Farmers protests

[Geoff Parkstone]

As I said originally, the property (building) itself, same as everyone else.

But the buildings are effectively all business assets - animal housing, feed stores, machinery sheds, silos, granaries etc. yes there is also house but I think, and I may be wrong, but I think houses are outside agricultural relief unless tied cottages etc. But of course they would then qualify as prime residence for CGT purposes etc

[ramAnag]

But the buildings are effectively all business assets - animal housing, feed stores, machinery sheds, silos, granaries etc. yes there is also house but I think, and I may be wrong, but I think houses are outside agricultural relief unless tied cottages etc. But of course they would then qualify as prime residence for CGT purposes etc

I’m sure you know more, but I was thinking - perhaps naively - of just the residential property(ies).

[MadAmster]

Agreeing with the EU on that one, excess nitrogen is a killer for waterways

Problem is, it's not only shutting down farms. We have a shortfall of 400,000 dwellings. As the starting up of a building site requires heavy machinery that, apparently creates more nitrogen, most planned home building projects stopped before they got started. The EU has designated what they call Nature 2000 areas and they are going to cause farmers to close their operation. The Farmers Union and the BBB (Burger Boer Beweging) are wanting to increase the size of some of those Nature 2000 areas and decrease others which will increase the area of nature 2000 areas in some places and decrease it in others. All of which will, they say, be better for the nature 2000 "project", for builders and for farmers. The government and EU are, currently, deciding not to look at the proposals.

We do have an excess of farm animals in NL. Cattle, sheep, pigs, chickens. We do need to decrease that but, having read the arguments from both sides, by nowhere near the government and EU are pushing for.

[MadAmster]

PS - a UK government spokesperson said today, the Inheritance Tax hike will affect 500 farms at most. Maybe those 500 are able to take the hit, maybe they're not, I don't know. Of course, it could also be that the 500 figure is missing a 0...

[Trickytreesreds]

PS - a UK government spokesperson said today, the Inheritance Tax hike will affect 500 farms at most. Maybe those 500 are able to take the hit, maybe they're not, I don't know. Of course, it could also be that the 500 figure is missing a 0...

With our chancellor and her false CV, more than likely

[SithHappens]

I don't know enough to be able to form a proper opinion, but here goes anyway.

What would be the rules if someone was left a business from parents etc? Say a pub or shop or other business, would inheritance tax apply then? if so why should it be any different.

That said, if this is your livelihood and suddenly having to find hundreds of thousands (albeit spread) then I do get the anger they feel.

For me if dad leaves farm to son who's worked in farm for x amount of years then maybe shouldn't apply, if said sons livelihood is not the farm then apply the inheritance tax.

Also put some rules in that farm must be maintained as a farm, and I'd sold etc within x amount if time then inheritance tax kicks in.

So essentially allow family who have had the farm as their livelihood and intend to continue to carry on, those family who intend to sell then let them pay it.

[ramAnag]

I don't know enough to be able to form a proper opinion, but here goes anyway.

What would be the rules if someone was left a business from parents etc? Say a pub or shop or other business, would inheritance tax apply then? if so why should it be any different.

That said, if this is your livelihood and suddenly having to find hundreds of thousands (albeit spread) then I do get the anger they feel.

For me if dad leaves farm to son who's worked in farm for x amount of years then maybe shouldn't apply, if said sons livelihood is not the farm then apply the inheritance tax.

Also put some rules in that farm must be maintained as a farm, and I'd sold etc within x amount if time then inheritance tax kicks in.

So essentially allow family who have had the farm as their livelihood and intend to continue to carry on, those family who intend to sell then let them pay it.

A lot of good sense there, imo.

It does make me raise an eyebrow when farmers tell us how much they are custodians of wildlife and the environment. I was speaking to a farmer neighbour who I get on well with a couple of weeks ago. It rapidly became apparent that he detests badgers which he described as ‘striped rats’ and ‘disease spreading vermin’ that we’d do well to get rid of.
Despite being rather fond of badgers I didn’t argue as he’s a sheep and dairy farmer who has a different and probably better informed perspective. Wouldn’t describe him as an environmentalist though.

[SithHappens]

Clarkson.

He's protesting but is his farm a proper working farm, or is it land with a shop etc.

I think there should be a minimum requirement for what is classed as a farm. A converted farm house with land, a swimming pool, hot tub and a couple of chickens probably doesn't cover it.

Once again I do accept I don't know much about it but would be interested to know how I can declare a property a farm.

[Geoff Parkstone]

There are huge financial incentives out there for (predominantly) arable farmers to get into rewinding and environmentally positive moves. My brother had signed up to lots of them before he died and basically he made more on green subsidies than he did growing wheat. But the wheat price is volatile on the world market, so it may be that longer term this isn't true, but he was coming up to retirement.

Less so for livestock farmers and bovine TB supposedly spread / made worse by badgers which explains the hatred.

I think Sith makes good points too

[SithHappens]

I should stop thinking, but here is another thought.

Growing up (yeah I still am), my best friend at school lived and worked on a farm owned by his family.

So he's been working in this farm now for most of his 54 years. Now I've no idea if ownership has ever been transferred but lets assume it's still in his parents name.

If it is, what was it worth 54 years ago? Considering my friend from school has worked, and lived there, all his life what is the value of his contribution to.the value of the farm and how is that calculated when it comes to calculating inheritance tax?

Surely it's not just a case of inheriting a family assets when you have spent 50 years contributing to the value of the assett?