Can you imagine if those first two women's dad died and he left it to their brother and they pay the 20% inheritance and then the brother died 1 year later then they'd have to pay that 20% again. None of us should be paying this. We've paid tax on everything we own and every thing we've earned or bought. All our lives its tax and tax and more Tax and then tax has to be paid AGAIN by our descendants for whatever we manage to leave them. The fkn roads aren't even being swept anymore here. I suppuse this is a drop in the ocean really because this Country will be complete chaos in another 10 years.
Agree or disagree with the policy change, but the money from inheritance tax doesn’t go to the politicians, it goes to the treasury to either pay off national debt or goes on public spending.
Greedy Z*? *The ruler of a KINGDOM is called a ? and the collective noun for tHeir fam/maf.. using the correct orientation of the St.GermAnus🏴 fLag fLiers Semit-timeS lingo = slayoR👀 ?
Nobody should pay inheritance tax, especially the farmers who can't just sell a bit to raise cash. It's a death tax on things you've already paid tax on to buy, so effectively taxed twice. Move abroad now if you can before things get much worse.
All taxes are, because money goes around and around. You pay income tax, then you pay VAT at the store, the store pays corporation tax*, the store pays their employees who also pay income tax, who then shop somewhere else and pay VAT... and around and around and around it goes. With each transaction there is a chance for the government to tax a little, and they in turn use that money to pay their employees or pay suppliers and contractors. *Well, no, because the store probably makes all their profits in a small office in Jersey for tax reasons, but you get the idea.
If inheritance tax didn't exist the money would have to be raised elsewhere. Probably income tax or VAT. Does it not make more sense to tax those that don't need it (the dead) rather than the living?
Tories beat Starmer to it. They have made sure Labour had to make unpopular decisions one after the other. Grow up a bit and stop trying to whitewash the last 14 years.
@@Ramm_LJ what has destroyed UK is Brexit which people like you, no doubt over for + 14 years of RW propaganda and government. Before you ask, no, I didn't vote for Starmer.
Exactly. The darn goofed on the limits on this. Are there many other businesses that are taxed on key assets like this? Hopefully this brings some sorting out of the exceptionally complicated laws
If you don't understand what's going on, why are you commenting? "Are their many other businesses that are taxed on key assets like this?" This is about inheritance tax! It's a tax on individuals who inherit wealth in assets! So, yes! Literally everybody who inherits any business with large wealth in assets is subject to inheritance tax. The only difference is that farmers will only be paying half as much as every other inheritor in the country! They are going from 'complete exemption,' to 'massive discount.' And for some reason, I'm supposed to feel sorry for them?
we need a revoloution The people who pull the strings have been bending us over far too long. people do not realise were living in modern rome, The majority are Controlled by the cost of living, forced to work so they don't have time to think for themselves or act against the oppression. they have slowly oppressed us little by little so we tolerate it, If everyone took a step back and analysed the current state of our societal structure and economic state you should be disgusted.
100% behind the farmers. But just watch the supermarkets rather than support the farmers with a fair price for the food they produce they will hike the prices of everyday products as they become harder to stock milk, eggs, bread and so on please check prices
@alfsmith4936 Good. Imported food is cheaper. I'm white British and working class. I don't care where my food comes from and neither do my starving kids.
The salary most farmers live off of is absolutely ludicrous considering the significant amount of work they do and how much they contribute to the infrastructure. You know England, in America the last time the British government imposed an unfair tax on us we had a whole thing about it. The Ludy isn’t too hard to construct 😂
The common story of the famous Boston Tea Party isn't quite right: The protest wasn't triggered by a new tax as such, but by a tax exemption that only applied the to the politically well-connected East India Company. People were already annoyed at the tea tax, but when they heard that they would be expected to pay it while the EIC - a company which many MPs owned shares in - was granted tax-free operation the anger erupted to a full blown riot at this blatantly unfair double standard.
If they don't like it. They should go stack Super Market Shelves for 12 hours per day at £12.20 per hour. NO MORE SOCIALIST FREE MONEY HANDOUT FOR THE RICH FARMERS.
It's true, but it's not exactly government's fault. It's just that farming in the UK isn't really economical any more. Labor costs are relatively expensive, in global terms. Land prices are hugely high, compared to most of the world. There are strict environmental, safety and animal welfare laws. And the climate is famously unpredictable, making harvests inconsistent. It's actually cheaper to import many foods from elsewhere in the world - where farms can be huge and so benefit from a greater economy of scale, and where agricultural laborers earn a few pounds a day. The UK supports farming with a number of tax incentives - they pay no fuel tax - and outright subsidies in the form of grants. Until recently, the inheritance tax exemption was one of those incentives. But it's still not enough. The farmer interviewed in the video says that importing food is more expensive, but he is just wrong: Modern shipping makes importing dirt cheap. The same super-cheap shipping that lets you buy cheap tat on Temu can just as easily carry a refrigerated container full of meat, fruit and veg, and bulk cargo is even cheaper.
Farmers are banging on about “passing on their land to their children”. But at the fist sign of a developer with a cheque book it goes quicker than you can say KERCHING!
Holding up traffic, causing jams that emergency services can get stuck in. Wheres the prison sentences for the road blockers?? Clarkson admits he bought a farm to avoid tax !
Ahh, you mean the 500 tractors parked in Whitehall in a prearranged protest with police blocking off roads? Spend more time on education and less on pathetic moron level YT comments.
Sader that they don't realise the food doesn't Have to come to London. My brother warned me we will see food riots in London this decade, history will say this is a step if so...
If farmers strike or sell up we will just import more food. Let them get on with it. They won't of course because it only affects a small percentage of them.
@ it doesn’t affect a small percentage at all. It affects us all. Look at how prices go up when fuel goes up. Distribution costs are added to your food prices. Energy costs have been added to your food prices. So what do you think will happen with this. Spain has already cut supply to us due to their problems with storms destroying greenhouses etc. this will increase supply and demand. Not all may be affected, but all will add that extra cost to their produce. If not, supermarkets will. This isn’t just about inheritance tax. We’ve got a PM stating we need to reduce our meat consumption. That means more plant based. Yet he’s just added more tax to imported fertilisers. Well reducing your livestock herd reduces natural fertiliser meaning more synthetic is needed and then it’s having tax added to it, so that’s increasing costs also. But hey, blame the farmers.
Farmers are some of the most greediest people in the UK, boo-hoo, pay the tax just like most other people have to, the minimum to start paying it is a Million Pounds (roughly owning 125 acres of land), utterly disgusting...
I assume you have never been to a working farm as your knowledge about it is lower than a worms . Farmers are and always have been asset rich and cash poor as all their income goes into keeping the farm running and what tax they do pay funds the bone idle benefit scroungers of which i assume you are one of .
Politics of envy at its finest. You obfuscate the facts with the small percentage of rich farmers. Most are struggling. Most of our farmers are asset rich but cash poor, they support their family on less than the average wage. You can eat the food from Bill Gates’ super farm and all the carcinogens in that. I’m sure you’ll change your mind then?
@ this is about inheritance tax not pay rises. Besides if you work it out the rise they got didn't cover what they've lost since 2010. Farmers should stop whining on and pay inheritance tax like everybody else who has to pay it. Simple really.
Because they would have to sell land every generation and it may not be worth running a family farm. Farmers work extremely hard for very low profit and money has to go into equipment which costs a fortune. If the country wants to succeed we have to support communities. Farmers are vital to manage the countryside and produce food.
Farmers don't want to pay inheritance tax (only a small amount would anyway). Parents don't want to pay vat on private school education, employers don't want to pay extra NI costs. Didn't here this outcry when the tories froze wages and benefits for 2 years and then gave increases less than inflation. Pardon me if I have no sympathy for this lot of whingers.
@@richardbarton2709 so if you inherited you parents home that you went and got a second job to help pay for and furnished it then had to pay inheritance tax on it, would you be happy that the home you’ve just invested in has just been taxed.
How pathetic... only time the rich complain is when they have to pay their fair share of tax.. going on about food insecurity, when many of them grow nothing and get paid for it.., or won't grow anything because it's not "profitable enough" to grow food! UK has been importing food from abroad for decades. Talking a solute poppycock... only pay this tax over 3 million and only when the owner dies! Shameful distortion of the truth! Greed,
The tide of change is here, prisons, and immigrants get free rent, food, and our poor English are starving on less than healthy benefit allocations, the future will see our country taking produce from overseas and it will increment yearly, then suddenly, it will stop and it will be war... (And in our distant future, again people will ask, what was Egypt, what happened before this time, was there a war of mass destruction? It is no joke that K.S. once said in his early alcoholic days of 1986/88, "I want an all black Parliament. " [...] he was removed from that same residential home party, as one lady screamed at his profanities "Get out you nasty drunk". I clearly remember him being so drunk, he zig zagged away into the distance, unable to walk straight. It was long ago decided, by people who knew him or met him, that he is totally bonkers and not a sane man. How times change, as he portrays himself as a squeaky clean vege and it is so scary, that he now runs the country. I do believe he is the beginning of the end of England as we want it to be, and our farmers, if not supported, will mark the end for England and English people. Without FOOD we will starve if we rely too heavily on importations. And to answer, "The door is open, leave, if you don't like it." I am really thinking about it, as without our farmers, it will be a bleak and cold future in an over populated postage stamp with no food production. Ancient history tells a sad tale, if you look and we are speedily zooming towards destruction. If Russia takes the bread basket and we have no basket of our own, we will not survive a war.
Inheritance taxes, double taxation, should be against international law. The suggestion of it should be a violation of criminal code punishable by instant loss of citizenship and immediate deportation.
The only farmers whose inheritors will pay this are multi-millionaires. They then pay half the rate other taxpayers will need to pay and have 10 years to pay it.
@@DavidJohnson-ju6ru that’s completely wrong. It’s all farmers whose assets are. So if you’re sitting on a farm that’s now worth let’s say 5 million. Your return is 5%. That’s 52,000 a year you’re bringing in. Now inheritance on that 5 million asset is 20% of 5 million minus any parental handover which government has said 1 million. So 20% of 4 million. That’s 800,000. So you’ve got 10 years to pay it off. Your wage is 52,000 but you’re paying off 80,000 each year. So for the first 10 years of owning the farm you’re going 30,000 in debt each year and have nothing to live off of. Now say you inherit it and in the meantime you die and your son then inherits it. That’s a further 800,000 on top of that because it’s inherited.
@@pitbladdodavid And that is mostly wrong. The £1 million is on top of all the other spousal exemptions and nil-rate bands that people can access for inheritance tax too. This means that two people with farmland, depending on their circumstances, can pass on up to £3 million without paying any inheritance tax. Even then, you are talking about someone who is in the wealthiest 5% of people in the UK.
@ spouse exemptions come with a list of criteria. It’s not an automatic relief. For instance how many farms are under the ownership of mum and dad. It’s not. Government have been banding around this 3 million relief. But in essence it’s only 1 due to the stipulations put in place. And again. See how much of a return these multi million farms are giving. I know many farms that the sons who would possibly inherit it run the farm and the parents pensions are the farm income. The inherited have second jobs to pay for their income and these are farms worth over £3 million. Due to the stipulations set out on how you can claim any relief and they are still paying 20% on millions where then it eats away at the inheritors pension one of these stipulations is if it’s handed over on the 7 year rule, the parents cannot be living in the house. So you are then hoping the farm has any other habitation. Well it may, but that maybe rented out to say an old farm worker or a private tenant. But even that asset is taxed upon. So now on top of that the original owner has to find another home and pay for it.
...their business model is the issue. They sell in bulk to supermarkets, who enjoy huge economies of scale...which by definition means farmers don't make as much money. Farmers were wealthier when they sold to independent grocers, but they had higher costs due to needing more staff but saw an opportunity to make money quicker and took it. The whole food chain is in a mess, they supported brexit making things much worse for themselves. Farmers are protesting all over Europe but here it's made worse due to our weaker trading position...the business model is the problem. Protesting won't help and neither will taxing them....having said that, it affects 4% of them....which ironically is the exact percentage that's dropped off our GDP courtesy of brexit. At least Farage is behind them...oh wait, he wants to boycott them....
Hope they're not using red diesel in those tractors and have paid the ULEZ and congestion charge. Odd how Just Stop Oil protestors get arrested for just discussing blocking the road...
No need, agricultural machinery is exempt. It was only crooked fly tippers who had to keep an eye out for the man from the ministry. Here's the rub the crooked fly tippers used to buy the Red off of crooked farmers.
@@Kradlum I know the laws around fuel and red is only allowed in Plant , farm machinary and military vehicles and they must stay with a certain radius of their home base or when travelling to another location to work with exceptions for LGV's that have been to Countries like Russia where red is the common fuel in which case you get asked to drain the tank or you get 7 days to replace it .
Thanks for all the congestion charge money wealthy tractor men, sweet. Only wealthy landowners can afford to drive to protest, the rest of us just walk. Slava Starmer , keep closing those loopholes, my personal favourite, the private schools paying VAT, equality is good, thanks Keir, keep up the great work. Farmers time to pay up, you voted Brexit, you helped ruin the country, take your medicine.
I don’t have property worth £1m. Same applies to most British citizens btw. These farmers are part of “the elite” as far as I’m concerned. Tax the hell out of them.
@@royboy565 I assume that your comment is based upon your deep personal knowledge of Nigel Farage...no? How surprising, yet another single digit IQ keyboard hero strikes again. 🤮
@@PrincessGriftess-px9bk Of course they do.. They're the only people working in the morning, aren't they?.. Have you been sniffing the country air, or something? When I worked on a farm, the farmer didn't even get out of bed until 10 because he payed other people to do the heavy work.
Yes, it was. There's a TV at work which shows BBC News, I saw the protests covered on there today. There was someone being interviewed standing in front of a tractor. I didn't stay to watch, but the story was covered.
You can tell which site reporters take by the way they describe the change to the law. Those supporting the farmers describe it as a new tax on farmers, while those supporting the government describe it as eliminating a tax exemption that applies to agricultural land. Legally it's the latter, but economically it doesn't make much difference.
Can you imagine if those first two women's dad died and he left it to their brother and they pay the 20% inheritance and then the brother died 1 year later then they'd have to pay that 20% again.
None of us should be paying this. We've paid tax on everything we own and every thing we've earned or bought. All our lives its tax and tax and more Tax and then tax has to be paid AGAIN by our descendants for whatever we manage to leave them.
The fkn roads aren't even being swept anymore here.
I suppuse this is a drop in the ocean really because this Country will be complete chaos in another 10 years.
It's been in chaos since 2010. Where have you been.? Johnson made it worse with his "world beating" brexit deal.
So sad for the farmer's that it has come to this because of our greedy politicians,
Agree or disagree with the policy change, but the money from inheritance tax doesn’t go to the politicians, it goes to the treasury to either pay off national debt or goes on public spending.
Yes, but the sad farmers voted for Brexit!
They are not greedy.
Greedy Z*?
*The ruler of a KINGDOM is called a ?
and the collective noun for tHeir fam/maf.. using the correct orientation of the St.GermAnus🏴 fLag fLiers Semit-timeS lingo = slayoR👀 ?
@@christopherflux6254 the HM treasury of the KINGDOM yeah?
I stand with the farmer's of the uk.
LIAR.
what rich ones Clarkson
Go and pick some sprouts for free then.
I,m with the Farmers 100%
I'm with the govt 100%
I’m with the lamb chop💤 on the SUPPERmarquet top shelf
Why don't you pay their tax then
Get to work on a farm for next to nothing, while they drive around the land in a new range rover then.
@alfsmith4936😂😂😂😂 clown
Enjoy no food
Nobody should pay inheritance tax, especially the farmers who can't just sell a bit to raise cash. It's a death tax on things you've already paid tax on to buy, so effectively taxed twice. Move abroad now if you can before things get much worse.
All taxes are, because money goes around and around. You pay income tax, then you pay VAT at the store, the store pays corporation tax*, the store pays their employees who also pay income tax, who then shop somewhere else and pay VAT... and around and around and around it goes. With each transaction there is a chance for the government to tax a little, and they in turn use that money to pay their employees or pay suppliers and contractors.
*Well, no, because the store probably makes all their profits in a small office in Jersey for tax reasons, but you get the idea.
Lots of countries have inheritance tax. It's not just a British thing.
If inheritance tax didn't exist the money would have to be raised elsewhere. Probably income tax or VAT. Does it not make more sense to tax those that don't need it (the dead) rather than the living?
We should strongly demand the resignation of Starmer. He’s destroying our country by the minute.”
You're going to really dislike the next 15 years of PM Starmers rule.
Why what about Johnson and clarkson won’t help
Tories beat Starmer to it. They have made sure Labour had to make unpopular decisions one after the other. Grow up a bit and stop trying to whitewash the last 14 years.
@@Ramm_LJ what has destroyed UK is Brexit which people like you, no doubt over for + 14 years of RW propaganda and government. Before you ask, no, I didn't vote for Starmer.
@@Ramm_LJ yes, i think small school boys ,very priviledged, like Boris and Farage should rule Britain!
A cynical political move that is not well supported.
Exactly. The darn goofed on the limits on this. Are there many other businesses that are taxed on key assets like this?
Hopefully this brings some sorting out of the exceptionally complicated laws
If you don't understand what's going on, why are you commenting?
"Are their many other businesses that are taxed on key assets like this?"
This is about inheritance tax! It's a tax on individuals who inherit wealth in assets!
So, yes! Literally everybody who inherits any business with large wealth in assets is subject to inheritance tax.
The only difference is that farmers will only be paying half as much as every other inheritor in the country!
They are going from 'complete exemption,' to 'massive discount.'
And for some reason, I'm supposed to feel sorry for them?
@dansegelov305 you need to chill dude. No one's gunna listen to you if you keep lashing out angry like this
@hannah. What you mean is, he has proved you are talking rubbish and haven't got a comeback.
@royboy565 I'm not engaging with people who speak to me like that if I'm to humble myself
we need a revoloution
The people who pull the strings have been bending us over far too long.
people do not realise were living in modern rome, The majority are Controlled by the cost of living, forced to work so they don't have time to think for themselves or act against the oppression.
they have slowly oppressed us little by little so we tolerate it, If everyone took a step back and analysed the current state of our societal structure and economic state you should be disgusted.
Poor farmers, if only they didn't have enough assets, money etc to pass on to their children, a bit like 90%of the population.
Idiot spotted 👆
Crab bucket mentality. Would you prefer those 90% to be starving to death as well?
Bring a gift for starmer a lot of manure ?
Get arrested than
Prisons full bud so no one will care .
Since Brexit consecutive British governments have abandoned the farmers.
You mean the Tories FCK'D the farmers. Not a surprise to me.
Only one in charge when we left.
Tory, Reform and brexit voters all voted against farming
They were warned but they knew better.
6:03 shoutout to the guy with the funniest tractor horn lol
100% behind the farmers. But just watch the supermarkets rather than support the farmers with a fair price for the food they produce they will hike the prices of everyday products as they become harder to stock milk, eggs, bread and so on please check prices
We'll just import it.
@alfsmith4936 Good. Imported food is cheaper. I'm white British and working class. I don't care where my food comes from and neither do my starving kids.
I'm 100%with the govt. Why should farmers be classed as a special case?
Perhaps protests should be mean tested?
well, that would knacker all the just stop oil, pro-hamas, extinction rebellion and antifa marches...
The salary most farmers live off of is absolutely ludicrous considering the significant amount of work they do and how much they contribute to the infrastructure. You know England, in America the last time the British government imposed an unfair tax on us we had a whole thing about it. The Ludy isn’t too hard to construct 😂
probably the funniest / stupidest thing ive read all week thanks mate 👍🤣
The common story of the famous Boston Tea Party isn't quite right: The protest wasn't triggered by a new tax as such, but by a tax exemption that only applied the to the politically well-connected East India Company. People were already annoyed at the tea tax, but when they heard that they would be expected to pay it while the EIC - a company which many MPs owned shares in - was granted tax-free operation the anger erupted to a full blown riot at this blatantly unfair double standard.
If they don't like it. They should go stack Super Market Shelves for 12 hours per day at £12.20 per hour. NO MORE SOCIALIST FREE MONEY HANDOUT FOR THE RICH FARMERS.
It's true, but it's not exactly government's fault. It's just that farming in the UK isn't really economical any more. Labor costs are relatively expensive, in global terms. Land prices are hugely high, compared to most of the world. There are strict environmental, safety and animal welfare laws. And the climate is famously unpredictable, making harvests inconsistent. It's actually cheaper to import many foods from elsewhere in the world - where farms can be huge and so benefit from a greater economy of scale, and where agricultural laborers earn a few pounds a day. The UK supports farming with a number of tax incentives - they pay no fuel tax - and outright subsidies in the form of grants. Until recently, the inheritance tax exemption was one of those incentives. But it's still not enough. The farmer interviewed in the video says that importing food is more expensive, but he is just wrong: Modern shipping makes importing dirt cheap. The same super-cheap shipping that lets you buy cheap tat on Temu can just as easily carry a refrigerated container full of meat, fruit and veg, and bulk cargo is even cheaper.
You what 😂😂😂
Farmers are banging on about “passing on their land to their children”. But at the fist sign of a developer with a cheque book it goes quicker than you can say KERCHING!
any evidence of this?
40%of farms sold last year went to non farmers. Mainly developers,this according to Google.
@@royboy565because they are getting absolutely shafted by the government.
Holding up traffic, causing jams that emergency services can get stuck in. Wheres the prison sentences for the road blockers?? Clarkson admits he bought a farm to avoid tax !
Ahh, you mean the 500 tractors parked in Whitehall in a prearranged protest with police blocking off roads? Spend more time on education and less on pathetic moron level YT comments.
The govt wants the farms. Greed. Good on the farmers. 🇬🇧 🚜 🚜
The rich want the farms, so they can avoid paying tax, like Jeremy Clarkson admitted.
What a stupid statement.
@ What a stupid response
Sadly the public need to realise that food comes from these farmers and the only way that will be seen is if food is not in the stores.
Sadly people like you need to wake up and smell the coffee
@ wake up to what exactly
Sader that they don't realise the food doesn't Have to come to London. My brother warned me we will see food riots in London this decade, history will say this is a step if so...
If farmers strike or sell up we will just import more food. Let them get on with it. They won't of course because it only affects a small percentage of them.
@ it doesn’t affect a small percentage at all. It affects us all. Look at how prices go up when fuel goes up. Distribution costs are added to your food prices. Energy costs have been added to your food prices. So what do you think will happen with this. Spain has already cut supply to us due to their problems with storms destroying greenhouses etc. this will increase supply and demand. Not all may be affected, but all will add that extra cost to their produce. If not, supermarkets will. This isn’t just about inheritance tax. We’ve got a PM stating we need to reduce our meat consumption. That means more plant based. Yet he’s just added more tax to imported fertilisers. Well reducing your livestock herd reduces natural fertiliser meaning more synthetic is needed and then it’s having tax added to it, so that’s increasing costs also. But hey, blame the farmers.
Farmers are some of the most greediest people in the UK, boo-hoo, pay the tax just like most other people have to, the minimum to start paying it is a Million Pounds (roughly owning 125 acres of land), utterly disgusting...
I assume you have never been to a working farm as your knowledge about it is lower than a worms .
Farmers are and always have been asset rich and cash poor as all their income goes into keeping the farm running and what tax they do pay funds the bone idle benefit scroungers of which i assume you are one of .
Politics of envy at its finest. You obfuscate the facts with the small percentage of rich farmers. Most are struggling. Most of our farmers are asset rich but cash poor, they support their family on less than the average wage.
You can eat the food from Bill Gates’ super farm and all the carcinogens in that. I’m sure you’ll change your mind then?
Farmers like to think they are somehow a special case. They should pay what's due like the rest of us luckilly to be in that position.
@@royboy565 Labour seem to think train drivers are a special case to give them a massive payrise yet who do you rely on more farmers or train drivers
@ this is about inheritance tax not pay rises. Besides if you work it out the rise they got didn't cover what they've lost since 2010. Farmers should stop whining on and pay inheritance tax like everybody else who has to pay it. Simple really.
Starmer will be out in a few months , his backbenchers and MPs with rural seats don’t want to lose their jobs
Other people pay inheritence tax why not farmers ? some people think they are exempt from everything !
Because they would have to sell land every generation and it may not be worth running a family farm. Farmers work extremely hard for very low profit and money has to go into equipment which costs a fortune. If the country wants to succeed we have to support communities. Farmers are vital to manage the countryside and produce food.
Farmers don't want to pay inheritance tax (only a small amount would anyway). Parents don't want to pay vat on private school education, employers don't want to pay extra NI costs. Didn't here this outcry when the tories froze wages and benefits for 2 years and then gave increases less than inflation. Pardon me if I have no sympathy for this lot of whingers.
@@richardbarton2709 so if you inherited you parents home that you went and got a second job to help pay for and furnished it then had to pay inheritance tax on it, would you be happy that the home you’ve just invested in has just been taxed.
No one should be paying inheritance taxes
Can these tractors replace the slow London taxis?!
I bet the left have never seen a Tractor.
How pathetic... only time the rich complain is when they have to pay their fair share of tax.. going on about food insecurity, when many of them grow nothing and get paid for it.., or won't grow anything because it's not "profitable enough" to grow food! UK has been importing food from abroad for decades. Talking a solute poppycock... only pay this tax over 3 million and only when the owner dies! Shameful distortion of the truth! Greed,
Time to pay up, farmers.
How long before they get yoked around like Stop Oil?
How about the government stop wasting money and robbing the people.
I hope those tractors are ULEZ charge exempt/paid otherwise they’ll have another thing to protest about when the fine drops through the door 😅
They need dipping for red diesel.
Ask the nurses, junior doctors and teachers to return the solidarity and support you showed them for 14 years.
Farmers are special though aren't they? I'm being sarcastic.
The tide of change is here, prisons, and immigrants get free rent, food, and our poor English are starving on less than healthy benefit allocations, the future will see our country taking produce from overseas and it will increment yearly, then suddenly, it will stop and it will be war... (And in our distant future, again people will ask, what was Egypt, what happened before this time, was there a war of mass destruction? It is no joke that K.S. once said in his early alcoholic days of 1986/88, "I want an all black Parliament. " [...] he was removed from that same residential home party, as one lady screamed at his profanities "Get out you nasty drunk". I clearly remember him being so drunk, he zig zagged away into the distance, unable to walk straight. It was long ago decided, by people who knew him or met him, that he is totally bonkers and not a sane man. How times change, as he portrays himself as a squeaky clean vege and it is so scary, that he now runs the country. I do believe he is the beginning of the end of England as we want it to be, and our farmers, if not supported, will mark the end for England and English people. Without FOOD we will starve if we rely too heavily on importations. And to answer, "The door is open, leave, if you don't like it." I am really thinking about it, as without our farmers, it will be a bleak and cold future in an over populated postage stamp with no food production. Ancient history tells a sad tale, if you look and we are speedily zooming towards destruction. If Russia takes the bread basket and we have no basket of our own, we will not survive a war.
What's their problem? They voted for Brexit in their droves, so they clearly want to be poorer...
You do realise that farmers are protesting all over Europe
@ruthdubh-su6lk what's that got to do with it?
@@supercadcc LOL
@@ruthdubh-su6lk no, really we left the EU. So what's your point?
aww, i bet it will have been the first time some londoners have seen a tractor in the metal.
Yeah, using tax free diesel. Always scrounging off hard working tax payers
I thought they were the new Ubers or ambulances?
The dude looks like a real estate agent.
Not a compliment.
I think Starmer will be proved right as the majority of farmer’s estates will not be subject to Inheritance Tax.
NO farms NO food
Nonsense! Go to any produce market or supermarket in any town in the UK. It’s full of food from outside the country.
No firefighters, no fires put out, no health workers no operations etc, no police, loads of crime. So farmers aren't special are they?
No rax no services no need for farmers
@@royboy565 Your comment doesn't make sense they are all essential workers
@@malhorner9210 No rax ???lol
Inheritance taxes, double taxation, should be against international law. The suggestion of it should be a violation of criminal code punishable by instant loss of citizenship and immediate deportation.
Most of the western world has a form of inheritance tax. Good luck with that barmy idea.
Is this the 7% of farmers that will actually pay the tax?
Is it correct that even the few that pay it will get 8 years to pay?
The only farmers whose inheritors will pay this are multi-millionaires. They then pay half the rate other taxpayers will need to pay and have 10 years to pay it.
...I thought it was 4%?
@@DavidJohnson-ju6ru that’s completely wrong. It’s all farmers whose assets are. So if you’re sitting on a farm that’s now worth let’s say 5 million. Your return is 5%. That’s 52,000 a year you’re bringing in. Now inheritance on that 5 million asset is 20% of 5 million minus any parental handover which government has said 1 million. So 20% of 4 million. That’s 800,000. So you’ve got 10 years to pay it off. Your wage is 52,000 but you’re paying off 80,000 each year. So for the first 10 years of owning the farm you’re going 30,000 in debt each year and have nothing to live off of. Now say you inherit it and in the meantime you die and your son then inherits it. That’s a further 800,000 on top of that because it’s inherited.
@@pitbladdodavid And that is mostly wrong. The £1 million is on top of all the other spousal exemptions and nil-rate bands that people can access for inheritance tax too. This means that two people with farmland, depending on their circumstances, can pass on up to £3 million without paying any inheritance tax. Even then, you are talking about someone who is in the wealthiest 5% of people in the UK.
@ spouse exemptions come with a list of criteria. It’s not an automatic relief. For instance how many farms are under the ownership of mum and dad. It’s not. Government have been banding around this 3 million relief. But in essence it’s only 1 due to the stipulations put in place. And again. See how much of a return these multi million farms are giving. I know many farms that the sons who would possibly inherit it run the farm and the parents pensions are the farm income. The inherited have second jobs to pay for their income and these are farms worth over £3 million. Due to the stipulations set out on how you can claim any relief and they are still paying 20% on millions where then it eats away at the inheritors pension one of these stipulations is if it’s handed over on the 7 year rule, the parents cannot be living in the house. So you are then hoping the farm has any other habitation. Well it may, but that maybe rented out to say an old farm worker or a private tenant. But even that asset is taxed upon. So now on top of that the original owner has to find another home and pay for it.
Poor farmers my arse how much do those tractors cost 😂
Probably all get sent to jail
Stuck farmer
Cupid Stunt
...their business model is the issue. They sell in bulk to supermarkets, who enjoy huge economies of scale...which by definition means farmers don't make as much money. Farmers were wealthier when they sold to independent grocers, but they had higher costs due to needing more staff but saw an opportunity to make money quicker and took it. The whole food chain is in a mess, they supported brexit making things much worse for themselves. Farmers are protesting all over Europe but here it's made worse due to our weaker trading position...the business model is the problem. Protesting won't help and neither will taxing them....having said that, it affects 4% of them....which ironically is the exact percentage that's dropped off our GDP courtesy of brexit. At least Farage is behind them...oh wait, he wants to boycott them....
Hope they're not using red diesel in those tractors and have paid the ULEZ and congestion charge.
Odd how Just Stop Oil protestors get arrested for just discussing blocking the road...
No need, agricultural machinery is exempt. It was only crooked fly tippers who had to keep an eye out for the man from the ministry. Here's the rub the crooked fly tippers used to buy the Red off of crooked farmers.
They are legally allowed to use red diesel as they are agricultral machinary the same as JCB diggers are construction machinary
@HubbaHubba64 I suggest you read the fuel duty guidance.
@@Kradlum I know the laws around fuel and red is only allowed in Plant , farm machinary and military vehicles and they must stay with a certain radius of their home base or when travelling to another location to work with exceptions for LGV's that have been to Countries like Russia where red is the common fuel in which case you get asked to drain the tank or you get 7 days to replace it .
And the sad farmers voted for Brexit!
Did they mmm
I am hungry i want to eat food
Thanks for all the congestion charge money wealthy tractor men, sweet. Only wealthy landowners can afford to drive to protest, the rest of us just walk. Slava Starmer , keep closing those loopholes, my personal favourite, the private schools paying VAT, equality is good, thanks Keir, keep up the great work. Farmers time to pay up, you voted Brexit, you helped ruin the country, take your medicine.
All these tractors are new, do not seem to be struggling
@@guth21776 yes, these tractors are faster than the London taxis!
£1 million sounds like alot, but its not of you think about how much land that is
It's not 1 million.
With all applicable reliefs, the threshold is close to 6.5 million before they will pay inheritance tax!
This is all a lie.
@dansegelov305 "with applicable reliefs" 🤨 where does the 1 figure come from?
It's normally at least out of context
I don’t have property worth £1m. Same applies to most British citizens btw. These farmers are part of “the elite” as far as I’m concerned. Tax the hell out of them.
Nonsense
$türmer the 2T WEF W⚓️ needs locking away
All of those tractors must have been through the car wash. Not a bit of muck on any of them. Just observing. PS Was Nigel there ?
I am fairly certain that if the tractor owners had WANTED to bring muck, they could have found plenty. Yes, Nigel Farage WAS there
@@johnsmith-7oo Yes Nigel was there. Was he wasn't wearing those ridicules yellow pants?
Farmers have more respect for their equipment than most city idiots
Farage jumps on any bandwagon. He has no shame.
@@royboy565 I assume that your comment is based upon your deep personal knowledge of Nigel Farage...no? How surprising, yet another single digit IQ keyboard hero strikes again. 🤮
Grave serious
Yeah no I don't feel bad for someone who could sell all their land and purchase 4 houses outright, sorry.
But they don't want to do that. ...on second thought i could be taking your rental money then ...and lots off it 😊
@KINGDon-l8c I own my house, I'm not renting.
Someone said Starmer has converted to Islam.... thats his secret.
Labour out !!!!
Its a KINGDOM 🫵🐑=W yeah?
You lost get over it
After the land to build migrant houses.
Theyve obviously got nothing better to do
They do more work in a morning before a lot of you people even crawl out of your beds and do all day.
@@PrincessGriftess-px9bk Of course they do.. They're the only people working in the morning, aren't they?.. Have you been sniffing the country air, or something?
When I worked on a farm, the farmer didn't even get out of bed until 10 because he payed other people to do the heavy work.
Farmers work no harder or less than most people. Stop making out they are some sort of special case. They aren't.
@PrincessGriftess-px9bk 😆😆
All I see is moose’ala
My tax avoidance scheme isn't working..wahhh
Brexit Curse Is Working
Needi be moved in by the police
Was it on bbc?
Yes, it was. There's a TV at work which shows BBC News, I saw the protests covered on there today. There was someone being interviewed standing in front of a tractor. I didn't stay to watch, but the story was covered.
Results of brexit
lol
Results of failed Governments
What about fairness for pigs? (And all other slaughtered animals)
Nut roast for dinner anyone?
You can tell which site reporters take by the way they describe the change to the law. Those supporting the farmers describe it as a new tax on farmers, while those supporting the government describe it as eliminating a tax exemption that applies to agricultural land. Legally it's the latter, but economically it doesn't make much difference.
I thought farmers worked all the hours of the day? Yet they have time to go have a drive round london......
It's a myth.
Rich leaving London for other countries, most fancy restaurants already feeling that in drop of profits & reservations.
Great
Farmers should stop scrounging off hard working tax payers