Il blocco dell’imposta sull’eredità nel Regno Unito non scaterirà la vendita di massa di fattorie familiari, lo studio mostra

Why would you sell it and pay more tax when you can tax plan and hand the business down.

Funny how all the economic doom mongering seems to have been wrong (see also the number of non-doms running away)

But inheritance tax only kicks in on estates over £1m in these cases, and first £1m is anyway disregarded. What is the issue then?

There has already been rural closures of small farms and rural businesses associated from other reports, some 6,000 from memory.

In addition note the IHT over time will get worse with inflation as more people will fall into the bracket on paper while in reality they have not actually changed their wealth status.

Yes it was a loop hole from 1984 when Thatcher encouraged the young to stay on farms and make productive use of the land, but the opposite is the ruling paradigm today: Big Government wants small inefficient farms to be removed from the food supply is the new dictum for better or worse and this will be one instrument of many to achieve that outcome over time, including regulatory, competition, sheer adverse conditions themselves eg climate and so on.

The sheep bleating “pay IHT like everyone else” IS a modern fable worthy of the telling is a story for another time!

Ever heard of “No Taxation Without Consent” especially on a death tax which taxes people on that which was already taxed and over time will include more people as all taxes do if observing the trend of taxation in history.

>*”It’s an ill wind which blows no good to anyone.”*

But we aren’t allowed to tax the rich or so I keep being told, keep the rich richer and they’ll eventually trickle some down to us, that’s right isn’t it?

Study says nothing about avoiding mass sales of family farms.

Just that 80% could afford it right now, this also leads to the issue of the next generation after having even more issues affording it as farming is notoriously unprofitable, which could lead to a cascading effect of only having a few mega farms in the entire country.

Feels like there could’ve been better workarounds such as only charging the tax to people’s who’s main income is not farming, or just make it so the inheritee has to pay inheritance tax on top of the regular tax if they sell the farm they inherited.

Inheritance tax just makes the people who have money and contribute to society move out the country before they die. Remember when you were a kid and you looked up at adults thinking how wise and clued up they were? Then you grow up and realise everyone is either mentally ill or low IQ but in high power roles.

TRANSLATION: Farms will have to sell the diversifications they have made to keep the food production side of the business afloat.

The title and article are extremely misleading. Let me explain.

The article says that the work shows that farms will not have to sell all of their assets to pay the tax.

Nobody was saying that we were.

We have been saying that we will have to sell some of the assets, permanently reducing the size of the business.

We have been saying that the hope value valuations used for farmland elevate the tax liability by about 20x and that it is unfair that other businesses are valued as a going concern.

Farms have diversified for decades to reduce the risk behind food production and effectively subsidise cheap food by doing other things. Often it is the diversifications that are keeping the entire enterprise afloat.

Selling off the part of the business that is most likely to get planning permission, and is making all of the money, would prevent the rest of the farm from having to be sold.

It would make the rest of the business go under though!