Following on from the Budget, why shouldn't Farmers pay inheritance tax like the rest of us?

[Lloyd90]

1 hour ago, JohnfromUK said:

 

I think Clarkson having a shoot on his farm is widely known even though he doesn't mention it much now he's doing the Clarkson's Farm show. 

I suspect Clarkson has measure in place for tax planning, of which the farm will only be an element.  He's a rich man and no doubt has good advisors.  But the current protest is more about small and medium family farms.  It gets Clarkson's support and I expect most are glad to have him 'on team', because he brings press coverage. 

Clarkson makes a play on farming, but also freely admits he is only able to live as he does and farm because he has loads of other income streams which he can use to subsidise his farm.

But like everyone he pays the taxes he owes (well I assume he does as it has not been suggested otherwise), so why shouldn't he be able to give away his property on which he has already paid the taxes?

 

Clarkson also reckons he’s losing a fortune on his new pub. 
 

Both his pub and farms appear to be “unviable businesses” in their own rights. 
 

Considering his large wealth and access to the top advisors, accountants etc, what’s his agenda? 
 

Similar to the theme of why should everyone pay IHT but not farmers, what other businesses can be totally unviable yet continually claim subsidies and keep doing them as a “way of life” with tax payer top up? 
 

Coal mines? Closed down… British steel? It’s not looking good. 
 

Sad state of affairs but genuine question. 

[Dave-G]

I just watched a commentator on BBC newsnight first claim he didn't know who Clarkson was - then under a minute later let slip the farm was bought for tax purposes.

[Lloyd90]

3 minutes ago, Dave-G said:

I just watched a commentator on BBC newsnight first claim he didn't know who Clarkson was - then under a minute later let slip the farm was bought for tax purposes.

So taking it away from an actual farming family that might run it better knowing what they’re doing and maybe even make a profit / run a viable business… 

[Dougy]

If i personally needed to save money the 1st thing i would do is STOP giving it away. !!! I wouldn't ask my neighbour for donations. 

 

We give away around £4.5 Billion away each year in aid to different country's  

 

Correction £14 billion

Edited 2 hours ago by Dougy

[shaun4860]

4 hours ago, amateur said:

 

To be lectured by an ex-civil servant that our "riches" should distributed to the "poor" (probably not as poor as many of our grandparents were in the 1930s) is rich.

Don’t forget a rather well off ex civil servant 🤔

 

[shaun4860]

5 hours ago, oowee said:

There are some farms caught up in this yes. It’s only a very small number of farms 

The Liebour govt says it will raise £520 million a year.

Hardly a “very small number of farms”