07-11-2024, 12:16
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#586
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cf.mega poster
Join Date: Apr 2004
Location: Northampton
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Posts: 8,171
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Re: Here comes the tax rises
Quote:
Originally Posted by Hugh
With farming land, they have 10 years to pay the IHT…
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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
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Is that income as in turnover or does it refer to profits?
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07-11-2024, 12:45
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#587
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cf.mega poster
Join Date: Dec 2013
Posts: 15,411
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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.
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07-11-2024, 13:32
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#588
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The Dark Satanic Mills
Join Date: Dec 2003
Location: floating in the ether
Posts: 13,242
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Re: Here comes the tax rises
Quote:
Originally Posted by 1andrew1
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.
__________________
The wheel's still turning but the hamsters dead.
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07-11-2024, 22:00
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#589
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Woke and proud !
Join Date: Jun 2004
Services: TV, Phone, BB, a wife
Posts: 9,963
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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).
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07-11-2024, 22:07
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#590
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The Dark Satanic Mills
Join Date: Dec 2003
Location: floating in the ether
Posts: 13,242
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Re: Here comes the tax rises
Quote:
Originally Posted by Mr K
It’s time the rich and tax avoiders paid their share, and those that are really farmers left to get on with it.
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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.
__________________
The wheel's still turning but the hamsters dead.
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07-11-2024, 22:10
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#591
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Dr Pepper Addict
Cable Forum Team
Join Date: Oct 2003
Location: Nottingham
Age: 62
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Re: Here comes the tax rises
Quote:
Originally Posted by Pierre
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.
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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 ]
__________________
 Baby, I was born this way.
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07-11-2024, 22:32
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#592
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The Dark Satanic Mills
Join Date: Dec 2003
Location: floating in the ether
Posts: 13,242
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Re: Here comes the tax rises
Quote:
Originally Posted by Paul
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 ]
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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.
__________________
The wheel's still turning but the hamsters dead.
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07-11-2024, 22:37
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#593
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Dr Pepper Addict
Cable Forum Team
Join Date: Oct 2003
Location: Nottingham
Age: 62
Services: IDNet FTTP (1000M), Sky Q TV, Sky Mobile, Flextel SIP
Posts: 30,022
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Re: Here comes the tax rises
Quote:
Originally Posted by Pierre
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.
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I cant believe it - I agree with you  
__________________
Baby, I was born this way.
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15-11-2024, 13:26
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#594
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vox populi vox dei
Join Date: Mar 2007
Location: the last resort
Services: every thing
Posts: 14,837
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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/
__________________
To be or not to be, woke is the question Whether 'tis nobler in the mind to suffer. The slings and arrows of outrageous wokedome, Or to take arms against a sea of wokies. And by opposing end them.
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15-11-2024, 13:35
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#595
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cf.mega poster
Join Date: Jun 2003
Location: Half in the corporeal, half in the etheral
Posts: 37,181
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Re: Here comes the tax rises
Wow, a politician who lies. Indeed who’d have thunk it.
__________________
From Jim Cornette:
“Ty, Fy, bye”
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15-11-2024, 14:18
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#596
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vox populi vox dei
Join Date: Mar 2007
Location: the last resort
Services: every thing
Posts: 14,837
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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…
__________________
To be or not to be, woke is the question Whether 'tis nobler in the mind to suffer. The slings and arrows of outrageous wokedome, Or to take arms against a sea of wokies. And by opposing end them.
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15-11-2024, 16:46
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#597
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The Dark Satanic Mills
Join Date: Dec 2003
Location: floating in the ether
Posts: 13,242
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Re: Here comes the tax rises
Quote:
Originally Posted by papa smurf
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…
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Like someone working in a Meta contact centre, saying that they have experience working in "big tech"
__________________
The wheel's still turning but the hamsters dead.
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15-11-2024, 17:06
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#598
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-.- ..- .-. ... -.-
Join Date: Mar 2008
Location: Island of Strangers
Posts: 2,963
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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.
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15-11-2024, 17:12
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#599
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cf.mega poster
Join Date: Jul 2004
Location: chavvy Nottingham
Age: 41
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Posts: 7,451
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Re: Here comes the tax rises
Quote:
Originally Posted by Russ
Wow, a politician who lies. Indeed who’d have thunk it.
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"What is the cost of lies", as a certain TV series said
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15-11-2024, 17:25
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#600
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vox populi vox dei
Join Date: Mar 2007
Location: the last resort
Services: every thing
Posts: 14,837
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Re: Here comes the tax rises
Quote:
Originally Posted by Pierre
Like someone working in a Meta contact centre, saying that they have experience working in "big tech"
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I guess her new boss didn't check her CV
__________________
To be or not to be, woke is the question Whether 'tis nobler in the mind to suffer. The slings and arrows of outrageous wokedome, Or to take arms against a sea of wokies. And by opposing end them.
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