Boro.Fur
Well-known member
He did and he's not shy in admitting it.I assume he bought the farm to avoid inheritance tax...
He did and he's not shy in admitting it.I assume he bought the farm to avoid inheritance tax...
Thank you for sharingHere is a more balanced report on the budget and farmers from Dan Neidle. It has facts not just melodramatic comments from the NFU.
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Dan Neidle (@danneidle) on Threads
Lots of over-the-top coverage right now about the £1m cap on inheritance tax agricultural property relief (APR). Quick thread:www.threads.net
I've heard that Euston bit is an absolute nightmare, quite a few companies had looked at it and deemed it impossible in a practical sense, there was talk of scrapping the whole of HS2 just due to this, or as a big reason to scrap it.They probably costed that. I imagine the Euston extension was easily the cheapest bit to make it reach one end at least
In the most scaled down version possible.York to Manchester getting confirmed is good though, that should help the North.
It will always be farmland, until it gets sold for housing, someone else would just buy it and be glad to have that opportunity and pay tax on it as it passes down once every 40 years or something. A once in every 40 years tax is not bad, not when the land price increase probably beats inflation considerably.Crying a river for large estates now that might have to sell. Maybe the tenants could then buy their farms? Or would the new buyer keep them on? What else would they do with the land?
Farming UK isn’t an impartial source though so I have taken the article with a pinch of salt.
Oh yes, for sure, but what the original thing was basically HS3, and that's not going to happen until we get the full version of HS2. The fully electrified route and signalling all the way from York to Manchester will still be good, as that route can be quite unreliable and it's 3x worse by car.In the most scaled down version possible.
The original plan was for a completely new high-speed line from Liverpool via Warrington and the HS2 tunnel into Piccadilly and then on via mostly new routeing to a new station in Bradford and onto the HS2 link into Leeds. Only the last bit to York was basically just an upgrade.
What labour has confirmed they will now fund is a few bits of signalling and track upgrade on the existing transPennine route. It’s better than it might have been, and it is desperately needed, but it is a pale shadow of the original proposal.
I don't think they do pay income tax do they?People on around £12,600 a year should not be paying income tax
Here is a more balanced report on the budget and farmers from Dan Neidle. It has facts not just melodramatic comments from the NFU.
![]()
Dan Neidle (@danneidle) on Threads
Lots of over-the-top coverage right now about the £1m cap on inheritance tax agricultural property relief (APR). Quick thread:www.threads.net
There's a couple on here fell for it hook, line and sinker.Yet again, the RW media and the Tories are whipping the country (and farmers) up and spreading fake news and fear. They are a lovely bunch.
Oh no he had to sell his boat
Or to put it another way......they are probably loaded and the story was bollox.Oh no he had to sell his boatMy heart bleeds, but did he actually HAVE to sell it?
Imagine writing to the Torygraph to try and whinge about this situation
Say 60 properties in Colchester, average price what 320k, and say you need what 25% down for a deposit on a BTL mortgage, so 60 x 80k = £4.8m equity!
You could literally draw down ~4% of that every year = £192k, and the cash held would still go up and beat inflation.
192k per year, works out ~96k each, and that would easily put them in the 97th percentile for earnings.....and they're not even working. Their unavoidable fixed costs % will not be what a typical person in the 97th percentile would be, as most of those are still paying for a house (I assume theirs is massive and paid off, which seems a fair assumption).
If they didn't want cash left behind then they could draw that 96k each, and even if they both lived to 90 they could probably easily still easily draw another 100k a year between them, and still wouldn't run out of money. 166k per year, each. She's been getting a state pension triple locked for about 10 years and he gets his soon, plus private pensions and other investments which they no doubt have.
Chances are one of them will go sooner, so whoever is left is going to be even more loaded.
I find it nuts that this was even used in the same page as the winter fuel allowance cut, especially when the state pension went up more than that, and more than inflation, as it always does because of the triple lock.
As we all should know, inflation, especially the type we have now, hurts people more the lower down the earnings percentiles you go, and I bet 100% of those people renting their houses are in a far worse position and will never see anything like what these two have.
They were not "forced" to go back into work, or to just work in general, of all the people who don't have to work these are just about the best example you will find, certainly top 10% of those "not needing to work"