Cable Forum

Cable Forum (https://www.cableforum.uk/board/index.php)
-   Current Affairs (https://www.cableforum.uk/board/forumdisplay.php?f=20)
-   -   Here comes the tax rises (https://www.cableforum.uk/board/showthread.php?t=33712857)

nomadking 07-11-2024 11:16

Re: Here comes the tax rises
 
Quote:

Originally Posted by Hugh (Post 36185525)
With farming land, they have 10 years to pay the IHT…

Who do you sell the farming land to? It's needs a farm to go with it. Still have to end up selling it.

---------- Post added at 11:16 ---------- Previous post was at 11:13 ----------

Quote:

Originally Posted by Hugh (Post 36185564)
1% sounds bad - average income of £96k not so bad…

https://www.fwi.co.uk/business/busin...ite-volatility



Sad that you have to descend to ad hominem insults…

Is that income as in turnover or does it refer to profits?

1andrew1 07-11-2024 11:45

Re: Here comes the tax rises
 
Ironic seeing all this love for farmers on here!

Where was the support for farmers when all their funding was being slashed?

I’m a sheep and cattle farmer in England, and Brexit has left farmers in fear for their futures

It looks like the love is actual for land-owners, not farmers. As anyone who has seen Clarkson's Farm knows, the two are not always the same!

Reality is, these are just partisan and me-too repetitons of attacks from rich investors advocating for themselves. There's plenty to criticise in the budget starting with the NI hike.

Pierre 07-11-2024 12:32

Re: Here comes the tax rises
 
Quote:

Originally Posted by 1andrew1 (Post 36185596)
Ironic seeing all this love for farmers on here!

Where was the support for farmers when all their funding was being slashed?

I’m a sheep and cattle farmer in England, and Brexit has left farmers in fear for their futures

It looks like the love is actual for land-owners, not farmers. As anyone who has seen Clarkson's Farm knows, the two are not always the same!

Reality is, these are just partisan and me-too repetitons of attacks from rich investors advocating for themselves. There's plenty to criticise in the budget starting with the NI hike.

The farm in that article is across the Vally from me, If I'm correct looking at that photo. I also have two dairy farms less than a KM to me, and I know one those farmers personally, and there's sheep farm across the road.

I'm talking about farmers.

Mr K 07-11-2024 21:00

Re: Here comes the tax rises
 
There are some very rich farmers, there are some poor tenants farmers, and there are some that pretend to be farmers to escape inheritance tax (a jolly wheeze by their financial adviser).

Its time the rich and tax avoiders paid their share, and those that are really farmers left to get on with it. (Sorry Clarkson and Dyson your time is up).

Pierre 07-11-2024 21:07

Re: Here comes the tax rises
 
Quote:

Originally Posted by Mr K (Post 36185623)
It’s time the rich and tax avoiders paid their share, and those that are really farmers left to get on with it.

Absolutely, don’t disagree.

How about, they levy the tax when the farm is sold?

If you’re passing it down in the family no tax, as you need the asset to work the farm.

But if you’re selling it…….tax it.

Paul 07-11-2024 21:10

Re: Here comes the tax rises
 
Quote:

Originally Posted by Pierre (Post 36185624)
How about, they levy the tax when the farm is sold?

If you’re passing it down in the family no tax, as you need the asset to work the farm.

Yes, but this should apply to anything, I disagree with inheritance tax in general, if you are passing it on to your spouse, or children.


[ And no, before anyone asks, I dont have "assets" high enough in value to be taxed ]

Pierre 07-11-2024 21:32

Re: Here comes the tax rises
 
Quote:

Originally Posted by Paul (Post 36185626)
Yes, but this should apply to anything, I disagree with inheritance tax in general, if you are passing it on to your spouse, or children.


[ And no, before anyone asks, I dont have "assets" high enough in value to be taxed ]

Don’t disagree Paul, if you are left a house by your parents, or grand parents, and you intend to live in it, no tax.

But if you’re left a property, and you flog it, ……..taxed.

This is the thing, it’s extremely difficult to get on the housing ladder, so if you can leave your children or grand children a house they can live in…….surely that’s good for everybody.

Paul 07-11-2024 21:37

Re: Here comes the tax rises
 
Quote:

Originally Posted by Pierre (Post 36185632)
Don’t disagree Paul, if you are left a house by your parents, or grand parents, and you intend to live in it, no tax.

But if you’re left a property, and you flog it, ……..taxed.

This is the thing, it’s extremely difficult to get on the housing ladder, so if you can leave your children or grand children a house they can live in…….surely that’s good for everybody.

I cant believe it - I agree with you :erm: :D

papa smurf 15-11-2024 12:26

Re: Here comes the tax rises
 
Chancellor Caught Changing LinkedIn CV After ‘Economist’ Myth Exposed


fibbing on her CV who'd a thunk it
https://order-order.com/2024/11/15/c...-myth-exposed/

Russ 15-11-2024 12:35

Re: Here comes the tax rises
 
Wow, a politician who lies. Indeed who’d have thunk it.

papa smurf 15-11-2024 13:18

Re: Here comes the tax rises
 
Reeves actually worked in a small complaints team within HBOS which managed administration processes, IT matters, and small projects and planning. Just in case you thought her experience as an “economist” justified that budget…

Pierre 15-11-2024 15:46

Re: Here comes the tax rises
 
Quote:

Originally Posted by papa smurf (Post 36186069)
Reeves actually worked in a small complaints team within HBOS which managed administration processes, IT matters, and small projects and planning. Just in case you thought her experience as an “economist” justified that budget…

Like someone working in a Meta contact centre, saying that they have experience working in "big tech"

Kursk 15-11-2024 16:06

Re: Here comes the tax rises
 
Economist my arse. She'll be telling us she was the lead singer with The Vandellas next. Nowhere to run Rachel, nowhere to hide.

nffc 15-11-2024 16:12

Re: Here comes the tax rises
 
Quote:

Originally Posted by Russ (Post 36186066)
Wow, a politician who lies. Indeed who’d have thunk it.

"What is the cost of lies", as a certain TV series said

papa smurf 15-11-2024 16:25

Re: Here comes the tax rises
 
Quote:

Originally Posted by Pierre (Post 36186076)
Like someone working in a Meta contact centre, saying that they have experience working in "big tech"

I guess her new boss didn't check her CV


All times are GMT +1. The time now is 19:05.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.
All Posts and Content are © Cable Forum