this post was submitted on 19 Nov 2024
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Jeremy failson more like. Dickhead buys a farm to dodge taxes, then gets pissy when the tax dode loophole gets a teeny tiny bit more ~~fiddlycult~~ ~~difficult~~ fiddlycult to loo.
Jere not my son more like. jemorony clackson more like

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[–] Hexboare@hexbear.net 4 points 4 days ago (1 children)

farmers who are doing even moderately okay will essentially not be able to pass their land on to their children without their kids forking out near £60k

So they have to pay 60k to receive more a than a million in assets? Seems like a pretty good deal and one you'll easily be able to get a loan for

working-class farmers

If you have net assets of more than a million pounds, you're not really working class

[–] tetris11@lemmy.ml 2 points 4 days ago (1 children)

get a loan for

Yeah, and pay it off with what? A lot of farms run on really thin margins.

net assets of more than a million pounds, you’re not really working class

Again, I'm not so sure. Plenty of people I know work 2-3 jobs to make ends meet but happen to own a home they bought cheap before their area gentrified.

The housing market has severely skewed any sense of normalcy on land and property values, and it's not like those who own houses are getting dividends on the change in the value of the house.

[–] Hexboare@hexbear.net 3 points 3 days ago (1 children)

Yeah, and pay it off with what? A lot of farms run on really thin margins.

The farm.

If the UK ag sector is so unprofitable they can't handle a 20 percent tax every few decades, it doesn't deserve to exist any more than any other UK industry that's collapsed and been offshored.

[–] tetris11@lemmy.ml 2 points 3 days ago* (last edited 3 days ago)

Well I kind of agree with you there. How much of UK produce is actually sold in Tescos and Sainsbury's, I doubt it's as high as people think