Quote Originally Posted by baggiematt View Post
I'm torn on the farmers debate. On the one hand, it's a very unique profession that you can't easily start. It has massive barriers to entry as you need land, machinery, barns etc.. By logic, the only real way to continue it is to hand it down generation to generation and teach them how to be a farmer. The profit margins are getting tighter so paying the tax off would likely be complicated.

On the other hand, to not pay any tax on anything worth over ?1m doesn't feel right. Why shouldn't they pay for it? They don't have to pay a lease or loans for the assets like any other normal business or indeed the person they inherited it from, so surely it's feasible that they could do this over 10 years.

I'm not one in favour of living off parents or grandparents fortune and it's against our values.

Good luck to those who inherit a tidy sum from grandparents or parents. Some parents work hard to pass things down to their children - nothing wrong with that. Against values - what complete bollox as nobody would turn their head if a grand parent or parent left anything. I was left nothing but don?t begrudge anybody anything and to those lucky enough to inherit a tidy sum or win the lottery - a sincere good luck to you! Any parent foregoing day to day luxuries to get their child on the housing ladder or to avoid them being saddled with student debt must be admired.