Farmers on the march

[motorbiking]

about 400,000 according to MBK

depending on the marital status of the current owner. somewhere around 25%-35%

 

[motorbiking]

which are all suffering as a result of Jeremy Clarksons investing in farms to avoid tax

all of them?

Are you sure.

 

[JohnD]

Because their business feeds the nation.

So supermarket owners, corner shops, and pie factories should also have tax handouts. And these benefits should not be applied specifically to people who receive multi-million pound inheritances.

What have you been doing that caused your eyesight to weaken?

 

[motorbiking]

I see we are on the JohnD roundabout again.

 

[JohnD]

I see we are on the JohnD roundabout again.

Always interesting to discover the real reasons why you promote handouts to the rich.

When an ordinary non-farmer pays inheritance tax, they pay 40% outside the allowances.

Not 20%

 

[Notch7]

all of them?

Are you sure.

Yes

farm land is overpriced due to investors

 

[motorbiking]

Yes

farm land is overpriced due to investors

So now do you appreciate why they are protesting at being taxed on their farms? Given how little they earn.

 

[motorbiking]

Always interesting to discover the real reasons why you promote handouts to the rich.

When an ordinary non-farmer pays inheritance tax, they pay 40% outside the allowances.

Not 20%

rich - earning 40-50k per year? give your head a shake.

 

[denso13]

rich - earning 40-50k per year?

Profit or salary?

 

[JohnD]

rich - earning 40-50k per year? give your head a shake.

Rich?

Receiving an inheritance of £5 million or more?

Yes.

Ask your butler to send up a footman to explain life for the common people of this nation.

 

[motorbiking]

Rich?

Receiving an inheritance of £5 million or more?

Yes.

Ask your butler to send up a footman to explain life for the common people of this nation.

and how is the person with this £5M asset, that he needs whole to earn a living of less than 50k per year (all going well) going to pay £200,000 tax on this inherited asset. Get a loan?

 

[JohnD]

Ask your accountant "what is an asset worth?"

 

[pcaouolte]

and how is the person with this £5M asset, that he needs whole to earn a living of less than 50k per year (all going well) going to pay £200,000 tax on this inherited asset. Get a loan?

Well, I think that if I inherited an asset worth £5M which would only give me a return of 50k a year I would sell it and invest the proceeds. It wouldn't be difficult to achieve a return of more than 50k a year from the sale proceeds.

 

[Deleted member 317777]

where should the money come from then -higher taxes for plumbers and landlords?

I already pay well into the 40% bracket as does my Mrs.

It makes no difference to me.

 

[JohnD]

Well, I think that if I inherited an asset worth £5M which would only give me a return of 50k a year I would sell it and invest the proceeds. It wouldn't be difficult to achieve a return of more than 50k a year from the sale proceeds.

It's possible, of course, that you might be arranging your business to make the profits seem very small.