hominem | Definition, Fallacy, Bias, Examples, & Facts | Britannica
Ad hominem, type of argument or attack that appeals to prejudice or feelings or irrelevantly impugns another person’s character instead of addressing the facts or claims made by the latter. Ad hominem arguments are often taught to be a type of fallacy, an erroneous form of argumentation, although
“The inheritance tax loophole on farmland, introduced in 1984, simply pushed up the price of land without improving returns to active farmers.
“This is because, like most agricultural subsidies, the value of the relief was capitalised into land values. As tax planners cottoned on to its role as a licence to avoid IHT, they advised their super-rich clients to buy land and take advantage of it. In the 20 years to 2012, the price of farmland increased fourfold.
“This turned landowning farmers into millionaires but — especially since land represents a cost of production — did no good to the incomes of food producers. It created impoverished millionaires who claimed a need for more support. At the same time, because more expensive land had to be squeezed even harder for the last drop of revenue, the environmental damage caused by intensive agriculture was made worse. Taking at least some of this tax loophole away will do no harm to family farmers but will help both public revenues and the environment.
“Just a shame the relief was not wholly abolished.”
AHA tenancies and succession explained
With changes to farm tenancy succession due to come into force from September next year, NFU Legal and Technical adviser Louise Smith explains the key procedures and actions you may need to take.
www.nfuonline.com
What a coincidence? Another tentacle of the Uniparty?
And they're not kulaks, just poor tenants!
"We have never been as vulnerable before in all of our previous history." flecc
Too true.
Did you know that the Nordic nations (Sweden and Norway) are sending out civil defence pamphlets warning the population to lay in a month's supply of necessities?
I have kept a month's worth of food in house since the Russian invasion of Ukraine and also a longer term food store of 30 kilos of wheat and a hand grinder. In the current instability - especially since permission to use ATACAMs on Russian territory, I suspect that most people in the UK have NO IDEA how vulnerable the just in time food delivery system is. Can you recall how the supermarkets emptied at the beginning of covid?
If things got a bit awkward with the Russians - the shelves would be empty in two days.
Edit:
There may be a mistake above here. I thought I saw a reference this morning in the press to a request that people lay up necessities for a month. On the BBC website this evening it saus a week.
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You don't need a large farm for it to be valued at more than a million pounds. of course the return on the money if you had to buy it would be risible.
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