It's not JUST Labour's terrible policies but the 'PM's unwillingness to engage with, listen to and understand the people who will be the most effected by them
Farmers getting taxed, to keep farming in the Family ,and feed the Nation. Govt giving wrong figures about number of farms that will be affected by this policy.
@@Fabbydabby1farmers do pay tax, but govt not taking into account business property relief ,which is value of machinery, etc,,its not just land value.
Surely if farming was more of a lucrative business that made a profit rather than a slog where you can’t even break even, inheritance tax wouldn’t be so much of an issue. Everyone pays inheritance tax above a certain capital, farmers shouldn’t be a special exception. The real problem is that farmers can’t make any money doing what they do as it is, inheritance tax on top breaks them and destroys all motivation to continue in an almost non profit making business
Exactly. Tax breaks on costs and/or farming income would be a far better use of taxpayers money than IHT loopholes that the rich use to park their wealth.
This isn't about economics it is about ideology. Remember :Joseph Stalin's agricultural land grab, also known as collectivisation, was a policy in the Soviet Union during the 1930's that involved taking privately owned farms and redistributing them to the state . Well the British people have been duped by Kier. His doctrine is far left socialism. Note the following from Wikipedia : British section of the International Revolutionary Marxist Tendency (IRMT), a formerly Trotskyist Pabloite group based in Paris.[1] Being a small group in the UK, it was best known for the Marxist magazine of the same name founded in Oxford[2] by Ben Schoendorff[3] and partially edited by Keir Starmer from 1986 to 1987. A leopard doesn't change it's spots. Could it be the government is using the tax system to degrade family farming, as opposed to a direct land grab that Stalin performed, so that it becomes economically unviable due to economies of scale. Then who will buy the land at knock down prices ? I am sure you can work that out.
Do you think the miners.... sorry, farmers would be protesting if they were being taxed vciously on the sale of their farms to capital investment firms?
This government is either Stupid or Evil - probably both! I am 100% behind the farmers food shortages or not. We need Food we don't need Labour making life even more difficult for ordinary folk.
Why on earth attack home grown businesses! The worry is this is just one in a number of measures which do just that. The NI tax will kill off parts of the High Street. Like with farms, once these small to medium sized businesses are gone they’re not going to return. If you tax various sectors out are of existence it’s counterproductive to the Treasury for future tax collection.
Absolutely hysterical watching the upper class oldies getting a taste of what they’ve been pushing on my generation for the last 15 years. I can’t get enough of it.
@@dub604 I live on a small farm and we will be badly affected. The figures that the Gov have produced are misleading. DEFRAs figures are more accurate. If less than 5% of farms were affected, then I’d have no problem with the new rules. What data are you using to come to the conclusion that a small farm won’t be impacted, I’m genuinely interested.
@@CSWillis Good question, I respect its civil tone, thank you. According to press reports only farms over £1m in value will be liable. Even then it's only at 20%. As EU members British farmers got subsidies, the fact that they no longer do is of greater significance to their present predicament than anything the Labour party are doing.
I'm calling BS to the farmers. It won't effect most as most are just tenant farmers and don't actually own the land. For many years buying land was away round the tax rules and so when they passed away it was exempt from any inheritance tax. Those who could afford to buy land did so and so pass on their wealth in a "landed gentry" style. That is now changing. The BBC says with the changes the figure of those farmers who will pay will rise from 4% to 7%.. Up in arms farmers only believe it will effect them because they wrongly believe it applies to all of them regardless of the value. If the farm is left to a WIFE,HUSBAND, CIVIL PARTNER etc then they will be EXEMPT. If the land is left to their CHILDREN or GRANDCHILD the level rises to £500,000. They can also transfer assets free of tax and leave a home to their children or grandchildren up to the value of £1 million or more, then and only then will they be obliged to pay a rate of 20%. A recap. The richest 7% of land owners will go from paying nothing to 20%. Cry me a river but the rich are finally being forced to pay.
The farmers will be fine, they get lots of money in EU subsidies... Thank god we're in the EU otherwise we'd be... Huh? What was that? We left the EU? Oh....... damn..... Well they're screwed then aren't they. That was silly, why did we do that?
@@arsemyth8920 Brexit has screwed UK farmers the same way that it's screwed every other profession in the country. If that isn't obvious to you then you simply aren't paying close enough attention.
The "plebs" are with whoever their tabloid tells them to be with... If they were capable of thinking for themselves you wouldn't have called them plebs. Many of these same plebs voted Leave meaning UK farmers no longer get the generous subsidies that they used to get. You would know that if you yourself were not a pleb.
The "plebs" are with whoever their tabloid tells them to be with... If they were capable of thinking for themselves you wouldn't have called them plebs.
Why do farmers not just use the seven-year exemption rule as other business owners have to? It is most generous but they just want it all ways as usual. Or how about this : exemption from IHT for "family farms", if the farm is passed to a son or daughter. But if said recipient sells any land or even the whole farm within fifty years, they pay IHT at 90 per cent on the whole sum? Of course, whining farmers will not like that either. Why should people inherit a "family" farm free of IHT and be free to see all or part of it without penalty? The suspicion is that many inheritors have no intention of following in daddy's and granddaddy's footsteps and get up early to milk the cows or feed the pigs. Their bluff should be called. Under this proposal, the country could see how serious this much vaunted "family" affair actually is on a farm by farm basis.The suspicion also is that if this suggestion were actually made law (fat chance!), there would be a cascade of farmers actually deciding to use the seven-year option after all.
Politics of the student union.. Absolutely
Why should farmers pay tax like everyone else?
Because they asked for a level playing field
It's not JUST Labour's terrible policies but the 'PM's unwillingness to engage with, listen to and understand the people who will be the most effected by them
Starmer = W⚓
The farmers want the same as the king no inheritance tax I want to join that club
My heart bleeds for all the millionaire 'farmers' affected by them.
@@glostergloster6945 asset rich, cash poor
@@arsemyth8920 So what? IHT is levied on assets for everyone else whether you have cash or not.
And what have the Tories been waging in the last 14 years.
She is plainly indoctrinated by her bosses. I do not have any farms in my constituency. What a surprise?
Farmers getting taxed, to keep farming in the Family ,and feed the Nation.
Govt giving wrong figures about number of farms that will be affected by this policy.
Why should everyone else pay tax apart from farmers
@@Fabbydabby1farmers do pay tax, but govt not taking into account business property relief ,which is value of machinery, etc,,its not just land value.
Farmers want the same as the king no inheritance tax I want to join the club . Hypocrisy of the highest order
So maybe give them tax breaks to actually farm, and not a loophole for the rich to use to avoid IHT.
Surely if farming was more of a lucrative business that made a profit rather than a slog where you can’t even break even, inheritance tax wouldn’t be so much of an issue. Everyone pays inheritance tax above a certain capital, farmers shouldn’t be a special exception. The real problem is that farmers can’t make any money doing what they do as it is, inheritance tax on top breaks them and destroys all motivation to continue in an almost non profit making business
Exactly. Tax breaks on costs and/or farming income would be a far better use of taxpayers money than IHT loopholes that the rich use to park their wealth.
It’s fine tbh
It’s not fair on farmers, the price of food is to cheap, raise food prices by 000%
People forget that farmers are important to the economy or do people just want to collapse a whole industry because of some class BS?
It is not a matter of "class" but of fair and equal treatment for all , with no special cases, under the law and under our taxation system.
So no one else is important to the economy only land owners? 🤡
This isn't about economics it is about ideology.
Remember :Joseph Stalin's agricultural land grab, also known as collectivisation, was a policy in the Soviet Union during the 1930's that involved taking privately owned farms and redistributing them to the state .
Well the British people have been duped by Kier. His doctrine is far left socialism. Note the following from Wikipedia : British section of the International Revolutionary Marxist Tendency (IRMT), a formerly Trotskyist Pabloite group based in Paris.[1] Being a small group in the UK, it was best known for the Marxist magazine of the same name founded in Oxford[2] by Ben Schoendorff[3] and partially edited by Keir Starmer from 1986 to 1987.
A leopard doesn't change it's spots.
Could it be the government is using the tax system to degrade family farming, as opposed to a direct land grab that Stalin performed, so that it becomes economically unviable due to economies of scale. Then who will buy the land at knock down prices ? I am sure you can work that out.
Get Starmer and his Liebour Party OUT
Any excuse to not pay tax like everyone else.
Soaking up carbon?? Why would anyone want to soak up the gas of life?
Once the southport cover up come out, stamrers gone
Do you think the miners.... sorry, farmers would be protesting if they were being taxed vciously on the sale of their farms to capital investment firms?
Miners paid their taxes
You want to be in the same club as the king no inheritance tax hypocrisy of the highest order
This government is either Stupid or Evil - probably both! I am 100% behind the farmers food shortages or not. We need Food we don't need Labour making life even more difficult for ordinary folk.
Farmers want the same as the king no inheritance tax I wish I could join that exclusive club
Why on earth attack home grown businesses! The worry is this is just one in a number of measures which do just that. The NI tax will kill off parts of the High Street. Like with farms, once these small to medium sized businesses are gone they’re not going to return. If you tax various sectors out are of existence it’s counterproductive to the Treasury for future tax collection.
It’s simple really farmers shouldn’t get the same tax breaks as the king what absolute hypocrisy of the highest order.
Oh dear, another Tory MP out defending the millionaires. Labour is closing a loophole for tax dodgers. That is a good thing.
Absolutely hysterical watching the upper class oldies getting a taste of what they’ve been pushing on my generation for the last 15 years. I can’t get enough of it.
Yeah, pass the popcorn... 😂🤣👍
What about the small family farmers who will be impacted. If this was just an attack on the wealthy landowners, farmers wouldn’t be complaining.
@@CSWillis Small farmers won't be affected, but you knew that already.
@@dub604 I live on a small farm and we will be badly affected. The figures that the Gov have produced are misleading. DEFRAs figures are more accurate. If less than 5% of farms were affected, then I’d have no problem with the new rules. What data are you using to come to the conclusion that a small farm won’t be impacted, I’m genuinely interested.
@@CSWillis Good question, I respect its civil tone, thank you. According to press reports only farms over £1m in value will be liable. Even then it's only at 20%. As EU members British farmers got subsidies, the fact that they no longer do is of greater significance to their present predicament than anything the Labour party are doing.
Rea
I'm calling BS to the farmers. It won't effect most as most are just tenant farmers and don't actually own the land. For many years buying land was away round the tax rules and so when they passed away it was exempt from any inheritance tax. Those who could afford to buy land did so and so pass on their wealth in a "landed gentry" style. That is now changing. The BBC says with the changes the figure of those farmers who will pay will rise from 4% to 7%.. Up in arms farmers only believe it will effect them because they wrongly believe it applies to all of them regardless of the value. If the farm is left to a WIFE,HUSBAND, CIVIL PARTNER etc then they will be EXEMPT. If the land is left to their CHILDREN or GRANDCHILD the level rises to £500,000. They can also transfer assets free of tax and leave a home to their children or grandchildren up to the value of £1 million or more, then and only then will they be obliged to pay a rate of 20%. A recap. The richest 7% of land owners will go from paying nothing to 20%. Cry me a river but the rich are finally being forced to pay.
The farmers will be fine, they get lots of money in EU subsidies... Thank god we're in the EU otherwise we'd be... Huh? What was that? We left the EU? Oh....... damn..... Well they're screwed then aren't they. That was silly, why did we do that?
Bailouts are inflationary and cause the huge fiat debts and deficits, especiall since 2008 GFC. Please don't worry ?!
@@Carlos-im3hn Subsidies are not bailouts, do try and pay closer attention, there's a good chap. ❤
Yes they're screwed, well done. And who's screwing them? Your beloved comrade 2TK
@@arsemyth8920 I'm afraid that makes no sense.. Who in your fevered imagination is "Your beloved comrade 2TK". Thanks
@@arsemyth8920 Brexit has screwed UK farmers the same way that it's screwed every other profession in the country. If that isn't obvious to you then you simply aren't paying close enough attention.
The plebs are with the farmers 100% have no doubt about that' labour going from bad to worse get them out.
The "plebs" are with whoever their tabloid tells them to be with... If they were capable of thinking for themselves you wouldn't have called them plebs. Many of these same plebs voted Leave meaning UK farmers no longer get the generous subsidies that they used to get. You would know that if you yourself were not a pleb.
The "plebs" are with whoever their tabloid tells them to be with... If they were capable of thinking for themselves you wouldn't have called them plebs.
Why do farmers not just use the seven-year exemption rule as other business owners have to? It is most generous but they just want it all ways as usual. Or how about this : exemption from IHT for "family farms", if the farm is passed to a son or daughter. But if said recipient sells any land or even the whole farm within fifty years, they pay IHT at 90 per cent on the whole sum? Of course, whining farmers will not like that either. Why should people inherit a "family" farm free of IHT and be free to see all or part of it without penalty? The suspicion is that many inheritors have no intention of following in daddy's and granddaddy's footsteps and get up early to milk the cows or feed the pigs. Their bluff should be called. Under this proposal, the country could see how serious this much vaunted "family" affair actually is on a farm by farm basis.The suspicion also is that if this suggestion were actually made law (fat chance!), there would be a cascade of farmers actually deciding to use the seven-year option after all.