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Post by prestwichpotter on Nov 19, 2024 21:31:26 GMT
I despair of the petty jealousy on here sometimes. Farmers work fucking hard and take bigger risks every growing season than most people do in a lifetime of pushing paper around at the civil service. This tax is the usual left wing tactic of squeezing the last penny out of hardworking aspirational people whilst allowing the super rich and the generational benefit collectors to play the system. It's the same petty nasty shit as the VAT on fee paying schools which hits those easy targets who work their asses off to give their children the best start in life they can afford. This country is a basket case. Loads of people work hard. Farmers aren’t special in that respect….. |
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Post by thehartshillbadger on Nov 19, 2024 21:33:53 GMT
I despair of the petty jealousy on here sometimes. Farmers work fucking hard and take bigger risks every growing season than most people do in a lifetime of pushing paper around at the civil service. This tax is the usual left wing tactic of squeezing the last penny out of hardworking aspirational people whilst allowing the super rich and the generational benefit collectors to play the system. It's the same petty nasty shit as the VAT on fee paying schools which hits those easy targets who work their asses off to give their children the best start in life they can afford. This country is a basket case. Loads of people work hard. Farmers aren’t special in that respect….. Loads of people work hard of course they do but the resentment of people who actually make money from their success from some quarters is basically jealousy |
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Post by wannabee on Nov 19, 2024 21:35:05 GMT
I'd say most people on this forum have also worked hard for their money. I don't believe someone like Dyson should be profiting as much as he does of working peoples labour. If James Dyson died tomorrow it would barely impact the day to day operations of his businesses. If all his staff members died tomorrow... I think it would be disastrous. Some of the poorest people I know are the most hard working I've met and are just unfortunate due to the circumstances they've inherited. Being rich doesn't mean you've worked hard. I’m fully aware of that I’m just pointing out a certain section of this board literally hate to see a successful business person who’s worked hard be actually rewarded for their endeavours and yap on about giving money to the never do nothings Do you agree when Johnson promised to fix Tax Exile, at the time, Dyson's employees so they wouldn't pay Tax in UK? www.dailymail.co.uk/news/article-9494273/Boris-Johnson-sent-texts-Sir-James-Dyson-saying-fix-tax-issue-staff.html |
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Post by thehartshillbadger on Nov 19, 2024 21:37:11 GMT
I don’t give a shit, I’m talking about people’s attitude on here towards people that work hard and get rewarded for it. If it was up to you lot everyone would have the same amount of money and assets no matter what they’ve done in life |
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Post by redstriper on Nov 19, 2024 21:40:51 GMT
I despair of the petty jealousy on here sometimes. Farmers work fucking hard and take bigger risks every growing season than most people do in a lifetime of pushing paper around at the civil service. This tax is the usual left wing tactic of squeezing the last penny out of hardworking aspirational people whilst allowing the super rich and the generational benefit collectors to play the system. It's the same petty nasty shit as the VAT on fee paying schools which hits those easy targets who work their asses off to give their children the best start in life they can afford. This country is a basket case. Loads of people work hard. Farmers aren’t special in that respect….. You've obviously never worked a farm. Its on another level to what most people do. They also create jobs and employ people and contribute to our economy by reducing the amount of food we have to import. For comparison - just how much does your spreadsheet contribute to the economy ? |
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Post by rickyfullerbeer on Nov 19, 2024 21:45:29 GMT
I don’t give a shit, I’m talking about people’s attitude on here towards people that work hard and get rewarded for it. If it was up to you lot everyone would have the same amount of money and assets no matter what they’ve done in life You do realise that the vast majority of stuff you claim on here is completely made up inside your own head? |
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Post by thehartshillbadger on Nov 19, 2024 21:47:00 GMT
I don’t give a shit, I’m talking about people’s attitude on here towards people that work hard and get rewarded for it. If it was up to you lot everyone would have the same amount of money and assets no matter what they’ve done in life You do realise that the vast majority of stuff you claim on here is completely made up inside your own head? Of course😉 |
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Post by prestwichpotter on Nov 19, 2024 21:51:34 GMT
Loads of people work hard. Farmers aren’t special in that respect….. You've obviously never worked a farm. Its on another level to what most people do. I have actually but not for any length of time so I’m obviously not going to sit here and pretend otherwise. One of my best mates is a farmer and he’s a proper grafter, I know exactly the sacrifices he and his wife like many farmers make. He’s also I’m pretty sure not in the category of farmers that are affected, like many of the farmers you talk about no doubt….. |
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Post by wannabee on Nov 19, 2024 21:54:16 GMT
I don’t give a shit, I’m talking about people’s attitude on here towards people that work hard and get rewarded for it. If it was up to you lot everyone would have the same amount of money and assets no matter what they’ve done in life I personally don't believe that at all because it's a Utopian idea I don't believe in Tax Loopholes and think everyone should pay tax equally according to their means and progressively So forgive me if I don't cry over 500 Farmers a year inheriting North of £3M and having to pay half the amount someone else would pay on that size of an inheritance |
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Post by prestwichpotter on Nov 19, 2024 21:56:50 GMT
Loads of people work hard. Farmers aren’t special in that respect….. You've obviously never worked a farm. It’s on another level to what most people do. They also create jobs and employ people and contribute to our economy by reducing the amount of food we have to import. For comparison - just how much does your spreadsheet contribute to the economy ? I work in retail logistics and me and my spreadsheet were working seven days a week and staying all over the country in prison style hotels at the heart of the COVID pandemic. Whilst people were sat at home wanking off 12 times a day furloughed so I’ve had my moments. But I don’t like to brag about these things and a round of applause isn’t necessary honestly 😂 |
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Post by thehartshillbadger on Nov 19, 2024 21:58:43 GMT
You've obviously never worked a farm. It’s on another level to what most people do. They also create jobs and employ people and contribute to our economy by reducing the amount of food we have to import. For comparison - just how much does your spreadsheet contribute to the economy ? I work in retail logistics and me and my spreadsheet were working seven days a week and staying all over the country in prison style hotels at the heart of the COVID pandemic. Whilst people were sat at home wanking off 12 times a day furloughed so I’ve had my moments. But I don’t like to brag about these things and a round of applause isn’t necessary honestly 😂 Don’t forget those hours slaving away in the soup kitchen. You’re too modest |
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Post by Gawa on Nov 19, 2024 22:04:48 GMT
I work in retail logistics and me and my spreadsheet were working seven days a week and staying all over the country in prison style hotels at the heart of the COVID pandemic. Whilst people were sat at home wanking off 12 times a day furloughed so I’ve had my moments. But I don’t like to brag about these things and a round of applause isn’t necessary honestly 😂 Don’t forget those hours slaving away in the soup kitchen. You’re too modest And clapping for an hour every Thursday night too. Wait... maybe that's the solution. We should all agree to clap for farmers on a Thursday night for a year as a settlement. |
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Post by ChesterStokie on Nov 19, 2024 22:09:00 GMT
If they’re minted it’s because they earned it and who would deny reward for hard work? Apart from the obvious of course. So do you think the Social Fabric of Society in UK is about to collapse because an estimated 500 Farmers per year with assets of more than £3M are being asked to pay half the amount someone would pay on the same amount if it weren't Farm Assets? It’s WAY LESS than half the amount mate. Farmers will pay 20% on assets over £3m. The rest of us pay 40% on assets over £1m. And farmers can pay it over 10 years. The rest of us have to pay it before Probate is granted i.e. immediately, and before we can actually get our hands on the rest of the estate to find the money to actually pay it. These new rules are still outrageously generous for farmers! |
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Post by superjw on Nov 19, 2024 22:16:07 GMT
On average, a single person inheriting a farm will pay £140k in inheritance tax, based on average value of farms across the UK. Just under a third of farms made no profit last year.
Whatever your views on inheritance tax, what is a reality for this country is a number of generational farms won’t be able to continue because people inheriting it won’t be able to afford the tax. Slightly different story for any of us not being able to afford inheritance tax on a house because we would sell it and live our best lives. I’d argue very few (if any) farmer will be buying a farm from someone who can’t afford the tax. We will be talking about farms being sold off and land redeveloped with farms closing, ultimately severely impacting our food supply. More volume of imported food goods and higher prices (we all know how this works)
End of the day this is a symbolic tax and a political choice, Labour could have made a different political choice to actually target the Uber rich and raise more money, but they didn’t.
Should people pay their fair share? Yes - does this target the Uber rich? No
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Post by wannabee on Nov 19, 2024 22:20:44 GMT
So do you think the Social Fabric of Society in UK is about to collapse because an estimated 500 Farmers per year with assets of more than £3M are being asked to pay half the amount someone would pay on the same amount if it weren't Farm Assets? It’s WAY LESS than half the amount mate. Farmers will pay 20% on assets over £3m. The rest of us pay 40% on assets over £1m. And farmers can pay it over 10 years. The rest of us have to pay it before Probate is granted i.e. immediately, and before we can actually get our hands on the rest of the estate to find the money to actually pay it. These new rules are still outrageously generous for farmers! Oh I know mate but there are nitpickers on here ready to cry gotcha so I use conservative (small c) examples |
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Post by Chewbacca the Wookie on Nov 19, 2024 22:34:13 GMT
Lefties hate hard working people earning money shock Nailed it. |
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Post by Gods on Nov 19, 2024 22:52:29 GMT
The weird thing with all this is that every Labour MP they have wheeled out to justify it is telling us that it affects almost no one, before going on to give advice to those it does on how to avoid it.
So if it will raise almost no money how does this then square with their insistence it will help save the NHS?
They can't have it both ways.
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Post by stokeson on Nov 19, 2024 22:55:14 GMT
Lefties hate hard working people earning money shock Nailed it. Carful you dont catch that forelock in a farm gate lads........... |
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Post by Chewbacca the Wookie on Nov 19, 2024 23:07:52 GMT
Carful you dont catch that forelock in a farm gate lads........... You won’t be saying that when your only option for breakfast is toast and marmalade  |
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Post by wannabee on Nov 19, 2024 23:11:42 GMT
On average, a single person inheriting a farm will pay £140k in inheritance tax, based on average value of farms across the UK. Just under a third of farms made no profit last year. Whatever your views on inheritance tax, what is a reality for this country is a number of generational farms won’t be able to continue because people inheriting it won’t be able to afford the tax. Slightly different story for any of us not being able to afford inheritance tax on a house because we would sell it and live our best lives. I’d argue very few (if any) farmer will be buying a farm from someone who can’t afford the tax. We will be talking about farms being sold off and land redeveloped with farms closing, ultimately severely impacting our food supply. More volume of imported food goods and higher prices (we all know how this works) End of the day this is a symbolic tax and a political choice, Labour could have made a different political choice to actually target the Uber rich and raise more money, but they didn’t. Should people pay their fair share? Yes - does this target the Uber rich? No I agree with your calculation in this unusual scenario but by default you have proven my point The average UK Farm is valued at £2.2M and if passed on by a single parent to a son/daughter they can claim a Tax Free Allowance of £1.5M. Therefore £2.2M - £1.5M = £700K x 20% = £140K payable over 10 years= £14K Tax per year The vast majority of inheritors of the average value of a Farm in UK which you agree is valued at £2.2M have Two Parents which means they can pass on the Tax Free Allowance which will then be between £2.625M and £3M which exceeds the value of the average value of a Farm in UK. So therefore the average UK sized farm passed on by parents to a son/daughter will PAY NO TAX Thanks for proving my point |
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Post by wannabee on Nov 19, 2024 23:14:20 GMT
Carful you dont catch that forelock in a farm gate lads........... You won’t be saying that when your only option for breakfast is toast and marmalade Will the Wheat Farmers still be in Business then? |
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Post by superjw on Nov 19, 2024 23:42:49 GMT
On average, a single person inheriting a farm will pay £140k in inheritance tax, based on average value of farms across the UK. Just under a third of farms made no profit last year. Whatever your views on inheritance tax, what is a reality for this country is a number of generational farms won’t be able to continue because people inheriting it won’t be able to afford the tax. Slightly different story for any of us not being able to afford inheritance tax on a house because we would sell it and live our best lives. I’d argue very few (if any) farmer will be buying a farm from someone who can’t afford the tax. We will be talking about farms being sold off and land redeveloped with farms closing, ultimately severely impacting our food supply. More volume of imported food goods and higher prices (we all know how this works) End of the day this is a symbolic tax and a political choice, Labour could have made a different political choice to actually target the Uber rich and raise more money, but they didn’t. Should people pay their fair share? Yes - does this target the Uber rich? No I agree with your calculation in this unusual scenario but by default you have proven my point The average UK Farm is valued at £2.2M and if passed on by a single parent to a son/daughter they can claim a Tax Free Allowance of £1.5M. Therefore £2.2M - £1.5M = £700K x 20% = £140K payable over 10 years= £14K Tax per year The vast majority of inheritors of the average value of a Farm in UK which you agree is valued at £2.2M have Two Parents which means they can pass on the Tax Free Allowance which will then be between £2.625M and £3M which exceeds the value of the average value of a Farm in UK. So therefore the average UK sized farm passed on by parents to a son/daughter will PAY NO TAX Thanks for proving my point I wasn’t really attempting to be proving any point and I totally agree that some farmers will pay no tax, and I’m not against the changes myself - they will simply come with consequences which will reduce the amount of farms in the uk. In our desire for people to pay their share, consequences, intended or not, will come around. To your point on two parents, that likely will not apply in most cases because as most farmers go until death, many will be widowed and that rule won’t apply as the inheritance will happen at a point the last remaining owning parent dies. So its quite possible most won’t those who don’t pay tax Then again, of the farms that don’t make a profit and will massively suffer in this where tax is due, others do make a profit and could absorb the costs and be just fine - It’s not all black and white. |
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Post by wannabee on Nov 19, 2024 23:57:27 GMT
I agree with your calculation in this unusual scenario but by default you have proven my point The average UK Farm is valued at £2.2M and if passed on by a single parent to a son/daughter they can claim a Tax Free Allowance of £1.5M. Therefore £2.2M - £1.5M = £700K x 20% = £140K payable over 10 years= £14K Tax per year The vast majority of inheritors of the average value of a Farm in UK which you agree is valued at £2.2M have Two Parents which means they can pass on the Tax Free Allowance which will then be between £2.625M and £3M which exceeds the value of the average value of a Farm in UK. So therefore the average UK sized farm passed on by parents to a son/daughter will PAY NO TAX Thanks for proving my point I wasn’t really attempting to be proving any point and I totally agree that some farmers will pay no tax, and I’m not against the changes myself - they will simply come with consequences which will reduce the amount of farms in the uk. In our desire for people to pay their share, consequences, intended or not, will come around. To your point on two parents, that likely will not apply in most cases because as most farmers go until death, many will be widowed and that rule won’t apply as the inheritance will happen at a point the last remaining owning parent dies. Maybe I was being sarcastic, I can be, but it's tiresome some of the incorrect information that's posted, no offense mate. There used to be a saying in the Tax Game, I used to be in it but not for Farmers, "Inheritance Tax is paid by Children whose parents didn't trust them" The more sensible Farmers will structure joint ownership with their spouse and pass on ownership to children to gain maximum Tax Relief. It's hardly the fault of Government if people don't take advantage. It could also have the opposite positive effect where the next generation have certainty on their future and not have to rely on the whim of their parents into middle age. |
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Post by Huddysleftfoot on Nov 20, 2024 9:47:14 GMT
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Post by elystokie on Nov 20, 2024 11:35:18 GMT
Victoria Atkins, the only Drugs Minister in the history of Drugs Ministers worldwide that has had to recuse themselves from discussing the world's most widely used illegal drug in parliament because her husband was growing the stuff on a licence only available to his company 🤦 Just Fuck Off. |
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Post by wannabee on Nov 20, 2024 11:43:42 GMT
[/quote]Victoria Atkins, the only Drugs Minister in the history of Drugs Ministers worldwide that has had to recuse themselves from discussing the world's most widely used illegal drug in parliament because her husband was growing the stuff on a licence only available to his company 🤦
Just Fuck Off.
[/quote]
She always talks and looks like she has just got out of bed
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Post by lordb on Nov 20, 2024 11:45:22 GMT
Loads of people work hard. Farmers aren’t special in that respect….. Loads of people work hard of course they do but the resentment of people who actually make money from their success from some quarters is basically jealousy Don't resent the money they make,good luck to them What I resent is farmers crying poverty or that they are hard done by which is fucking ludicrous compared to millions and millions How many farmers have to use a food bank? |
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Post by mickeythemaestro on Nov 20, 2024 11:48:07 GMT
Loads of people work hard of course they do but the resentment of people who actually make money from their success from some quarters is basically jealousy Don't resent the money they make,good luck to them What I resent is farmers crying poverty or that they are hard done by which is fucking ludicrous compared to millions and millions How many farmers have to use a food bank? Not many I don't expect seeing as they grow your food in their fields chief. |
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Post by Gawa on Nov 22, 2024 10:30:20 GMT
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Post by prestwichpotter on Nov 22, 2024 13:55:32 GMT
As someone said succinctly further up the thread the farmers should be demonstrating outside the head office of the major supermarkets, making zero or next to no profits whilst working as hard as they do is not a viable business...... |
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