Red696

“Family Farm” or in truth Family Business…. Not sure any other Family Business benefits from the same taxable rate & allowance? Yes £500k to offspring @ 40% taxable rate. Now lets pretend “Family Farm” is not a busines, so is £500k fair in comparison to Farmers?

they don’t tax anyone for dying, never have done…. It’s the living that get taxed, although I agree IHT should not exist. It should fall under the Capital Gains tax regime were the tax is only payable if the gain is realised in a sale. 9% on 20% with an allowance of £1 million is still a better deal than 28 days at 40% on an allowance of £350,000

Lets not miss the fact that they have 10 years to pay the 20% IHT, whereas others have only 28 days to pay 40% IHT. oh those poor hard done to Farmers 😢

I’ve had several family members lost to this dreadful condition. In their lucid moments it is a joy to have them return, and in the bad moments it is comfort to know they are not aware how unwell they are.. Remaining at home alone is really not an option, and imo moving to a care setting is best done early as it saves avoidable trauma to MIL and yourselves. Your wife would lose all of herself if she moves in to provide care, I’ve seen that happen and recovery is long and difficult. Dementia was described to me as; our memory is a tall bookcase with recent memory on the highest shelf, dementia gets the bookcase rocking and the books at the top fall off never to be replaced whilst the books lower down remain accesible. Thats why she remembers her earlier years. Wishing you all well in whatever you decide.

IHT for farming: 20% taxable rate with an allowance of £1million pound, to be paid over a 10 year installment plan ( with interest payable ) IHT for anyone else: 40% taxable rate with an allowance of £350,000, to be paid within 28 days of inheritance oh those poor hard done to targeted Farmers…. It makes you weep don’t it

This is obviously going to upset many on this thread… Farmers should not be exempt from a tax that many many others have to pay, nor should they have more favourable terms not available to others that pay IHT.

Is there a petition to end all IHT? Nope, ah well!

I think my questions are, what other options where available? Do we want / need these public services? if we do then they need funding, if not then what do we put in place as an alternative to the NHS etc?

No reparation without repatriation

when did all this happen, has anyone told them?

They dont generally remove them, they just revert back to the original charging scheme. But the next occupant of the property has no choice, they are metered from day 1

Please tell me he has been caught humping Diane Abbott

oh dear, how sad, never mind!

Just my opinion.. this left right battle is replacing the centuries old battle of religion, a few want control of how the masses think and act. The majority have figured out religion is a crock of ****, so the few needed a new construct. Divide and conquer!

Just my opinion. The demise Hitler hijacked control of the party. The socialism, racism and nationalist views were already there, he just magnified them and whipped a majority into a frenzy.