@@edwinbrighty5678 Never heard of tax exempt being cultural. It was really difficult to listen to Charlie - he's quite obsessed with the view from his house over a fair balance of taxation within the country.
People say they hate the idea of big global companies putting small independent shops out of business...... yet everyone still goes to the supermarket because it's cheaper.... why is this different?
@RoryLuciano Your delusional if you think it makes any difference.... You live In a democracy... Elections are every 4 years .... Where were the partitions when the conservatives destroyed the NHS ... Or schools falling down Or cuts to council funding... You were all strangely quiet then !!!!!!!!!
The fundamental issue with farming is that the cost of farmland is no longer related to the income it can generate, but the inheritance tax it can save. Hopefully the result of this law change will mean farmland values will fall back to sensible levels so genuine farmers can once again buy farms and farm them (like 70s) and the rich city bankers will sell up at a big loss
Unfortunately by the time that happens, it will have crippled a generation of family farmers. The government *should* just take the day or two of effort it would require to put together a policy that hits millionaire/billionaire tax dodgers and not actual farmers. A bunch of farmers have already outlined ways that could happen, as real farmers aren't interested in farmland being owned and not worked. Government should also step in to regulate supermarkets making farming unprofitable without huge subsidies. Don't think tackling big business and the actual rich fits with Reeves' agenda though.
@AlexHamilton86 Well I thought that but the argument from farmers is their now £10m farmers which generates £40k profits can't afford the taxes to keep the land wouldn't a 80% drop solve everyone's problems? farmers keep their farms, ok they are no longer paper multimillionaire but it waant about the cash value right...new farmers can buy land, existing farmers afford to expand.. only people hurt are those who bought to save inheritance tax.
@@AlexHamilton86 By the time this kicks into play Labour will have been replaced by Reform or the Tory's and this policy will have been scrapped. This is scaremongering by the farmers union and the right wing press, and they know it. What the farmers really want is a 25% rise on their produce paid for by new subsidies.
i thought he was a farmer for all the mouth he was giving james at the start of it all... turns out he's outraged on behalf of a group of people. the same types would call anyone on the left doing that a snowflake, how times have changed!
I would hope that he has, actually, and that he did so cheerfully. Not all peers have that ability, mind you, and that has always been kind of the point of aristocracy. You as the eighteenth-generation heir to a dukedom or an earldom with lands and an income attached, are expected to keep things productive so that the next generation can keep it going when you shuffle off this mortal coil. The problem for a lot of these toffs is that they either couldn't or that they chose their own personal pleasures above the long-term benefit to their holdings and the title. The 20th century brought a lot of this system to its knees, so now it's a very few, very savvy and perhaps a tad unethical "nobles" who have come to thrive under the new system. The great houses of Britain are either museums, government satellite offices or in the hands of very-untitled but very wealthy individual families who don't care about anything but their own immediate net worth.
@@kellyvaters1689 what brought the landed gentry to their knees during the 20th Century was not nobles who preferred hedonism over managing their estates, it was two world wars, particularly the first. The gentry were expected to join up and fight and, due to their educations and upbringings, they were invariably tasked to become officers. Have a little look at the casualty rates for officers on the Western Front in WWI. When their sons were killed in the war, the owners of many grand estates had no heirs and, upon their deaths, their assets were taken by the state. That's why so many of the country's grand country piles fell into ruin between 1920 and 1950, with many being destroyed by arson and subsequent demolition in the 50's and 60's.
Most of the land in trusts he dosnt own the land and neither will his son you obviously have a smart phone Why don't you look it up it only takes a couple of minutes rather than ask
@@Stantheman848 I bet he would have been happy to suggest cutting welfare and other support services for the less fortunate in order to cover not raising his inheritance tax, that's usually the case with these rural right-wingers. Which I would argue certainly is evil.
An electrical engineer from Weymouth who is anti solar panels & wind farms… no wonder he’s so cross. It must be immensely difficult to resolve the many contradictions floating around in Charlie’s head.
He certainly doesn't understand that solar panels aren't built on tarmac and environmentally the land they end up on is probably less monocultural than endless pesticide-riddled rows of one single crop.
I live in a rural area. A neighbour has a salaried day job, but owns land and keeps a flock of sheep. Her SUV, diesel, garage bills, tyres, outdoor clothing, repairs to property, etc. are allclaimed against income tax. She uses her SUV about twice a year to haul a livestock Trailer, 99% of her driving is her daily commute to work. In addition, she receives all the payments, subsidies and grants that farmers can get. In my work, the head of department also had a family farm. He always asked for a receipt when buying his lunch in the canteen. I never saw anyone else do this. I wonder what that was about. In my experience, the self-employed people I know do the same thing regarding expenses, dining out, trips somewhere. It seems to me only the PAYE people and a minority of others actually pay the tax they should, they are the tax cow for all the rest who are 'at it'. The farmers are squealing because having had preferential treatment for years, they are aggrieved at being treated like everyone else. There's an awful lot of Range Rovers and Discovery 5's at the sheep shows I've been to, and in the Highland Show car park. Sure there are also poor farmers, but the agri barons are having a laugh, or were.
You've completely missed the point if a 2 million pound farm gets passed of that's over 300k in tax if they can't pay it then they will have to sell our precious farm land to property developer. This is already happening every where without this tax and is going to get much worse. This conversation is not about fairness but necessity. No farms means no people
@@matthewm5074 1) if it's a family farm and both partners are alive, they can actually pass on a farm worth up to £3 million without paying any tax. 2) if it's not a family farm, and it's worth 2 million, it would actually be 200k of tax, not "over 300k". This is because the first £1m isn't taxed, and the next £1m is taxed at 20%, hence 200k. Not a pittance, but only 10% of the total land value. On top of that, it can be paid over 10 years, interest free, unlike other forms of IHT.
under the new inheritance tax laws 462 farms would be affected, charged 20% (above £1 million) as opposed to 40% (above £325,000) for everyone else who has to pay inheritance tax, the farmer would be able to pass on £1.325 million, if a farmer is married, his or her spouse would be able to pass on another £1.325 tax free, making the total £2.65 million tax free, farms below about 200 acres, at present prices would not pay any inheritance tax. when "king" charlie inherited his money or when the current duke of westminster inherited around £9 billion he paid not a penny in inheritance tax, that is a crime against society.
Farms below 200 acres would be unviable. An arable or livestock farm only becomes viable to support a family modestly at about 400-500 acres. A 400-500 acre farm with a house and £1m machinery would form an estate worth at least £5m. Even if there is a spouse exemption, we are talking about a £400k tax bill on a farm that probably makes £50k profit in an average year. In some years, a farm of this size would make a loss. You seem to understand how the tax would be applied but you have no idea about the farming economy and the values involved. There are farms under 200 acres that would be viable but these would be intensive systems (e.g. poultry) and are much rarer than extensive livestock and arable farms.
In The Farmer's Weekly, their annual sentiment poll in 2022 revealed that 72% of farmers were Tory voters, and less than 21% were considering other parties ! And this at the time of Lizz Truss' Prime Ministership! I think that tells you all you ever need to know about farmers.
A recent survey done by Science Direct, Journal of Rural Studies, showed that 60% of farmers voted for Brexit. This study was produced using survey techniques where the participants are completely anonymous and, therefore, are not inclined to give false replies to questions due to embarrassment or shame. Further, other data flattening techniques are employed to double check the validity of the data. So, as demographic groups, farmers and Fishermen voted in the highest national percentages to ruin Britain. But now Farmers are crying about having to pay the "same as everyone else" to repair the damage caused by their greed !
I don't remember this fuss when universal credit was cut for the poorest in the country after covid. Nobody said a word about the cut to assisted living allowance for the severely disabled under the Tories. But now multi millionaires have to pay tax like ordinary people and the right wingers heads explode. 🤯😡🤬
@Minimmalmythicist It's an easy bogeyman but, council house privatisation really didn't reduce the supply of housing as they were sold to the people already living in them. The main issue is demand has shot up and new supply didn't keep up. E.g. the population grew, and needed more houses per person (marrying later & divorcing more often), whilst building of new houses dropped massively after WW2 (3% p/a in the 30s, 0.5% p/a today).
@Minimmalmythicist They didn't compete with them though, because they also had the ability to block any private building (which they used, and still do). You can't be both the referee and a competitor. By blocking most housing projects not built by themselves, councils did increase their share of house building, but they killed the private building market so the actual number of houses built collapsed. In 1978 (before right to buy) the number of private houses was increasing by 0.6% p/a, in the 1930s it had been 2.5-3.0% p/a. That's the effect of planning reform favouring council housing.
@Minimmalmythicist I gave a year because it's the last one before Thatcher. Happy to discuss literally any other year in the post-war era, as they all tell the same story. If you don't like 1978, private building in the 50s-70s averaged 0.8% p/a, in the interwar years that was 2% - that is the consequence of the 1947 planning act which gave local councils total control over the building of houses. To be clear, I'm not trying to defend right to buy as there are other critiques you could fairly level, I'm just saying it's not the cause of the problem you're focused on. The solution to a supply shortage caused by the govt. limiting supply is not to get the govt. even more involved in controlling supply. If we changed the laws to a rules-based zoning system, as opposed to a case-by-case council planning process, you would solve this problem.
@Minimmalmythicist I've given you an average, that's not cherry picked its the entire period - what do you think is misleading about it? The entire period between the end of WW2 and the start of right to buy, saw private house building far lower than its pre-war levels. There's nothing sneaky about acknowledging the housing policy brought us council blocks that have since caused social and health issues, and built far fewer houses than before, was already disastrous, long before right to buy came along.
@@HowardWimshurst what do you mean by equality? Do you live your life comparable to a farmer, do you do more or less work; are you in a position to just step outside and start to farm? Should farmers be expected to live and work in the same conditions as you? I hope your house or flat has a garden… a big one. Societies that applied ‘equality’ to farming generally experienced mass starvation, sadly not equally, it was equal food for equal output so it tended to be women and the elderly who starved first, and of course during Maos famine they ended up having to eat their babies… but I’m sure you know what your doing.
@@brettyates7054 He means equality of rules being applied. The inheritance of an asset or estate is subject to taxation. It doesn't matter if it's a house or farmland, if the value is above a certain threshold, you pay tax on it. True patriots consider paying tax a privilege as its how the fabric of their country is maintained.
That is the angriest caller I have ever heard calling into James O'Brien. If he was in the room with James I am sure he would have physically attacked him.
Because that should not support far right empire wants either Stay Out by Brexit, whoever join any local nationalism party, and expect (not all Ai wanted generated all scoring points, but) the United States - Trump, is back. Especially this Angry Farmer wanted UK economy live of pride! What a whole for a world of absolutely Imbeciles - ever bad angry farmer wanted, others(?) - THEY ARE!
I doubt it, he’s one of those keyboard or in this case phone warriors… If he were in the same room as James, he probably wouldn’t have said anything at all. 🤷♂️
@ no he didn’t 😂 the dude got made to look like an absolute helmet and as a result resorted to just screaming and shouting at obrien He’d lost the argument and couldn’t face it - £3m farms, that’s were you start paying tax. Now ask me to feel sorry for them
It's vital that James Dyson can park his obscene wealth in farmland and assets, so he can avoid inheritance tax, because he makes a decent vacuum cleaner. (He doesn't, his vacuum cleaners and hand-dryers are 💩💩💩).
@@christopherclarke2083I mean to be fair not a lot to graze under the shadow of a solar panel. Not a lot to breathe carrying on with fossil fuels though of course..
@@martinwest7250 Are you not aware the sun moves? The land under solar panels isn't necessarily in perpetual darkness, and grazing around solar panels is already a thing - it's called solar grazing in fact! (And a bit of a win-win, given the animals get their feed and it stops vegetation overgrowing the panels)
Can't stand James O'Brien. He uses his public platform to promulgate his views while happily talking over guests. How can anyone develop an argument when being constantly interrupted. Shut up and let the viewer decide the truth.
@@michaelgilchrist2831 Does calling people 'idiots' usually bring them around to your way of thinking? You people are just arrogant and abusive, and you rely on bullying to try and win debates, because the truth is not on your side.
@@voodoochile333 ...and you do realise that Alan Partridge was/is a fictional character, right? ...as fictional and as made-up as I suspect 'Charlie' was from how that call went.
@coppershark1973 no he's not, the farmer knows far more about farming than Obrien thinks he does. Charlie absolutely made Obrien look like a right muppet
@@coppershark1973 what one thing did he say that was right? All he did was talk over Charlie and didn’t let him finish a single point. He just wound him up and didn’t have any kind of constructive conversation.
@@totalprecisioncarpenter5922 “why should anyone pay any inheritance tax?” To prevent the outsized power given to the wealthy over the rest of us. Prime example - Elon
@@totalprecisioncarpenter5922 When we all pay our fair share of inheritance tax then we can have that conversation. At the moment, the most asset rich demographic in the country are getting luxury tax breaks.
The guy states hes an electrical engineer obviously not a farmer . If I was to inherit a farm ,even after tax ,I would be richer than I was yesterday .Greed and tax evasion is his main driver .
And what about when it isn't the main diver? When you've just got a family farm that has been worked on for generations and now you're having to pay 20% tax on the value, an amount that will on average tax 10 years profit to pay off. It doesn't seem right to me to tax our source of food so heavily, maybe if you're worried that anyone should actually make some money in this country, you could tax the sale of farm land.
@@Harry-TramAnhthe rest of the uk pays 40%, averaging a job which pays less per year than a moderately sized farm of 500-1000 acres does (50.000-100.000 sqm) and you complain about a farm that could rake in northwards of 150k per year...
As much as charlie doesn't know the figures, this is really going to shaft farming families.... but hey food isn't important at all is it ??? And on a another topic, you dont win a debate by being a rude and condescending tw@t, he makes his money by berating, bullying the working class, the poorest in society, and also then sits back and defends pedophiles calling them "lonely", this man is absolutely deplorable and wouldn't open his mouth in a face to face situation where there are no cameras or security, bullies are always the biggest cowards!!!
He's not entirely wrong though, the value of land has been increasing at a rate higher than inflation since 1982, and especially from the mid 1990s, specifically because wealthy people have been buying up large tracks of farm land to avoid tax. I hope that once this policy gets put into practice that value of land will reduce because the rich don't see any advantage in buying it anymore in which case ordinary farms don't need to worry about IHT much.
You need to couple that lack of understanding with the presumed value of a farm, the value is only relevant in a sale, without the sale (inheritance) the farm is worth what it cost originally.
@parametr or you could explain what your point is, seeing as you say people "just don't get it". But when you are asked what you di mean, you don't want to say anything. Why is that?
Well an estate agent makes a ton of money, and if his business fails no one is at threat, all estate agents could fail but we'd still find a way to buy and buy/sell houses. If farmers are forced to sell off their land to pay a massive inheritance tax bill and they then build properties on it or a put in a solar farm on that land then we all lose out because we need food to survive. Humans need food to survive, we need a home but don't really need estate agents - without farmers and without food we die. Surely there needs to be reasonable incentives for farmers to continue in a tough industry which makes little profit, and provide not only food but continue to be custodians of the countryside.
Want to add, when James hateful obrien realises he he losing the argument his smug false smile starts to drop. He even dares now to suggest it was a hoax call, just because 1 of thousands dare say they hate him. I say again please call again Charlie.
I live in the countryside, have done all my life, grew up around farms and worked on them as a kid! 90% of those farms are no owned by executives and bankers and are more hobby farms for the Clarkson/vinny jones wannabes! I feel for the small farms as I know these guys get paid peanuts from the supermarkets for what they produce and the diary industry is a perfect example of this.
Perhaps the government would do well to only apply the inheritance tax to first generation land owners with assets valued over £3m or, as Clarkson himself has suggested, those whose primary income source doesn't come from farming? Clarkson would fit both of those requirements. He accepts that he should pay his fair share because he knows that he is not a typical family farmer and that he has enough cash to survive irrespective of how much profit his farm generates. It's to his credit that he is standing up for the farming community and being honest about the struggles they face, he could quite easily have sat back and said 'I'm alright, Jack, so F the rest of you', like Vinny Jones and James Dyson have. A friend of mine who runs an agricultural machinery repair and maintenance business said that by creating 'Clarkson's Farm', Jeremy Clarkson 'has done more to highlight the struggles faced by the British farming community than anyone else in the last fifty years'.
@@PeachesandCream225wronggggg ⚠️ the estate can be worth millions but that doesn't mean the farmer is cash rich, your house can be worth 500k but does that mean you have that in the bank? Noooo
@@PeachesandCream225 you mean £3m if it’s going to your spouse or kids and you’ve got 10 interest free years to pay it and it’s half the rate at 3 times the cap of regular inheritance tax And currently only 100ish farms out of over 200,000 are worth more than that
Why , the caller is really angry about a policy he doesn't understand and is comparing it to 84. IHT is based on percentages not ridiculous feelings like his. What an angry person.
@@kimsherriff3962 he does understand the policy... what is there not to understand. If you own a 5 million pound estate that produces food worth 50k a year and your parents die leaving it to you... you have to find 400k for tax funded by a business that makes less earnings than a teacher....... the system is broken by our greed for cheap food so it needs government assistance for farmers and not beating with a stick.
@@kimsherriff3962haha the caller is angry? You clearly chose to ignore that James actually starts shouting at the caller first 😂 typical liberal ignoring reality
I mean an average £30k farm profit a year these days... its not exactly a great money spinner is it, many farmers have sold up in the past thirty years due to declining profits
The point he was making that nobody seems to have noticed is that when most people inherit their parents house, the house is a bonus, an extra. The tax they pay on it is inconsequential to their living, it’ll mean they’ll probably have to sell the house to pay it off but so what, they don’t need the money or the house, it’s better than nothing. For farmers over the threshold, and for adults who share their living situation with their parents, inheritance tax means the loss of ‘their own’ home: the place they’ve lived and worked their whole life. It’s a very different experience to that of the average person.
@@glasgownative81 You say that like they own Rolls Royce’s and go sailing for 3 months out the year, and not like most of their wealth is in land and other assets that they use to farm.
@callumscott5107 am sorry but trying to get me to sympathy for people worth millions having to pay tax will never happen. If they sold their farm they could go on holidays 3 times a year
@shaun-y7r He's easy to figure: that 'debate' style is simplistic. Someone with brains wouldn't let him play the games. That's not me; I'd get angry and talk too fast, which is the problem most of these people have. They have an agenda, and think "I'll show that James O'Brien." Then they open their mouths and look like idiots.
@shaun-y7r No, but then is true of any talk show host. LBC get accused of bias from the other side with someone like Ferrari. As for this call, the man was angry before he got on the call - maybe in anticipation of what might happen, but still. He was incoherent and blinkered, and JoB did what he will always do, and played out rope for the guy to hang himself. These people shouldn't call, but if they must call, they should come on with a narrow point in mind that they stick to. What was the point of asking JoB if he knew the price of arable land? Why didn't he stick to his point that if you or I inherit, our home isn't on the line. Not that that is true most of the time, with most farms;and in the UK owned by the Crown and agribusiness.
@shaun-y7r I'm seeing different stats to you. I've seen it said that over half of all farms are under 20 hectares, and would not pay tax under this arrangement. The targets are big landholdings. The threshold for where you'd pay tax, and this will depend on what part of the country you're in, is just under 90 hectares.
James O'Brien- Inheritance tax threatens the future of UK farming and food security. It burdens the next generation with debt they can’t afford, forcing them to sell or abandon their farms. We need policies that protect family farms, not destroy them. It's clear you simply don't understand the issue at all.
See how well breaking up farms does in Europe...they are largely unfixable in France without subsidies...its acash grab based on an outdated view of farmers as some sort of overich class
If someone is earning just £23k a year on an asset worth 3 million plus then they don't deserve the asset, what an incredibly wasteful return for the country.
@@babaganoush6106 Absolutely, Clarkson is a Dyson. People with so much cash they don't know what to do with, that they have nothing to do other than worry about being forced to contribute to the roads they love to drive on or the police that protect their obscene wealth and because they are such awful parents they don't even trust their kids enough to just transfer the inheritance before they die.
It will help Dyson and his like, now they can buy up even more land that farmers will be forced to sell, at cheaper prices and still avoid 20% tax compared to if they didnt buy it. The only people this hurts are the actual real farmers working hard every day to feed the nation and this is how our communist government treats them and the elderly while they give away money to corrupt Ukraine for an unwinable war that's nothing to do with us.
Not very intelligent. The guy that’s the looser here is Obrien. When he asks him to sell his land and the farmer rightly says who will buy it when the land is demarcated for food production and farmers , who have the farms for generations, will sell to avoid the inheritance tax. It’s an absolutely bonkers labour policy. Farmers don’t drive range rovers on £50k revenue a year before they account costs. They can’t. Watch clarksons farm and the £100 profit per year then you’ll get an idea how tough farming is. It’s about people making our food and being custodians of the countryside. They don’t realise the value of the land and their are strict tenancies on who the land can be passed too
@@13thnotehifireviews7 This tax only affects the top wealthiest farmers. I spent about 10 years delivering goods to farmers, some of my customers were absolutely loaded. No sympathy. Edit: And when I say "loaded" I mean farmers who owned, mostly through inheritance, thousands of hectares of land, and property portfolios with dozens of country houses. My wealthiest customer had a net worth of £70 million back in 2014, he's probably worth a lot more now because of land and property price increases.
@@13thnotehifireviews7 except 40% of farms have been purchased as Tax Avoidance schemes. Go back to searching for Brexit Unicorns and Sunlit uplands now.
@@simonc4483 What about supermarkets, allotments (like I have and grow/sell my own produce and help out elderly and those in need with free food) Co operatives, small holdings, greengrocers, butchers etc? I have to pay inheritance tax, why should someone else dodge it and have intergenerational wealth distribution but I can’t?
What an idiotic comment. You don’t get to be rich because your parents are! Inheritance tax is as fair as fair can be unless you are a farmer who is able to AVOIID IT or get it halved!
Here are the facts. 1) No IHT on land value under 1m and 3 mil if a couple. at 20% not 40% like everyone else 1/2 of everyone else. 2) Land prices have increased because rich people faking farming to enjoy the tax loop hole. Land prices will drop as they sell and farmers can buy at better uninflated rates and do what they enjoy. 3) Payed over time 10 years interest free time to pay it... INTEREST FREE !!! 4) On the Subject of Agri Equipment nearly all of the assets used in a working farm will attract either agricultural property relief (“APR”) or business property relief (“BPR”) at 100 per cent. This means that no IHT is payable at all on the transfer of these assets. 5) According to current tax information about 500 estates are actually affect a year out of 209,000 farm holdings as of 2023. 6) Affected only when the IHT is applied.. This not something that's constantly happening to any 1 individual all the time and can already be planned for and avoided... 6) 7 years time to gift it and even then its Tapered (3 to 4 years - 16%; 4 to 5 years - 12%; 5 to 6 years - 8%; 6 to 7 years - 4%)
@@5uper5kill3rz No one else has 10 Years an No Interest to pay. You can pay 0% if planned and even then its tapered, Everyone else is subject to IHT... Most importantly it affects literally only the Most wealthy not the average farm, ill say again can be avoided, and its tapered... This is the same case of farmers being brainwashed the same way they were for Brexit. Make it make sense....
He's seriously trying to argue that he's hard done by, by being taxed at half the normal rate because he lives in the house he works out of... Unlike the majority of people who have to rent in order to live somewhere and will have to pay double a farmer's tax... Pathetic loser! I halfway wish they lies he spouts were true so that he would get absolutely hammered in taxes just out of spite...
I agree, he shouldn't be taxed at half the normal rate. He should be taxed at 0%, as should everyone else. It's completely nonsensical to have a 40% tax on the value of whatever you've saved when you die, when you've already paid tax to earn the money in the first place. All it does in incentivise people to spend their money on frivolous things before they die.
@5uper5kill3rz ermmm If they rent they are worse off. Their machinery and livestock will be over the £1m threshold, and they don't have a farm house to add to the estate. And, what happens when the landowner they rent from sell up? I had this chat with a farmer that rents just this morning. He is in the worst position of all of them.
He hasn't got much choice but to listen when he's talking to an emotional man toddler that can't control his emotions. It was one of the most embarrassing callers have ever heard on this radio station. The victim hood was cringe.
He does, if they are talking sense, if not they need to be interrupted otherwise there will only be one caller per show. I'm pretty sure you only object to the callers you agree with being interrupted.
@TheySavedSoldeedsBrain it'd be easier to list the subjects he _actually_ knows half a fraction of a crumb about... He was offered that option; to make more money, performing a societally and environmentally advantageous act, whilst keeping his asset; he turned it down. He is committed to being contrarian, and misrepresentation of the opposition's position.
Well, as the guy tried to say before he was being interrupted by James. If you work on a family farm and your parents die. If you then can’t afford to pay the inheritance tax and have to sell your farm, that stops you from being able to do your job anymore and affects your personal income. This is a problem with a lot of the left, they claim this kind of intellectual superiority looking at spreadsheets in an office, but don’t think of the real practical problems people might face.
I agree, I think it would have been better if he had engaged with the caller instead of winding him up and trying to humiliate him. I think on balance the inheritance tax changes are fair in principle but saying that there may be farmers who will struggle to afford to pay it as it's taxing the value of their home is a fair point. The condescending manner and determination to turn conversations into a battle of wills is a big turn off for many, this is why I tend not to listen to JOB much, even though I often agree with what he's saying.
So I think the issue here is who wants a relatively small portion of land stuck on the end of a farm, and the answer might be a property developer or wedding venue or something like that, but that doesn't really help with food security and I'm not sure the point of the policy was for small to medium sized farmers to have to parcel up and sell bits of their land to pay the tax.
@@Soril2010 Do you really need this spelled out? Okay, fine... firstly, there's insurance which can cover inheritance tax. Plenty of plans are literally designed to do just that. Secondly, there are loans you can take out, with the land as security to cover the tax. Thirdly, with property you can choose to pay via instalments rather than a lump sum. Even assuming all angles are lost, the person(s) inheriting the land are the ones those millionaires are PAYING for the land. That means, they effectively get the land's value in money instead. Not ideal, granted, but it's a worst-case scenario for someone who can't afford to keep it.
@@Crystan Awesome so theres three options, all of which result in more wealth transfer to the banker/financial class and if you can't afford those, you can just sell them your asset instead 👏 Let's just speed this up and give the bankers all the farm land, what could possibly go wrong?
Lot of contradictions in this guy's argument. First he's a farmer, then he's not, he's an engineer. Therefore his parents own the farm, so he has his own house and livelyhood, but he's complaining that if he has to sell it to pay tax, he won't have a home or livelyhood. If I had my own house and career and my parents left me a £4m property, I would be laughing all the way to the bank and retiring early!
Unless you had siblings gone sneaky and tried to turn you out of your inheritance by mind affecting said parents and easing you out behind your back. Inheritance brings out the foulest worst in some folks.
Last occasion us townies failed to appreciate the countryside it was about fox hunting being banned. Now its about the impact on their inheritance or tax dodgers gaming the system a la Clarkson. Now their driving 30k+ tractors into the cities on subsidised red diesel asking et al to feel sorry for them.
They're also stopping ambulances from getting past. Just Stop Oil protesters were arrested for that and pilloried in the right wing media. No such outrage when the farmers do it.
James O'Brien - How to be right in a world gone wrong. Thank goodness I haven't read his book. The smugness to go with it means he refuses to listen as his point is the correct stance.
woke is pretending to be awake, progressive and virtuous whilst buying Made In China and supporting slavery and the rise of the biggest polluter and tyranny on Earth. Woke is a joke.
Generally, when a house is left to family members, it is sold and the cash realised and therefore taxed. When a farm is left, Generally the descendants / beneficiary continues to work the farm and the cash is not realised. No one is made wealthier (except on paper). If this tax must be brought in, then it should be payable, only if the farm is sold, say within ten years. That way, the true farming families will be able to continue producing food for our country. Those using the farm tax as a loophole would have to pay the tax in order to realise the cash. That would seem fair to me.
If e.g. James Dyson leaves his land to a young relative (grandchild or great grandchild) then 10 years isn't that long to wait to sell and avoid inheritance duty. How would you differentiate between those people (Dyson, Clarkson etc.) who have bought land for the avoidance of inheritance duty and working farmers? I have saved for 30+ years for my pension, so 10 years doesn't seem that long.
He’s an electrical engineer? Thought he said he was a farmer? He should sell all that bluster to the Grid and pay his inheritance tax with the proceeds!
Call yourself a presenter? An interrupter more like! And he thinks he knows what osr is! Buying pumpkins! makes you an expert then. How does this channel get any viewers other than peeps like me popping in once a year at best and then remembering why he hadn't bothered for the last year!
Normally I’m with James but the caller is right, parents die and you if you work on farm have to pay a tax to keep your job. Obvious answer is to sign ownership to multiple grandchildren asap
@@dylanwall696this is the problem with a lot of you LBC listeners. You just don’t get it. If all the farms are sold to say rich businessmen, they will destroy the remaining countryside we have. They will want to build houses etc to make money. It’s not just about money, it’s about saving the Uk countryside. I live in Cornwall and can tell you now the best part of this life is the beautiful countryside.
A lot of people over here (Probably most) actually take pride in paying tax.. and they look down on others who refuse to take part in this joke system. Willing slaves.
@@roryr8 Yeah the jealous left want everyone as poor as they are, no matter how hard people work. And then they wonder why services are falling apart and nobody is working hard enough to look after them.
Why don’t you sell some stuff? This is farmland not stuff… these people have been feeding us city folk for centuries, do not bite the hand that feeds you.
"Johns's gonna buy it." John was outbid by Blackrock. Blackrock has more money than John.
Larry Fink met with Kier. It so blaitant.
its free market, they can sell their excess land morally if they want to
@@Kousaburo Farage met with Trump. What's your point?
@Ffinity what's your point? Has Trump proposed anything in regard to the UK yet? We need to have that bit first in order to form an opinion.
@@gronxman1 He's proposed plenty, look it up.
I just hate the idea of farmland falling into the hands of big multinational corporations, and property developers.
It's fine if they get taxed too. Aslong as it's consistent!
@@martinsleight321it's more the cultural impact , areas of aonb being built over and food production waning. Did you not listen to Charlie?
@@edwinbrighty5678 Never heard of tax exempt being cultural. It was really difficult to listen to Charlie - he's quite obsessed with the view from his house over a fair balance of taxation within the country.
@@edwinbrighty5678 AONB shouldn't include farmland though.
People say they hate the idea of big global companies putting small independent shops out of business...... yet everyone still goes to the supermarket because it's cheaper.... why is this different?
"I'm the 2nd rudest person on the radio at this moment" 😂😂
Was a belter that
Sony award in the bag.
Isn't he entitled to be angry if he loses his farm?
Charlie is correct of course and James here earns way more than Charlie does, maybe he should pay more instead.
@@TheGava4Who said the opposite? Always pushing a weird narrative unrelated to the topic 🤷🏾♂️
The voice of the people versus the voice of the government.
@@ibexdnb2879 when were you elected to speak for the people... You do NOT !!
@@Lynnpjjbdndji 2.2 Million have already signed the petition i think the people are defiantly speaking
@RoryLuciano Your delusional if you think it makes any difference.... You live In a democracy... Elections are every 4 years .... Where were the partitions when the conservatives destroyed the NHS ... Or schools falling down Or cuts to council funding... You were all strangely quiet then !!!!!!!!!
@@RoryLucianothe very real petition
the voice of the people? the inheritance tax is going to affect 500 millionaires.
The fundamental issue with farming is that the cost of farmland is no longer related to the income it can generate, but the inheritance tax it can save. Hopefully the result of this law change will mean farmland values will fall back to sensible levels so genuine farmers can once again buy farms and farm them (like 70s) and the rich city bankers will sell up at a big loss
Thank you Stephen, some sense at last. Investers ruin everything they touch, houses, utilities, you name it!.
the land will not be bought by "new" farmers....that's nonsense
Unfortunately by the time that happens, it will have crippled a generation of family farmers.
The government *should* just take the day or two of effort it would require to put together a policy that hits millionaire/billionaire tax dodgers and not actual farmers.
A bunch of farmers have already outlined ways that could happen, as real farmers aren't interested in farmland being owned and not worked.
Government should also step in to regulate supermarkets making farming unprofitable without huge subsidies.
Don't think tackling big business and the actual rich fits with Reeves' agenda though.
@AlexHamilton86 Well I thought that but the argument from farmers is their now £10m farmers which generates £40k profits can't afford the taxes to keep the land wouldn't a 80% drop solve everyone's problems? farmers keep their farms, ok they are no longer paper multimillionaire but it waant about the cash value right...new farmers can buy land, existing farmers afford to expand.. only people hurt are those who bought to save inheritance tax.
@@AlexHamilton86 By the time this kicks into play Labour will have been replaced by Reform or the Tory's and this policy will have been scrapped. This is scaremongering by the farmers union and the right wing press, and they know it. What the farmers really want is a 25% rise on their produce paid for by new subsidies.
Can I just mention, this man doesn't represent all electrical engineers.
Obviously, a Jack of all trades!
Yeah, the ones I know can understand maths!
i thought he was a farmer for all the mouth he was giving james at the start of it all... turns out he's outraged on behalf of a group of people. the same types would call anyone on the left doing that a snowflake, how times have changed!
No, he represents farm-heirs. We all heard.
I don't believe he is an electrical engineer.
Does anyone ever wonder if the Duke of Westminster should pay his inheritance taxes ?
I would hope that he has, actually, and that he did so cheerfully. Not all peers have that ability, mind you, and that has always been kind of the point of aristocracy. You as the eighteenth-generation heir to a dukedom or an earldom with lands and an income attached, are expected to keep things productive so that the next generation can keep it going when you shuffle off this mortal coil. The problem for a lot of these toffs is that they either couldn't or that they chose their own personal pleasures above the long-term benefit to their holdings and the title. The 20th century brought a lot of this system to its knees, so now it's a very few, very savvy and perhaps a tad unethical "nobles" who have come to thrive under the new system. The great houses of Britain are either museums, government satellite offices or in the hands of very-untitled but very wealthy individual families who don't care about anything but their own immediate net worth.
And royalty
@@kellyvaters1689 what brought the landed gentry to their knees during the 20th Century was not nobles who preferred hedonism over managing their estates, it was two world wars, particularly the first. The gentry were expected to join up and fight and, due to their educations and upbringings, they were invariably tasked to become officers. Have a little look at the casualty rates for officers on the Western Front in WWI. When their sons were killed in the war, the owners of many grand estates had no heirs and, upon their deaths, their assets were taken by the state. That's why so many of the country's grand country piles fell into ruin between 1920 and 1950, with many being destroyed by arson and subsequent demolition in the 50's and 60's.
Yes, anti-monarchists of which there are quite a few.
Most of the land in trusts he dosnt own the land and neither will his son you obviously have a smart phone Why don't you look it up it only takes a couple of minutes rather than ask
Definition of evil. Stone walling and gaslighting.
He's brainwashed as are his listeners
100%
The farmer was just ignorant.. i wouldn't call him evil
@@Stantheman848 I bet he would have been happy to suggest cutting welfare and other support services for the less fortunate in order to cover not raising his inheritance tax, that's usually the case with these rural right-wingers. Which I would argue certainly is evil.
@@Arbaaltheundefeated i also bet he voted brexit... which is the ONLY reason for the £40billion taxes anyway.
An electrical engineer from Weymouth who is anti solar panels & wind farms… no wonder he’s so cross. It must be immensely difficult to resolve the many contradictions floating around in Charlie’s head.
Because unlike you he knows that green energy is a scam, its more expensive, causes mountains of toxic waste for landfill and is unreliable.
Cognitive dissonance! That poor guy must be torn!
He can't get any work because everyone is asking him to install solar panels and he can't help but rant at them.
He certainly doesn't understand that solar panels aren't built on tarmac and environmentally the land they end up on is probably less monocultural than endless pesticide-riddled rows of one single crop.
Why would you want solar panels all over the country side?
I live in a rural area. A neighbour has a salaried day job, but owns land and keeps a flock of sheep. Her SUV, diesel, garage bills, tyres, outdoor clothing, repairs to property, etc. are allclaimed against income tax. She uses her SUV about twice a year to haul a livestock Trailer, 99% of her driving is her daily commute to work. In addition, she receives all the payments, subsidies and grants that farmers can get. In my work, the head of department also had a family farm. He always asked for a receipt when buying his lunch in the canteen. I never saw anyone else do this. I wonder what that was about.
In my experience, the self-employed people I know do the same thing regarding expenses, dining out, trips somewhere. It seems to me only the PAYE people and a minority of others actually pay the tax they should, they are the tax cow for all the rest who are 'at it'. The farmers are squealing because having had preferential treatment for years, they are aggrieved at being treated like everyone else. There's an awful lot of Range Rovers and Discovery 5's at the sheep shows I've been to, and in the Highland Show car park. Sure there are also poor farmers, but the agri barons are having a laugh, or were.
She may be among those protesting and telling us how woke, lefty, taxing the Labour party has become
When you're used to privilege, equality feels like discrimination
@@seemymobot4987 And it isn't even equality!! It's just somewhat less privilege than they had previously!
You've completely missed the point if a 2 million pound farm gets passed of that's over 300k in tax if they can't pay it then they will have to sell our precious farm land to property developer. This is already happening every where without this tax and is going to get much worse. This conversation is not about fairness but necessity. No farms means no people
@@matthewm5074 1) if it's a family farm and both partners are alive, they can actually pass on a farm worth up to £3 million without paying any tax. 2) if it's not a family farm, and it's worth 2 million, it would actually be 200k of tax, not "over 300k". This is because the first £1m isn't taxed, and the next £1m is taxed at 20%, hence 200k. Not a pittance, but only 10% of the total land value. On top of that, it can be paid over 10 years, interest free, unlike other forms of IHT.
Shouting on the radio definitely makes you sound correct
It's the only way james deserves to be spoken to, plus he started shouting first. Maybe don't start what you can't finish.
@@bonvivant567I'm sure he'll get over it. Pay your tax farmer. And he will. Game over.
He certainly sounded correct about O'Brien. Horrible bitter little man living in his woke echo chamber.
Always wonder what people mean when they use the term woke. It seems a complete admission of ignorance and no valid argument.
@@sonofsomerset1695
@sonofsomerset1695 Yeah, being "woke" isn't offensive, you know that, right? He wasn't right at all, which is why he got angry.
THE MARGARET THATCHERS WORDS" GET ON YOUR BIKE CHARLIE AND FIND SOMETHING ELSE"
under the new inheritance tax laws 462 farms would be affected, charged 20% (above £1 million) as opposed to 40% (above £325,000) for everyone else who has to pay inheritance tax, the farmer would be able to pass on £1.325 million, if a farmer is married, his or her spouse would be able to pass on another £1.325 tax free, making the total £2.65 million tax free, farms below about 200 acres, at present prices would not pay any inheritance tax.
when "king" charlie inherited his money or when the current duke of westminster inherited around £9 billion he paid not a penny in inheritance tax, that is a crime against society.
Absolutely. This country runs tax free islands too. We know who uses them.
Farms below 200 acres would be unviable. An arable or livestock farm only becomes viable to support a family modestly at about 400-500 acres. A 400-500 acre farm with a house and £1m machinery would form an estate worth at least £5m. Even if there is a spouse exemption, we are talking about a £400k tax bill on a farm that probably makes £50k profit in an average year. In some years, a farm of this size would make a loss. You seem to understand how the tax would be applied but you have no idea about the farming economy and the values involved. There are farms under 200 acres that would be viable but these would be intensive systems (e.g. poultry) and are much rarer than extensive livestock and arable farms.
In The Farmer's Weekly, their annual sentiment poll in 2022 revealed that 72% of farmers were Tory voters, and less than 21% were considering other parties ! And this at the time of Lizz Truss' Prime Ministership! I think that tells you all you ever need to know about farmers.
A recent survey done by Science Direct, Journal of Rural Studies, showed that 60% of farmers voted for Brexit. This study was produced using survey techniques where the participants are completely anonymous and, therefore, are not inclined to give false replies to questions due to embarrassment or shame. Further, other data flattening techniques are employed to double check the validity of the data. So, as demographic groups, farmers and Fishermen voted in the highest national percentages to ruin Britain. But now Farmers are crying about having to pay the "same as everyone else" to repair the damage caused by their greed !
I don't remember this fuss when universal credit was cut for the poorest in the country after covid. Nobody said a word about the cut to assisted living allowance for the severely disabled under the Tories. But now multi millionaires have to pay tax like ordinary people and the right wingers heads explode. 🤯😡🤬
The average cost of a house in the United Kingdom in 1984 was £27,823
And the average salary was 8 grand and interest rates were in the teens. It's true housing costs have gone up, but important to put them in context
@Minimmalmythicist It's an easy bogeyman but, council house privatisation really didn't reduce the supply of housing as they were sold to the people already living in them. The main issue is demand has shot up and new supply didn't keep up. E.g. the population grew, and needed more houses per person (marrying later & divorcing more often), whilst building of new houses dropped massively after WW2 (3% p/a in the 30s, 0.5% p/a today).
@Minimmalmythicist They didn't compete with them though, because they also had the ability to block any private building (which they used, and still do). You can't be both the referee and a competitor.
By blocking most housing projects not built by themselves, councils did increase their share of house building, but they killed the private building market so the actual number of houses built collapsed.
In 1978 (before right to buy) the number of private houses was increasing by 0.6% p/a, in the 1930s it had been 2.5-3.0% p/a. That's the effect of planning reform favouring council housing.
@Minimmalmythicist I gave a year because it's the last one before Thatcher. Happy to discuss literally any other year in the post-war era, as they all tell the same story. If you don't like 1978, private building in the 50s-70s averaged 0.8% p/a, in the interwar years that was 2% - that is the consequence of the 1947 planning act which gave local councils total control over the building of houses.
To be clear, I'm not trying to defend right to buy as there are other critiques you could fairly level, I'm just saying it's not the cause of the problem you're focused on.
The solution to a supply shortage caused by the govt. limiting supply is not to get the govt. even more involved in controlling supply. If we changed the laws to a rules-based zoning system, as opposed to a case-by-case council planning process, you would solve this problem.
@Minimmalmythicist I've given you an average, that's not cherry picked its the entire period - what do you think is misleading about it? The entire period between the end of WW2 and the start of right to buy, saw private house building far lower than its pre-war levels.
There's nothing sneaky about acknowledging the housing policy brought us council blocks that have since caused social and health issues, and built far fewer houses than before, was already disastrous, long before right to buy came along.
To the privileged, equality feels like opression
Well said
Who’s the privileged?
@@ryanlawlor4873 You
@@HowardWimshurst what do you mean by equality? Do you live your life comparable to a farmer, do you do more or less work; are you in a position to just step outside and start to farm? Should farmers be expected to live and work in the same conditions as you? I hope your house or flat has a garden… a big one.
Societies that applied ‘equality’ to farming generally experienced mass starvation, sadly not equally, it was equal food for equal output so it tended to be women and the elderly who starved first, and of course during Maos famine they ended up having to eat their babies… but I’m sure you know what your doing.
@@brettyates7054 He means equality of rules being applied. The inheritance of an asset or estate is subject to taxation. It doesn't matter if it's a house or farmland, if the value is above a certain threshold, you pay tax on it. True patriots consider paying tax a privilege as its how the fabric of their country is maintained.
Mr O,'Brien is wrong.
That is the angriest caller I have ever heard calling into James O'Brien. If he was in the room with James I am sure he would have physically attacked him.
It's the Tory party in wellies.
He was definitely the rudest man that I have heard by a long way!
Oh you tease.😂
Because that should not support far right empire wants either Stay Out by Brexit, whoever join any local nationalism party, and expect (not all Ai wanted generated all scoring points, but) the United States - Trump, is back. Especially this Angry Farmer wanted UK economy live of pride! What a whole for a world of absolutely Imbeciles - ever bad angry farmer wanted, others(?) - THEY ARE!
I doubt it, he’s one of those keyboard or in this case phone warriors… If he were in the same room as James, he probably wouldn’t have said anything at all. 🤷♂️
James is a muppet.
Just sell! James, where does the food come from??? And it's not from the takeaway, my friend
The trail off of as he rants had me in absolute stitches 😂
it was the hand gesture that James did just before that which got me 🤣
Listened live, and I knew James would fade him out😂
@@peterf1966James fades everyone out, and I can't believe you actually listen to him live😂😂
Yeah O'Brien had to fade him out because O'Brien lost the argument.
@ no he didn’t 😂 the dude got made to look like an absolute helmet and as a result resorted to just screaming and shouting at obrien
He’d lost the argument and couldn’t face it - £3m farms, that’s were you start paying tax. Now ask me to feel sorry for them
It's vital that James Dyson can park his obscene wealth in farmland and assets, so he can avoid inheritance tax, because he makes a decent vacuum cleaner. (He doesn't, his vacuum cleaners and hand-dryers are 💩💩💩).
Whoo do peeps keeps on buyinem then.?
Didn't know farmers were against solar panels and wind turbines...
I thought they’d be all for them…..all well 🤷♂️
I've seen animals grazing underneath the solar panels - it doesn't have to be either/or.
@@christopherclarke2083I mean to be fair not a lot to graze under the shadow of a solar panel. Not a lot to breathe carrying on with fossil fuels though of course..
@@martinwest7250 Are you not aware the sun moves? The land under solar panels isn't necessarily in perpetual darkness, and grazing around solar panels is already a thing - it's called solar grazing in fact! (And a bit of a win-win, given the animals get their feed and it stops vegetation overgrowing the panels)
Not when they’re being paid to site them 😊
Can't stand James O'Brien. He uses his public platform to promulgate his views while happily talking over guests. How can anyone develop an argument when being constantly interrupted. Shut up and let the viewer decide the truth.
Ok Charlie
He only talks over the idiots.
he has get sum1 else to turn the volume down 🤣🤣
@@michaelgilchrist2831 Does calling people 'idiots' usually bring them around to your way of thinking? You people are just arrogant and abusive, and you rely on bullying to try and win debates, because the truth is not on your side.
@@pompeymik lefty woke liberal i see
Why does Charlie sound like the angry caller from that episode of 'I'm Alan Partridge' where Alan gets a dead cow dumped on him from a bridge?
That is so true 🤣
You do realise that it was Alan Partridge who said the ridiculous things?
@@voodoochile333 ...and you do realise that Alan Partridge was/is a fictional character, right?
...as fictional and as made-up as I suspect 'Charlie' was from how that call went.
@@voodoochile333 no the callers did as well - see his series set in Norwich Digital, the callers were a carbon copy of Charlie
@nickshale6926 fiction is at home with obriens opinions.
James O'Brien is insufferable.
He’s right though.
@coppershark1973 no he's not, the farmer knows far more about farming than Obrien thinks he does. Charlie absolutely made Obrien look like a right muppet
@@coppershark1973 what one thing did he say that was right? All he did was talk over Charlie and didn’t let him finish a single point. He just wound him up and didn’t have any kind of constructive conversation.
@@henrybuss5994I agree, he’s getting worse as he gets older. I can barely listen anymore
@@jamiewalton666 the discussion wasn't about farming though really was it, it was about tax?
Why should farmers avoid inheritance tax just because they are farmers 🤔
they're torys, they think they're better than everyone else
Why should anyone pay any inheritance tax
@@totalprecisioncarpenter5922 “why should anyone pay any inheritance tax?”
To prevent the outsized power given to the wealthy over the rest of us. Prime example - Elon
The question.@@totalprecisioncarpenter5922
@@totalprecisioncarpenter5922 When we all pay our fair share of inheritance tax then we can have that conversation. At the moment, the most asset rich demographic in the country are getting luxury tax breaks.
James O'Brien is a horrible person
The guy states hes an electrical engineer obviously not a farmer . If I was to inherit a farm ,even after tax ,I would be richer than I was yesterday .Greed and tax evasion is his main driver .
You'd also suddenly become more liable... They'll get ya anywhichway.
And what about when it isn't the main diver? When you've just got a family farm that has been worked on for generations and now you're having to pay 20% tax on the value, an amount that will on average tax 10 years profit to pay off. It doesn't seem right to me to tax our source of food so heavily, maybe if you're worried that anyone should actually make some money in this country, you could tax the sale of farm land.
@@Harry-TramAnhnotice how it came back to making money at the end there?
@@Harry-TramAnhthe rest of the uk pays 40%, averaging a job which pays less per year than a moderately sized farm of 500-1000 acres does (50.000-100.000 sqm) and you complain about a farm that could rake in northwards of 150k per year...
@@SteveLaw-UK is it a crime to earn a living?
As much as charlie doesn't know the figures, this is really going to shaft farming families.... but hey food isn't important at all is it ??? And on a another topic, you dont win a debate by being a rude and condescending tw@t, he makes his money by berating, bullying the working class, the poorest in society, and also then sits back and defends pedophiles calling them "lonely", this man is absolutely deplorable and wouldn't open his mouth in a face to face situation where there are no cameras or security, bullies are always the biggest cowards!!!
I can't believe this person doesn't understand inflation.
See all of America
He's only angry that he'll have to pay some tax when his inexistent parents die and pass him on the farm that he's never been in.
He's not entirely wrong though, the value of land has been increasing at a rate higher than inflation since 1982, and especially from the mid 1990s, specifically because wealthy people have been buying up large tracks of farm land to avoid tax. I hope that once this policy gets put into practice that value of land will reduce because the rich don't see any advantage in buying it anymore in which case ordinary farms don't need to worry about IHT much.
I can. It goes for a lot of people.
You need to couple that lack of understanding with the presumed value of a farm, the value is only relevant in a sale, without the sale (inheritance) the farm is worth what it cost originally.
O'Brien is like an irritating child in this one - has no empathy.
Imagine confidently calling in to debate taxes without understanding how measuring money in percentages works.
You just don't get it.
Land today is so much more expensive than 40 years ago!
And of course, it will not go up in price for the next 40 years.
@@parametrI'm pretty sure everything is much more expensive than it was 40 years ago.
Why are you singling out land prices?
@@M4tt888_ read again, think again
@parametr or you could explain what your point is, seeing as you say people "just don't get it".
But when you are asked what you di mean, you don't want to say anything.
Why is that?
@M4tt888_ He's being sarcastic mate...
The farmer doesn't inherit his farm. You can't inherit things you own. They inhert their parents farm.
“Love to the family, Colin”
Surely he's just playing the part now? Like a pantomime villain.
So if I work in my dad's real estate emporium for 40 years, I can inherit it tax free?
I would hope so. Why does the government need a slice of your pie?
@ibexdnb2879 to pay for the NHS, the army, the police, schools, roads, public services,
You can literally inherit shares tax free yes. As it should be
@@ibexdnb2879society, not the government
Well an estate agent makes a ton of money, and if his business fails no one is at threat, all estate agents could fail but we'd still find a way to buy and buy/sell houses. If farmers are forced to sell off their land to pay a massive inheritance tax bill and they then build properties on it or a put in a solar farm on that land then we all lose out because we need food to survive. Humans need food to survive, we need a home but don't really need estate agents - without farmers and without food we die. Surely there needs to be reasonable incentives for farmers to continue in a tough industry which makes little profit, and provide not only food but continue to be custodians of the countryside.
i disliked for james, the farmers a legend
James o brian government stooge
The fact that rich farmer like him is angry, irritated and cursing at James, makes me think Labour is doing something right. 😂
😂
Want to add, when James hateful obrien realises he he losing the argument his smug false smile starts to drop. He even dares now to suggest it was a hoax call, just because 1 of thousands dare say they hate him. I say again please call again Charlie.
I live in the countryside, have done all my life, grew up around farms and worked on them as a kid! 90% of those farms are no owned by executives and bankers and are more hobby farms for the Clarkson/vinny jones wannabes! I feel for the small farms as I know these guys get paid peanuts from the supermarkets for what they produce and the diary industry is a perfect example of this.
Perhaps the government would do well to only apply the inheritance tax to first generation land owners with assets valued over £3m or, as Clarkson himself has suggested, those whose primary income source doesn't come from farming? Clarkson would fit both of those requirements. He accepts that he should pay his fair share because he knows that he is not a typical family farmer and that he has enough cash to survive irrespective of how much profit his farm generates. It's to his credit that he is standing up for the farming community and being honest about the struggles they face, he could quite easily have sat back and said 'I'm alright, Jack, so F the rest of you', like Vinny Jones and James Dyson have. A friend of mine who runs an agricultural machinery repair and maintenance business said that by creating 'Clarkson's Farm', Jeremy Clarkson 'has done more to highlight the struggles faced by the British farming community than anyone else in the last fifty years'.
Any farmers goung out of business should be fed on sovereignty
The farmer is not doing himself any favours with this type of confrontational attitude.
Only responding to an attitude.
James answer is sell your property ? Then says what are you complaining about
Yeah. Sell your property to the government. James is a government mouthpiecs at this point.
@ I agree
This only affects rich farmers worth over 1.5 million
@@PeachesandCream225wronggggg ⚠️ the estate can be worth millions but that doesn't mean the farmer is cash rich, your house can be worth 500k but does that mean you have that in the bank? Noooo
@@PeachesandCream225 you mean £3m if it’s going to your spouse or kids and you’ve got 10 interest free years to pay it and it’s half the rate at 3 times the cap of regular inheritance tax
And currently only 100ish farms out of over 200,000 are worth more than that
James O'brien is so condescending
Why , the caller is really angry about a policy he doesn't understand and is comparing it to 84. IHT is based on percentages not ridiculous feelings like his. What an angry person.
When he does deal with a lot of cretins.
Charlie shouldn't be such a nasty little fella then should he.
@@kimsherriff3962 he does understand the policy... what is there not to understand. If you own a 5 million pound estate that produces food worth 50k a year and your parents die leaving it to you... you have to find 400k for tax funded by a business that makes less earnings than a teacher....... the system is broken by our greed for cheap food so it needs government assistance for farmers and not beating with a stick.
@@kimsherriff3962haha the caller is angry? You clearly chose to ignore that James actually starts shouting at the caller first 😂 typical liberal ignoring reality
This man hates James so much that he is barely able to speak with him
If you dont hate far left bitter little O'Brien then there's something wrong with you.
bit like the left who actually end lifelong relationships with their friends and family over which box they put a cross in on the ballot paper.
I know how he feels
@@jeffsimon9594Why watch things that get you all mad?
@@Eyey_Ron "Know your enemy"
Suddenly farming is a vocation. Nothing to do with the money whatsoever
Or sommat you just get stuck in doing forever and a day and n E x t.
It is a vocation your right next question
I mean an average £30k farm profit a year these days... its not exactly a great money spinner is it, many farmers have sold up in the past thirty years due to declining profits
When has farming Ever been a money spinner? I'm out walking my dog enjoying myself while farmers have to do the jobs rain or snow.
@@Novacngood185 poor souls! At least they’ve got their expensive designer jackets to keep them warm and dry.
The point he was making that nobody seems to have noticed is that when most people inherit their parents house, the house is a bonus, an extra. The tax they pay on it is inconsequential to their living, it’ll mean they’ll probably have to sell the house to pay it off but so what, they don’t need the money or the house, it’s better than nothing.
For farmers over the threshold, and for adults who share their living situation with their parents, inheritance tax means the loss of ‘their own’ home: the place they’ve lived and worked their whole life. It’s a very different experience to that of the average person.
If only the caller could have said that rationally he might have not sounded like a gammon
Yeah I really feel sorry for someone who is having to pay inheritance tax on their inheritance over a couple of million.
@@glasgownative81 You say that like they own Rolls Royce’s and go sailing for 3 months out the year, and not like most of their wealth is in land and other assets that they use to farm.
@callumscott5107 am sorry but trying to get me to sympathy for people worth millions having to pay tax will never happen.
If they sold their farm they could go on holidays 3 times a year
@ And who do you think is going to buy up the land when they’re driven to sell it? Poor people?
"Heat is energy"
"NO IT'S NOT!" - A UK engineer. And ya'll wonder why you are where you are.
Well you voted this shower in. You can now spend the next 5 years making lame excuses for them!😊
James was saying that grape seed oil is energy. It's food!
@@bigbad123321he was talking about rapeseed oil, which is used both as an energy source and for cooking food.
@@23Stork shoot! I misheard. Rapeseed is primarily used for food though right?
@@bigbad123321 I'm not sure to be honest. Either way, it's used in a lot of industries.
If all he wants is "beauty" then the land should go to the National Trust...
What beautiful about a ploughed mud field with 2 tractors and a caravan on it 🤣
Like the last time Labour went into and after the then landowners...
do you know what an AONB is? XD
I'd love to see James O'Brien actually held accountable for being an arsewipe
That's not going to happen with any of these callers.
@shaun-y7r Oh, for God's sake... not everything is a conspiracy. Maybe these people sound thick because so many people who hold these opinions are.
@shaun-y7r He's easy to figure: that 'debate' style is simplistic. Someone with brains wouldn't let him play the games. That's not me; I'd get angry and talk too fast, which is the problem most of these people have. They have an agenda, and think "I'll show that James O'Brien." Then they open their mouths and look like idiots.
@shaun-y7r No, but then is true of any talk show host. LBC get accused of bias from the other side with someone like Ferrari. As for this call, the man was angry before he got on the call - maybe in anticipation of what might happen, but still. He was incoherent and blinkered, and JoB did what he will always do, and played out rope for the guy to hang himself. These people shouldn't call, but if they must call, they should come on with a narrow point in mind that they stick to. What was the point of asking JoB if he knew the price of arable land? Why didn't he stick to his point that if you or I inherit, our home isn't on the line. Not that that is true most of the time, with most farms;and in the UK owned by the Crown and agribusiness.
@shaun-y7r I'm seeing different stats to you. I've seen it said that over half of all farms are under 20 hectares, and would not pay tax under this arrangement. The targets are big landholdings. The threshold for where you'd pay tax, and this will depend on what part of the country you're in, is just under 90 hectares.
James O'Brien- Inheritance tax threatens the future of UK farming and food security. It burdens the next generation with debt they can’t afford, forcing them to sell or abandon their farms. We need policies that protect family farms, not destroy them. It's clear you simply don't understand the issue at all.
Farming allready has been took over,the rich own the countryside and have for a long time.
Just as Kier has met with LarryFink of Blackrock. No surprise he is coming for the farmers.
@@JMRM1410 ask him how many refugees he's putting up in his £1.5 million pound home and watch him exit left. Pardon the pun
See how well breaking up farms does in Europe...they are largely unfixable in France without subsidies...its acash grab based on an outdated view of farmers as some sort of overich class
why do we need policies that protect family farms/wealthy landowners?
Ladies and gentlemen, it's been a pleasure to have witnessed history with you.
Politics of entitlement
Yeah, like being entitled to tax breaks no body else is entitled to.
@@am3ient exactly, you never see a poor farmer
If someone is earning just £23k a year on an asset worth 3 million plus then they don't deserve the asset, what an incredibly wasteful return for the country.
@@baratoplata7050 Or that asset is ridiculously overvalued in the first place?
@@baratoplata7050 what would you do with it? build a waterpark? it's FARMLAND, it can only be used for farming
If it is paid by only 5% so why are so many getting upset. This is aimed at the Dyson's and his like.
Because the Dysons like to wind them up with misinformation and set them loose.
and Clarkson who is using it to further his media interests
@@babaganoush6106 Absolutely, Clarkson is a Dyson. People with so much cash they don't know what to do with, that they have nothing to do other than worry about being forced to contribute to the roads they love to drive on or the police that protect their obscene wealth and because they are such awful parents they don't even trust their kids enough to just transfer the inheritance before they die.
It will help Dyson and his like, now they can buy up even more land that farmers will be forced to sell, at cheaper prices and still avoid 20% tax compared to if they didnt buy it. The only people this hurts are the actual real farmers working hard every day to feed the nation and this is how our communist government treats them and the elderly while they give away money to corrupt Ukraine for an unwinable war that's nothing to do with us.
Not true
The top twenty landoweners to be paying more Tax are Dukes so I'm all for this new tax law. Maybe the Tax should be a bit higher.
Poor Charlie, he might not be able to upgrade his Range Rover next year 😥
How long have you been a communist?
Not very intelligent. The guy that’s the looser here is Obrien. When he asks him to sell his land and the farmer rightly says who will buy it when the land is demarcated for food production and farmers , who have the farms for generations, will sell to avoid the inheritance tax. It’s an absolutely bonkers labour policy. Farmers don’t drive range rovers on £50k revenue a year before they account costs. They can’t. Watch clarksons farm and the £100 profit per year then you’ll get an idea how tough farming is. It’s about people making our food and being custodians of the countryside. They don’t realise the value of the land and their are strict tenancies on who the land can be passed too
@@13thnotehifireviews7 This tax only affects the top wealthiest farmers. I spent about 10 years delivering goods to farmers, some of my customers were absolutely loaded. No sympathy.
Edit: And when I say "loaded" I mean farmers who owned, mostly through inheritance, thousands of hectares of land, and property portfolios with dozens of country houses. My wealthiest customer had a net worth of £70 million back in 2014, he's probably worth a lot more now because of land and property price increases.
@@13thnotehifireviews7 except 40% of farms have been purchased as Tax Avoidance schemes. Go back to searching for Brexit Unicorns and Sunlit uplands now.
@@13thnotehifireviews7 they will sell, sombody else will buy the farm and noth9ng will change.
Why are farmers entitled to pay less tax than the rest of us?
Cosov all that muck, n feeding the nation, and stuff...
No farmers, no food.
Because they work for less than minimum wage for generations so we can eat
@@simonc4483No doctors, no medical treatment. No fire fighters, people dying. You get my drift.
No one is forced to be a farmer.
@@simonc4483
What about supermarkets, allotments (like I have and grow/sell my own produce and help out elderly and those in need with free food) Co operatives, small holdings, greengrocers, butchers etc?
I have to pay inheritance tax, why should someone else dodge it and have intergenerational wealth distribution but I can’t?
Bottom line is that inheritance tax is immoral. It should be scrapped.
What an idiotic comment. You don’t get to be rich because your parents are! Inheritance tax is as fair as fair can be unless you are a farmer who is able to AVOIID IT or get it halved!
Inheritance tax would not be a problem if the rich were taxed fairly in the first place
@@coppershark1973 who dictates you don't get to be rich because you're parents are? Why not?
It sounds like the farmer thinks that James has created the inheritance tax... He should focus his anger on the people who make the laws etc.
Here are the facts.
1) No IHT on land value under 1m and 3 mil if a couple. at 20% not 40% like everyone else 1/2 of everyone else.
2) Land prices have increased because rich people faking farming to enjoy the tax loop hole. Land prices will drop as they sell and farmers can buy at better uninflated rates and do what they enjoy.
3) Payed over time 10 years interest free time to pay it... INTEREST FREE !!!
4) On the Subject of Agri Equipment nearly all of the assets used in a working farm will attract either agricultural property relief (“APR”) or business property relief (“BPR”) at 100 per cent. This means that no IHT is payable at all on the transfer of these assets.
5) According to current tax information about 500 estates are actually affect a year out of 209,000 farm holdings as of 2023.
6) Affected only when the IHT is applied.. This not something that's constantly happening to any 1 individual all the time and can already be planned for and avoided...
6) 7 years time to gift it and even then its Tapered (3 to 4 years - 16%; 4 to 5 years - 12%; 5 to 6 years - 8%; 6 to 7 years - 4%)
1/2 of everyone else but nobody else needs their mum and dads or grandparents house to work for a living?
@@5uper5kill3rz No one else has 10 Years an No Interest to pay.
You can pay 0% if planned and even then its tapered, Everyone else is subject to IHT...
Most importantly it affects literally only the Most wealthy not the average farm, ill say again can be avoided, and its tapered...
This is the same case of farmers being brainwashed the same way they were for Brexit. Make it make sense....
*Most farmers I have seen have cars worth 50k atleast!*
He's seriously trying to argue that he's hard done by, by being taxed at half the normal rate because he lives in the house he works out of...
Unlike the majority of people who have to rent in order to live somewhere and will have to pay double a farmer's tax...
Pathetic loser! I halfway wish they lies he spouts were true so that he would get absolutely hammered in taxes just out of spite...
I agree, he shouldn't be taxed at half the normal rate. He should be taxed at 0%, as should everyone else. It's completely nonsensical to have a 40% tax on the value of whatever you've saved when you die, when you've already paid tax to earn the money in the first place. All it does in incentivise people to spend their money on frivolous things before they die.
If they rent they aren't going to be paying any inheritance tax
@@5uper5kill3rz equipment, and livestock alone can be worth millions. So yes they are.
@5uper5kill3rz ermmm
If they rent they are worse off.
Their machinery and livestock will be over the £1m threshold, and they don't have a farm house to add to the estate.
And, what happens when the landowner they rent from sell up?
I had this chat with a farmer that rents just this morning.
He is in the worst position of all of them.
That farmer is not the only one who hates him we all do
Not all of us
Phone this man a waaaaambulance.
James government mouthpiece O'brien - "come on mate just sell your family home to pay the government"
Well said
James has no idea. Charlie just cooked him😂😂
@@BrokenProphet32 like the rest of us have to lol. Welcome to the real world
@@benw4079 farms shouldn't have to. "We" make more than most farmers .. they are the backbone of the country
@I_am_Jesus_though nonsense. They're greedy, whining, right wing, quite odd, brexiteers.
James O'Brien is terrible at listening
Difficult to listen to brexit voters.
He hasn't got much choice but to listen when he's talking to an emotional man toddler that can't control his emotions. It was one of the most embarrassing callers have ever heard on this radio station. The victim hood was cringe.
he listens perfectly IF people arent talking lies or incorrect facts. You'd prefer him to let people lie on air and say nothing?
He is a narcissist.
I would love to know if James O'brien has ever allowed any of his phone guests to ever finish a sentence?
Nah like a liberal hosts they’ve been told “don’t let them finish logical arguments and keep them from spreading logic!”
lol, why would he?
Thats how shows like this work...
He does, if they are talking sense, if not they need to be interrupted otherwise there will only be one caller per show. I'm pretty sure you only object to the callers you agree with being interrupted.
Nothing of what he was saying was logical.
@mick3765 you mean if they are talking sense in James O'brien's opinion.
This guy doesn't know much about farming, let alone inheritance tax
If he's that dead set against solar and wind farms, I don't think he knows much about electrical engineering either.
@TheySavedSoldeedsBrain it'd be easier to list the subjects he _actually_ knows half a fraction of a crumb about...
He was offered that option; to make more money, performing a societally and environmentally advantageous act, whilst keeping his asset; he turned it down.
He is committed to being contrarian, and misrepresentation of the opposition's position.
@@JIMMYNDMS I'm sure he's well educated on the taste of crayons?!
James can't contemplate the idea that someone else might have a point he might not have thought of.
Except the idea that was being given by the caller wasnt anything new, in fact it was made by someone using emotions to fuel his facts and not facts
What point? He lost any credibility when started shouting and name calling.
@@addictiontocars ooh brilliant. Someone’s finally identified what the issue is
Please can you spell it out for me, cos, it really isn’t clear
Well, as the guy tried to say before he was being interrupted by James. If you work on a family farm and your parents die. If you then can’t afford to pay the inheritance tax and have to sell your farm, that stops you from being able to do your job anymore and affects your personal income.
This is a problem with a lot of the left, they claim this kind of intellectual superiority looking at spreadsheets in an office, but don’t think of the real practical problems people might face.
I agree, I think it would have been better if he had engaged with the caller instead of winding him up and trying to humiliate him. I think on balance the inheritance tax changes are fair in principle but saying that there may be farmers who will struggle to afford to pay it as it's taxing the value of their home is a fair point. The condescending manner and determination to turn conversations into a battle of wills is a big turn off for many, this is why I tend not to listen to JOB much, even though I often agree with what he's saying.
It doesn't bother James. He gets his food from Waitrose. 😊
if nobody is buying land, then why is the land worth so much? when no one wants it, it becomes worthless, which means the value goes down not up.
"Nobody goes there any more, it's too crowded"
Ah but can't you see, old Charlie is the last line of defence between us and the complete tarmacking of the countryside!!
@@Backpack85the 90% of the UK that is countryside. Any day now, it'll all be gone.
Corporations are buying out the land, so in the future have fun when 40% of your salary goes for food...
So I think the issue here is who wants a relatively small portion of land stuck on the end of a farm, and the answer might be a property developer or wedding venue or something like that, but that doesn't really help with food security and I'm not sure the point of the policy was for small to medium sized farmers to have to parcel up and sell bits of their land to pay the tax.
Won't somebody think of the millionairs
Who do you think is going to be buying the land when the farmers kids can't afford the tax? 🤔
@@Soril2010 Do you really need this spelled out? Okay, fine... firstly, there's insurance which can cover inheritance tax. Plenty of plans are literally designed to do just that. Secondly, there are loans you can take out, with the land as security to cover the tax. Thirdly, with property you can choose to pay via instalments rather than a lump sum.
Even assuming all angles are lost, the person(s) inheriting the land are the ones those millionaires are PAYING for the land. That means, they effectively get the land's value in money instead. Not ideal, granted, but it's a worst-case scenario for someone who can't afford to keep it.
communist
@@Crystan Awesome so theres three options, all of which result in more wealth transfer to the banker/financial class and if you can't afford those, you can just sell them your asset instead 👏
Let's just speed this up and give the bankers all the farm land, what could possibly go wrong?
@@5uper5kill3rzyes and? your inheritance is bye bye 👋
Lot of contradictions in this guy's argument. First he's a farmer, then he's not, he's an engineer. Therefore his parents own the farm, so he has his own house and livelyhood, but he's complaining that if he has to sell it to pay tax, he won't have a home or livelyhood. If I had my own house and career and my parents left me a £4m property, I would be laughing all the way to the bank and retiring early!
Unless you had siblings gone sneaky and tried to turn you out of your inheritance by mind affecting said parents and easing you out behind your back. Inheritance brings out the foulest worst in some folks.
Why they never tax the rich ones? Many companies are making millions annually.
Last occasion us townies failed to appreciate the countryside it was about fox hunting being banned. Now its about the impact on their inheritance or tax dodgers gaming the system a la Clarkson. Now their driving 30k+ tractors into the cities on subsidised red diesel asking et al to feel sorry for them.
30k+ tractors lol, some of the ones I have seen on news are over £200k
They're also stopping ambulances from getting past. Just Stop Oil protesters were arrested for that and pilloried in the right wing media. No such outrage when the farmers do it.
@@jimpaddy79 Maybe they missed a 0?
That’s one of the most obnoxious people I’ve ever heard on the radio.
Yeah, you would say that
@ what do you mean?
IKR, I cannot believe LBC have not fired old Jimbo yet.
First time listener?
Never seen a farmer using a food bank.
Welll....unless you didn't realise, farmers grow food. So ermm they probably don't need to go to a food bank to get the very food they produced
@@ScoutAboutTheBeeDog cant live on taters alone
never seen people using food banks work on a farm either
@@ScoutAboutTheBeeDog hahaha excellent :)
James O'Brien - How to be right in a world gone wrong. Thank goodness I haven't read his book. The smugness to go with it means he refuses to listen as his point is the correct stance.
They really show their hand the moment they start screaming the word woke like it's some kind of insult.
woke is pretending to be awake, progressive and virtuous whilst buying Made In China and supporting slavery and the rise of the biggest polluter and tyranny on Earth. Woke is a joke.
As soon as he senses a smart caller he cuts up callers and just worms his way around questions... get him off
I think you must have watched a different instance or maybe you are delusional
“A smart caller”🤣🤣🤣
@@lordlex6315 I don't think LBC allow smart callers through in the first place. They just want easy victims for James O'Bully.
"Blah blah blah" - an adult
Are you though?
BIt rude cutting him off at the end for comedy effect but the guy had a proper grievance that could of been dealt with better
Generally, when a house is left to family members, it is sold and the cash realised and therefore taxed.
When a farm is left, Generally the descendants / beneficiary continues to work the farm and the cash is not realised. No one is made wealthier (except on paper).
If this tax must be brought in, then it should be payable, only if the farm is sold, say within ten years.
That way, the true farming families will be able to continue producing food for our country.
Those using the farm tax as a loophole would have to pay the tax in order to realise the cash.
That would seem fair to me.
If e.g. James Dyson leaves his land to a young relative (grandchild or great grandchild) then 10 years isn't that long to wait to sell and avoid inheritance duty. How would you differentiate between those people (Dyson, Clarkson etc.) who have bought land for the avoidance of inheritance duty and working farmers? I have saved for 30+ years for my pension, so 10 years doesn't seem that long.
Time to pay up, Charlie.
Communist, I like food, it's needed.
Yeah sell your farmland so the super rich can buy it up cheaper and still avoid 20% tax they wouldnt have before.
Not very bright are you.
Time to for you to pay more for food. Hope you can afford a double in price rise
@@Jacky5299 There's this thing called "foreign trade". You might have heard of it?
@@benfowler1134 You apparently haven't heard of the reasons why relying on other countries for your food makes your own country vulnerable.
O'Brien is so obnoxious
You're being kind...
I don't hear farmers complain about all the subsidised stuff that they can apply for.
He’s an electrical engineer? Thought he said he was a farmer? He should sell all that bluster to the Grid and pay his inheritance tax with the proceeds!
Chris Morris on I'm Alan Partridge immediately springs to mind ...
Call yourself a presenter? An interrupter more like!
And he thinks he knows what osr is! Buying pumpkins! makes you an expert then.
How does this channel get any viewers other than peeps like me popping in once a year at best and then remembering why he hadn't bothered for the last year!
the farmer who worked on the fields for 40 years and dies doesn't pay tax at all.
the children who inherit the farm have to pay the tax.
Normally I’m with James but the caller is right, parents die and you if you work on farm have to pay a tax to keep your job. Obvious answer is to sign ownership to multiple grandchildren asap
Or he could sell the £3+ million farm and just retire
Sell it to who? @@dylanwall696
@@dylanwall696imagine if every farmer done that, there would be no farms left and you’ll be paying £25 for an imported broccoli
@@dylanwall696this is the problem with a lot of you LBC listeners. You just don’t get it. If all the farms are sold to say rich businessmen, they will destroy the remaining countryside we have. They will want to build houses etc to make money. It’s not just about money, it’s about saving the Uk countryside. I live in Cornwall and can tell you now the best part of this life is the beautiful countryside.
@@1djfuzion erm, wouldn't someone else just by the land? I mean, isn't that why farm land costs quite a bit an acre?
Who will cry for the rich farmers 😂. My heart bleeds 😂.
You will when your family can’t get any food.
@dufud but not really
Because you're not very bright like O'Brien.
You do realise they aren't rich, and we need farmers for food.
Do you middle class people live with your head in the sand
@mocko9912 so where will the food come from
How can an adult be such a child and seemingly not be aware of it.
If a farmer earns 25k a year and is on a 3 million asset. Sell the asset and invest in s&p 500 you will probbaly make around 300k per year
How about the government stop spending and wasting money then we don’t have to raise tax
it is amazing to me that you people tolerate an inheritance tax at all.
i struggle to think of a more vile tax.
A lot of people over here (Probably most) actually take pride in paying tax.. and they look down on others who refuse to take part in this joke system.
Willing slaves.
How dare rich people pay their fair share
@@roryr8 Yeah the jealous left want everyone as poor as they are, no matter how hard people work. And then they wonder why services are falling apart and nobody is working hard enough to look after them.
Yeah because the system of rich entitled kids inheriting generation after generation has served the UK well to this point.......
So you don't have to pay tax that the rest of us do... that's the vile bit...
Maybe phone a tax lawyer rather than a radio show.
Agree.i wouldn't talk to James.
or a psychiatrist.
@@C2112-s7y who James?
Why don’t you sell some stuff?
This is farmland not stuff… these people have been feeding us city folk for centuries, do not bite the hand that feeds you.
The farmers deserve the money because they provide an excellent service, the government doesn’t because of their corruption and incompetence.
😂😂😂😂😂
Yep this Government want the cash so they can waste it somewhere else.