Quote:
Originally Posted by Damien
Well, it will discourage buying farming land purely as an investment since it's no longer a loophole to avoid tax. Why would Dyson buy it up if that money is now subject to just as much inheritance tax?
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I am reminded by a comment that was said to me by a conveyancer.
I bought a section of field from a farmer, next to my property. not massive 7m x 45m.
When negotiating with the farmer I had a figure in mind, and an absolute top figure I would not go over or god strike me dead.
We shook on double the top figure.
When doing the paperwork the conveyancer said "you did well there"
I said "you're joking aren't you".
he said "you're lucky he sold it to you at all, the thing about land is...they don't make it anymore....."