@@TM-yr3pc Are you a poor right winger who grovels to your feudal masters? Seen a few “patriot” accounts where they are in support of rich land owners, you couldn’t write it. They would rather stand outside Westminster with a load of Toffs than support the working class going on strike or demonstrating against austerity.
I met a wealthy guy who'd bought a villa in France with a vineyard. The law states the vineyard must always produce wine. A local family run it. He gets free wine. Where did the UK get it so wrong
Dear Solla Price Law you have fallen for Hobbs, Marx and Engels misnomer that capitalism is the fault of acquired wealth it's not it is an inherency if any process
Private school tax, inheritance tax, suddenly those in fortunate positions are upset because their being told the games up. Forgive me if i find it hard to shed any tears here.
Feltz on This Moring even using verses from the Bible to suggest how terrible this was. Of course the media have a new stick now. Victoria nailed Clarkson and he decided on asking the crowd around him. "Same old BBC" yep the company that paid you huge sums of money mate until you blew it. Would love to know how many presenters out there invested in Land for the very reason the loopholes are being closed.
not really considering that NFU and CLA have stated that the tax wont affect 550 farms but actually it will affect 70,000, which makes scenes considering the average farm in the UK has a size of 88 hectares which is worth a lot of money even in poorer land areas like wales.
James is alright, however if a child is in the will to inherit the farm they can't be expected to pay the tax bill or someone who is old enough and disabled
it is about time people talked about the owners. Is it ,Colfox in Dorset ownes loads of land and not well. Ruins everything he touches. Rips off rural workforce and small businesses.
@@edenshorthousesthouse1925If a child inherited a million pounds, they would not be expected to pay the tax bill. It comes out of the estate. We call the aristocracy farmers but they simply own lots of land and then pay someone else to do the actual farming, it is not the man doing the actual work that gets the tax break. If a farm owner leaves a farm worth 2 million, the tax bill will be around 200 hundred thousand. Here, the amount inherited is actually 1 million eight hundred thousand. If, on the other hand, a haulage company (which is also essential to get food to your table), is inherited worth 2 million, the tax bill will be twice the amount of that a farm owner would pay. Why is this fair?
I live in a very rural area. The main industries here are farming, forestry and fisheries. Most of our rural areas are simply factories. It’s all about money, not conservation. It looks green and pleasant from a distance but close up they lack biodiversity and cause river pollution due to runoff.
@@Mooray27 And as the traditional farmers are driven out by this government, so more and more of our green and pleasant land will become like this with the only variation being solar panels and houses.
We are paying a heavy price for allowing/signing off American style factory farms onto this green and pleasant island. Imports of soya and grains to feed factory farmed animals has grown hugely in the last 20 years. Local councils need to be held accountable.
Rather President Starmer do you? He is enough of a dictator without giving him more power. Maybe another Cromwell, I am sure the British will just love thirty years of war.😂😂😂
Also let's remember that we import 40% of all our food. Again farmers who actually farm deserve our support. But the truth is, a large percentage of 'farmers' are just wealthy land owners who just want to hold the assets tax free.
@@Tonypoolebcfchave you tried google for “ how much of our food is imported” It takes about as long as is did to ask for evidence or if you can spare even more time then you could have got the statistic you believe to be true and then posted that instead of asking for evidence.
@Tonypoolebcfc The evidence is available but not easily because the wealthy landowners have a lot of power beyond their assets. Look up historic EU payments for set aside relied and you'll see huge sums going to very wealthy people. The large landowners are also big in claiming rents for wind and solar generation. Just learn to think critically and follow the money. You might of course be a large landowner and be well aware of the evidence but think we're all sheep of the type without a woolly fleece.
Simple Pay your Tax like everyone elce. !!! 70% of Shropshire is owned buy one person he farms none of it ...its all leased out so he avoids... Inheritance tax ! Thats just one example !!!!
It's the same in the Peak District where the high moors are used for shooting. A practice in its current form which has only lasted for the last 200 or so years.
@cynthiamorris1874 so what's your argument.... Millionaires will own the land and farmers will lease it and farm it and have no inheritance tax to pay ... That's what you just said ! So the farms will still get farmed ??????
Before 1984 farmers payed inheritance tax at a higher rate than proposed, there were a lot more family farms back then than now. Since the tax loophole was introduced land prices have skyrocketed probably a huge reason why there are less family farms now than then.
And farmland purchased by the likes of james dyson 36000 acres of the best arable farmland in england along with his banker friends ,hedgefund managers and the very rich looking to avoid inheritance tax .
There are FAR better ways of avoiding inheritance tax than land. Gold bullion, offshore companies, offshore trusts, non tax residency, bitcoin, stock portfolios held in trust.
@villhelm this is the easiest, most reliable and they can show off to their friends when they do it. Also it's all about diversification so they will do all the others as well.
Too much land is owned by the crown, and big business, who rent back to many farmers. The 1% is not the farmers, who are often poor, but the super rich including Charles the III, and the prince of Wales who own huge areas of land in Cornwall and Devon.
They aren’t poor if they own land and assets over 3 million. They may be cash poor, but they are not poor. Have you lost your mind with that warped sense of poverty? I wish I was that “poor”. What a ridiculous thing to say.
And the church who like to be charitable to their tenants by selling off the land, turfing out their tenants and selling to property developers. Charitable to themselves of course.
@ yes. I can secure loans, and other opportunities against that 3 million sitting there. I can also earn interest, or hold onto it until it’s worth more in real terms, like many non productive farmers are doing with land. So, yes in short, obviously yes if we want it slightly longer. If it’s worth nothing, then why are they upset about being taxed on it? You’re implying it’s “fake” wealth, so, if that’s true, it won’t be struggle to pay tax on their wealth, like virtually everyone else in the country. If they sold all their assets, they’d have 3 million in the pocket, I can’t say that, neither can most people. It’s insane to imply that’s poverty in any way.
The trouble is, the very rich farmers have managed to convince these new tax changes will affect all farmers when it won't. It will only affect the rich wealthy landowners who dodge paying their fair share of taxes. The low IQ gullible farmers marching in support of rich land owning tax dodgers. Clarkson is banking on the public and the normal farmers falling for this BS. Clarkson admitted in 2021 that he only bought his land to avoid paying inheritance tax. He's a rich maggot. As for farm machinery and livestock, those are not included despite these rich people saying so. Most are offset against tax etc. Oh and by the way, I have no sympathy for these low IQ gullible farmers and land owners that voted for Brexit. KARMA.
The problem is how gullible the public of the united kingdom is and you let lies run rampant in your media. Not to mention corrupt politics. Same root problem.
But annoyingly farmers don’t call them out on it ! It’s like an old boys club all sticking together, even the poorest farmer thinks the most richest amongst them shouldn’t pay their share of tax ???!!! Phenomenal
Dyson is laughing all the way to the bank. The IHT won't affect him much but he, along with the wheat barons and PEFs will be able buy up all the smaller arable farms (£3 - 7 million) that will become uneconomic as a consequence. So Labour will essentially put more wealth into the hands of 0.1%. 1000 acres is not big for an arable farm.
@@ryantate6447he admitted in 2021 that he bought the farm to dodge IHT, that he was able to tack on a juicy TV contract is icing on the cake. He's riling up actual farmers so he can continue the grift.
@@TimComley I mean, yes it literally is. The allowance before the tax must be paid is £3,000,000. You literally have to be a multimillionaire to be effected. Agricultural land prices went up because the wealthy used it as a tax loophole which negatively effect farmers, now they tackle it and people complain. I own a business, I have had to pay 40% on anything after £650,000 since the 80's that has been the case, so boohoo that wealthy tax avoiders have to pay 20% on anything after £3,000,000 - that's better than the rest of us get.
@@gordonstrong5232 might not be as easy as you think .............very hard to get a single field to rent around here never mind a whole farm ........the big. farmers will be able to outbid you
As someone who grew up in rural heartland I can't believe the entitlement of farmers, the coverage of these protests has been absolutely insane and it's an insult to the average UK person that this is even being argued about
I attribute the hysterical coverage to the overwhelming amount of public school educated people working in our media. It’s important to distinguish between farmers and landowners though.
210,000 UK farms. 500 of which may have to pay 20% inheritance tax on excess land over the value of £3 million UNLESS they pass it on 7 years before death or sell the excess off. Well done for the honest caller
@@Pirake123 Nice stats... I 'like' the one that shows the government spends far more nationally on farm subsidies than they do on unemployment benefits...
not really considering that NFU and CLA have stated that the tax wont affect 550 farms but actually it will affect 70,000, which makes scenes considering the average farm in the UK has a size of 88 acres which is worth a lot of money even in poorer land areas like wales. And actually you got the number wrong its not 3 million its 1 million
People shouting "two-tier policing" but not "two-tier society" there are clearly rules for the many and not the few. Finally a government is stepping in to try and level the playing field
I was encourage to go to a big country show by a former upper class girlfriend (that’s a whole other story) north of Leeds 20 years ago, it was full of the “country set” in all their expensive country garb…to be honest I felt really uncomfortable being there… I was passing a large marquee when I was nabbed by a highly plummy speaking woman clad in an expensive wax cotton trench coat, knee high shooting boots, broad rimmed hat, the works. Clutching her clipboard she said “I say my dear man, would you be interested in funding our scientists to find out why the red and particularly the black grouse on the moors are dieing orffff? We need to determine, Is the horse riders? The ramblers? The mountain bike riders?” “No” I said, “You lot she stop f**king shooting them!”, at which I walked off while she huffed and puffed….
The BBC helps significantly in promoting the image of farmers as custodians of the land. Some farmers are taking positive steps however widespread intensive farming practices have caused great damage to birds, wild animals, insects, rivers and the landscape.
With a shout out to Liz Webster, if these lands were PRODUCTIVE, they would pay for themselves, and partly feed Britain. These people are landowners, not farmers. They own parks, not farms.
@@petegreenway8953 mainly because the companies that buy it pay little to make more money themselves. The distributors (the large supermarket chains) make billions in profit they could afford to pay a little more to the farmers and still makes millions in profit.
The laws and red tape they face are something the cheaper countries don’t have to adhere to. By the time you take this into consideration, the fussiness of consumers, the middlemen and the laws around small market sellers then the small farmers are lucky to break even or making a loss - who wants to work for nothing? So when those small farmers leave the parks they can’t afford to farm it will be bought by big corporations, thats what has been happening for years and now people complain.
@@SoniaH-m4g I don't know what you mean when you say "cheaper countries". The "laws and red tape" in Britain are PARTLY the result of the BSE and Anthrax outbreaks that caused so much grief around the world. The logical extension of the other thing you say is that all British consumers should pay more, because the farmers can't produce their food cheaply ... which is odd, because farmers in other countries CAN produce cheap food. And live well.
My cousin has always rented his land from the council in lincolnshire for his small farm. His dad before, that and his dad before that, rented the same land. He has about 80-100 acres. That seems to be a closer relationship to growing food for the people than the disconnected relationship between people like Dyson and the Dukes and such and the people and their food and nature protection
I am so glad the farmers kicked up a fuss about the IHT. People's eyes are being opened to the entitlement the large landowners have benefitted from for years, hiding behind the claim they are farmers and custodians of the countryside.
I worked in agriculture from the 90s and hudge amounts of land since then has been purchaced by foreign actors wishing to protect their money and the rest has been so financialized that its not family buisnesses any more, they have taken out loans against their land becuse for them farming is a hobby.
If they are foreign owners then they dont get taxed under UK law and that assumes the purchase was in their own name and not through a company which cannot benefit from agriculture relief. I dont see the connection between borrowing money which reduces tax efficiency and it being a hobby. The simple issue is agriculture relief provides a £1m tax credit against IHT that only farmers get. 100% business relief is available for trading companies, the 2 should be brought under the same tax code/reliefs and they should be grateful there is a £1m tax credit available in addition to the £325k that is the personal credit available to everyone else.
duke of Buccleuch is a massive owner of most of Scotland (200000 acres at least ) and England - no compensation for my family being cleared for sheep farming - they marry and grow the estates bigger and bigger
And those large country estates are already trusts set up to avoid IHT. These changes won’t really impact the very wealthy. It’ll only impact family farms who can’t afford the expensive tax planners.
@@ilokiviI think there could be an audit of how the land was gained, then judge that. If your GG grandfather stole that land or acquired it in an illegal way the land could be re-distrubuted. Im not talking little farmers, Im talking about the Dukes and old families.
Clarkson definitely made the shooting remark purely to divert attention from the reality of dodging tax whilst pandering to the right wing land owners.
You are so spot on with this. Sadly it is the small family owned farmers who are rich in the value of their assets and poor from the income they produce who will disappear not the big boys and girls
Sure but we gotta close each loophole at a time, keep turning the screws until its impossible. Of course I fully expect the tories to win the next election and immediately reverse all the improvements to tax enforcement for their rich donors
The more money people have the less they want to part with it. Its the Duke of Devonshire & Fitzwilliam Wentworth Estates(owned by Lord Milton) near me. They own swathes of the local moorland near me. A huge chunk of the Peak District near Sheffield as he mentions managed for grouse/pheasants so rich people can shoot birds for a month of the year to the detriment of other wildlife.
There are~20+ million "parcels" of Land in the UK (Land Registry). Guess who owns them? No one knows! - you have to PAY £30 per parcel of Land to do a search (compare this to Companies house - searching is free). Many Parcels are owned by Offshore Trusts - which most likely are UK financial institutions, and / or genuine Farmers - doing a tax dodge. Further, if Land stays within a family for generations (think in terms of 1,000+ years) , there is no record of a "sale" of land, and consequently no entry in the Land Registry at all... The whole system needs to be fixed and made transparent.
There is great video by Richard J Murphy which talks about this inheritance tax and how farm land was being purchased and used as a financial instrument which has inflated its value etc. It well worth finding it and watching it.
1% owns the land? That's your problem. Americans have the right to own their own land. And ... American farmers pay annual taxes. No sympathy for British farmers, especially since a majority of them voted for Brexit.
Hmm while I support the context of your point... I'd have a look at who actually owns land in the USA, I'd guess that the 1% largely owns American land accompanied by large corporations.
if the Gov is short of money could they not go after all the scammers who made fortunes during COVID? As far as farms are concerned seems completely fair that wealthy landowners should pay tax without punishing the small active farmers and pensioners.
If the Government is short of money they can start by going after themselves to set an example, then they can stop unaffordable pensions to public sector workers, then stop illegal immigration, then to foreign aid. I think you will find our finances will be fine after that
Small family farms are being squeezed out by exactly the kind of people Clarkson and co were representing yesterday. Where I grew up there were 5 farms all around 250 acres each that were owned or tenanted by individual families. Now not one farm is owned locally and all of them had the field boundaries and hedgerows bulldozed to make giant slabs of land that are farmed on a permanent cycle of spring barley for malting. The farm buildings themselves have either been bulldozed also are sitting derelict. No grass leys, no crop rotations. The idea that Clarkson represents small farms is nonsense.
Watched a program regarding policing in Scotland last night and they were investigating a missing satellite tracked eagle that nested near land used for grouse shooting. They hinted that it was probably a gamekeeper that had killed it but had no proof. Truly being custodians of that land.
"Hinted.. . But no proof" - Wild creatures live, and die, in the habitats that support them. Strangely enough, the habitats tended for game management support them better than anywhere else... But let's believe in skulduggery! The book plugged in this interview works on the same premise: insinuation, misdirection and emotional exploitation. JOB could have ripped through it -as he rips through Brexit nonsense- but he chose to lap it up. A shame.
As someone in Canada, where we know that Indigenous people are the true guardians of the land, this idea of the "land needs to be owned to be protected" feels so very very wrong. An oxymoron even.
@@deathandthehermit4283it's ok, we get it, ignore the troll. So how's it done in Canada? Is land held in public hands or is it unowned or gifted to tribes?
This inheritance tax will reduce the price of farming land and peice for housing as well. It is a win for everyone except rich farmers and tax dodgers.
Who will end up buying that land? I'll tell you because it is already happening now, private equity firms, huge farming conglomerates and wheat barons. Labour's IHT will put more wealth into the hands of the few at the expense of the not so many.
My family had to pay inheritance tax on my mums house when she died so why is that people with really big houses/land do not seem to. Just because you produce something should not make you excempt everybody works to get by. The farm next door to me is an estate and is just a factory farm who make out that they are enviromental but are not and only care about how much money they can get and bytw it is now owned by a politician from the opposite party whos wife inherited it. Someone who tennant farmed part of the estate has since left because of the estates bad management.
These Earls and Co destroy the countryside, yet it's the everyday people that make all the sacrifices to change their lifestyle, and we remain culpable to environmental effects, and the hierarchy continues to live their lavish lives without making any changes, and their legacies are passed down to the next generation.
Do they ? I live in a rural farming area and i can say most small farms are hobby farmers , typically an ex accountant that realized all they needed was 75 acres and live off the subsidies entirely renting the land out . This really annoys the everybody else on universal credit or less that do not get any help , subsidized fuel and an avenue to collect a living on subsidies for what reason ? They see also the calamitous decline of wildlife and water quality we all have to live with . Many rural areas are red air rated due to Ammonia levels , often killing labourers here at a young age .
I dont remember Clarkson going out to support our striking nurses when they needed a pay increase, but hes front and centre for rich farmers/land owners...
I learnt about this in English history, how the nobles wrote and passed law and kings who gave away large amounts of lands to few people and the rest of the people were known as paupers. And now little people are paying their tax money for the royal and dukes and duchess who lavish life style at their expenses and the government picks on disability benefits. It's amazing how British people love being servants to their upper class gentry.
Tax the big landowners. Those owning more than 200 acres pay 5% tax, over 500 acres 10% over 1000 15%. Right up to 90% That will break up the giant estates and bring down land prices, which will also have the benefit of bringing down house prices as land price is a major part of new build prices.
I'm a farmer's boy, I'm not in it now. If I wanted to start farming from scratch. Get a loan, buy a farm, buy all the equipment, livestock, I need to be profitable, there's absolutely no chance I could succeed, the interest payments would far outweigh the earning potential from farming, because land is hugely overpriced.
If the government wanted to bring down the price of farmland they would introduce a full 40% tax on anyone who’d bought land in the last 20 (or since investors started buying it up as an IHT avoidance) and wasn’t actively farming it themselves, or an immediate family member. They’d also put the threshold on a downward sliding scale that stated at £5m and dropped to perhaps £2m as land prices dropped. This plan screws family farms, but leaves the wealthy paying 20% IHT on assets rather than 40%. The ultra wealthy will already have complicated legal tax avoidance schemes, such as trusts so won’t be impacted by IHT at all.
If the government wanted to bring down the price of farmland they would introduce a full 40% tax on anyone who’d bought land in the last 20 (or since investors started buying it up as an IHT avoidance) and wasn’t actively farming it themselves, or an immediate family member. They’d also put the threshold on a downward sliding scale that stated at £5m and dropped to perhaps £2m as land prices dropped. This plan screws family farms, but leaves the wealthy paying 20% IHT on assets rather than 40%. The ultra wealthy will already have complicated legal tax avoidance schemes, such as trusts so won’t be impacted by IHT at all.
Great stuff. I own and run a two acre market garden from which I supply 40 people a weekly veg box. Last year I earned just over the tax threshold. In other words this isn't a business in any meaningful sense, but I do have bills to pay. My local council says it wants to encourage and help local food production and employs three people to do just that. Yet I get zero support from any government body, financial or otherwise. To genuinely encourage other people to produce food locally, it's clear that agricultural subsidy needs to be directed away from the very wealthy. And don't even get me started on James Dyson, that tax-dodging shyster.
Inheritance tax on farmland reduces the incentive to use farmland as a financial instrument. Reducing the incentive to use farmland as a financial instrument reduces the value of farmland. Reducing the value of farmland reduces the likelihood that working farms will attract inheritance tax.
What was risible was seeing Clarkson call out the BBC?! Now if that's not literally biting the hand that has fed you, and rather handsomely at that, I don't know what is.
@@me-xi6ce Don't instruct me on what to say. I know it is taxing on your Guardian-addled brain but I do not like *that particular woman* , not *all women* . Please try to understand the difference.
This is all a nice idea in principle but if large swathes of land go up for sale it is only wealthy people and large corporations who will buy most of it up (just look at what has happened in America). The large corporations especially will use that land to generate as much money as possible usually at the expense of animal welfare and the environment. If the Government genuinely wants a fairer distribution of land, maybe they should enact legislation to prevent corporations buying the land and limit private land ownership to 1000 acres for new land acquisitions and provide substantial tax breaks for community farms, run by local people.
yes, they should have first set in place measures to make sure any sales of land weren't exploited (similar needs to be done to address housing). hopefully it follows but I'm not overly confident.
@matthewdobson100 I couldn't agree more, as a lot of new flats in London are bought up by foreign buyers (especially Far Eastern) and then just left empty.
There's a lot of criticism of industrial agriculture, but no complaints about the proportion of an average person's income that is spent on food being far smaller than it was fifty years ago
I'd rather pay more for my food (and less for my mortgage) if it meant more small farmers and keeping more of my money in local economy. also people eat too much and of a lower quality of food, so it's a false economy and leads to other issues.
Excellent discussion and I appreciated the reference made by the knowledgeable contributor to the debate and action taken in Scotland over the last few years. It’s worthwhile visiting these places to gain an understanding of what can be done if local communities are given the power to manage the land they live on.
Used to be a farmer but sold finally the farm because of the inhertance tax which my income could never manage to pay-was a small milk producer. Cereal farmers have destroyed the environnement followed by intensive cattle producers. Big land owners are historically very greedy and its a pity all farmers are thrown into the same basket. This tax change should have been made to keep the small and medium farmers.
@@user-py2mf3nb8gSo, because farmers supply food and we all need food to live, (but we can get food from many other suppliers) And this is supposedly a reason for them not to pay the taxes that anyone else is obliged to pay. By that token, surely investors in the privatised water companies should be exempt from all taxes, because we all need water to live. (And we can't get water from other suppliers) CAN WE ???
@@mistyqqqSo, because farmers supply food and we all need food to live, (but we can get food from many other suppliers) And this is supposedly a reason for them not to pay the taxes that anyone else is obliged to pay. By that token, surely investors in the privatised water companies should be exempt from all taxes, because we all need water to live. (And we can't get water from other suppliers) CAN WE ???
@ I think you would be wise not to rely on getting food from other suppliers , remember we are an island and very vulnerable. The moment we cannot feed ourselves food prices would go through the roof and we will be held to ransom.
Clarksons farm demonstrates that he told to diversify and yet the shop and the restaurant where he could sell not only his produce but other farmers were both curtailed by the council. Should they not be going after the superstores
they lost control, or rather never had it, of the narrative. not helped by the mostly conservative owned mainstream and social media dictating a lot of it. given Labour knew that people wanted real change and were almost guarenteed a majority at the last election they still fear putting anything out that can be attacked by the mostly right wing conservative media. it's sad really.
You’ve got small farmers borrowing against the increase in land prices. So they don’t really own the land, the bank does. I feel for genuine small farmers who work their own land. Look at where the profit from food production (and from food waste) is going. It’s not to small farmers. I hope the government also helps small farmers get a fair share of the profits from food and prevent big food companies from simply passing this on to customers.
In 2022, 8.9 million hectares of land in England was farmable of which 64% was wholly or partly tenant holdings. So most of the land is farmed by people who aren't going to be hit by inheritance tax changes.
I have cousin's & friends in the farming industry PROTECT the small farm holders we must but ..................YES go after the greedy Duke's and corporate land grabers PLEASE DO!!
Lincolnshire is almost feudal, where the land owners control the farmers. When they tell the farmers to go and protest they have to or get off the land. My parents had a small farm there.
OK everyone. If we think inheritance tax is immoral, then why aren't people outraged by the fact that that when a person has to go into long term care, they have to sell all there assets to pay for it, and hence cannot bequeath their family home to their children? This policy has been on the books since the 1980's, so why aren't people protesting against that?
Loving the irony that tax dodging google's algorithm picked up the theme of this video & inserted an advert for tax free investment provider into the middle
@georgedoorley5628 Most farms will not pay any inheritance tax at all . Rich people have been buying up farmland as a tax dodge . Farmers should get angry with people like Clarkson and Dyson, who have bought this on them .
After hearing both sides of the argument I think I agree with this tax policy. Unfortunately farage thinks it’s a voter base issue, his base should embrace the white working class but this will alienate him. I don’t care if these multi millionaire landowners have to pay inheritance tax, especially after being reminded that millions of acres are used for grouse shooting, field sports as it’s called and not for growing food or providing affordable housing for the rural poor
Never seen a poor farmer,I remember butter mountains,milk lakes etc food ploughed back into the land to keep prices artistically high,potato picking week when kids were used as cheap labour and on and on “PAY YOUR FAIR SHARE “
Grovenors son, the Duke of Westminster inherited £9 billion worth of land and property and avoided paying inheritance tax. That's just not right.
Why?
@@TM-yr3pcBecause his distant ancestors stole the land from people they murdered? Unexplained wealth orders should be applied retrospectively.
@@TM-yr3pchis father was once asked for business advice and he said "Have an ancestor who was close friends with William the conqueror."
@@TM-yr3pc
Are you a poor right winger who grovels to your feudal masters?
Seen a few “patriot” accounts where they are in support of rich land owners, you couldn’t write it.
They would rather stand outside Westminster with a load of Toffs than support the working class going on strike or demonstrating against austerity.
He is very well protected and always will be. They are just better than plebs.
The French model works, you can’t buy farmland if your not going to farm it
I met a wealthy guy who'd bought a villa in France with a vineyard. The law states the vineyard must always produce wine. A local family run it. He gets free wine. Where did the UK get it so wrong
and they shold make a law to. you buy a house to live inn , not to rent or flip for profit . they dont want to do thats the problem
Most of the Land Owners you refer to rent the majority of the land to Tenant Farmers, so the land is used for Farming.
@@ohhdini Rich and silly Tories thats where we went wrong
@@gavinwilln7571 unless they have a change of mind then you are off the land bye bye
1% owning 50% of the land is a pretty big indicator of where the problem lies.
How much more will they own after the farmers have to sell up
to them for cheap?
Smart business. Owning land for food and owning water will be the future, given their importance and us running out as a species.
Dear Solla Price Law you have fallen for Hobbs, Marx and Engels misnomer that capitalism is the fault of acquired wealth it's not it is an inherency if any process
@neilandrews8768 the farmers are part of the 1% 😂
@@Dynasty1818 they were smart enough to be born to the right parents and inherit their assets 👍
Private school tax, inheritance tax, suddenly those in fortunate positions are upset because their being told the games up. Forgive me if i find it hard to shed any tears here.
Should of work as hard as we did then!!!! and maybe you could afford it too .... but no you just want us to pay YOU to have it all.
@@antiwoke6888 😂😂😂 I love your humour there.
Your chosen screen name screams all people are required to know about your ignorance.
@antiwoke6888
@@antiwoke6888People don’t generally own land as a result of hard work.
@antiwoke6888.
Oh dear, old chum.
Finally someone calling out the nonsense and tantrums.
Please protect this man, about time some light is shone on this shady business.
Feltz on This Moring even using verses from the Bible to suggest how terrible this was.
Of course the media have a new stick now. Victoria nailed Clarkson and he decided on asking the crowd around him. "Same old BBC" yep the company that paid you huge sums of money mate until you blew it. Would love to know how many presenters out there invested in Land for the very reason the loopholes are being closed.
not really considering that NFU and CLA have stated that the tax wont affect 550 farms but actually it will affect 70,000, which makes scenes considering the average farm in the UK has a size of 88 hectares which is worth a lot of money even in poorer land areas like wales.
You can not make a living from 88acres of arable land by growing food. The average profit per acre is about 90 quid
@@fatshartspunhouse2403 my bad meant to say hectares
It's incredible to see poor people defending billionaires. Go figure!
Insert "we are in the same boat" meme
This was one of the best discussions covering the farm controversy. Thanks James.😊
James is alright, however if a child is in the will to inherit the farm they can't be expected to pay the tax bill or someone who is old enough and disabled
it is about time people talked about the owners. Is it ,Colfox in Dorset ownes loads of land and not well. Ruins everything he touches. Rips off rural workforce and small businesses.
@johnsmith9903 20 dukes own over 1m acres ffs
Dukes ffs is this game of thrones 😊
@@edenshorthousesthouse1925If a child inherited a million pounds, they would not be expected to pay the tax bill. It comes out of the estate. We call the aristocracy farmers but they simply own lots of land and then pay someone else to do the actual farming, it is not the man doing the actual work that gets the tax break.
If a farm owner leaves a farm worth 2 million, the tax bill will be around 200 hundred thousand. Here, the amount inherited is actually 1 million eight hundred thousand. If, on the other hand, a haulage company (which is also essential to get food to your table), is inherited worth 2 million, the tax bill will be twice the amount of that a farm owner would pay. Why is this fair?
@Alex-y2r6p they been doing a Putin and attempting land grabbing agendas
I live in a very rural area. The main industries here are farming, forestry and fisheries. Most of our rural areas are simply factories. It’s all about money, not conservation. It looks green and pleasant from a distance but close up they lack biodiversity and cause river pollution due to runoff.
@@Mooray27 And as the traditional farmers are driven out by this government, so more and more of our green and pleasant land will become like this with the only variation being solar panels and houses.
@ it’s sad. Massive changes are needed in farming.
We are paying a heavy price for allowing/signing off American style factory farms onto this green and pleasant island. Imports of soya and grains to feed factory farmed animals has grown hugely in the last 20 years. Local councils need to be held accountable.
The fact that parts of this planet still tolerate Royalty and in some cases worships it, blows my mind. We are such a peculiar species.
Rather President Starmer do you? He is enough of a dictator without giving him more power. Maybe another Cromwell, I am sure the British will just love thirty years of war.😂😂😂
Rather that than ‘worshiping’ a president. The thought of a President Boris or Farage is a nightmare scenario!
@@Maxigirl5523Starmer and Labour have a 5 year mandate. Get over it.
@@kevinshanahan6064 They won't make five years as they will be voted out by a no confidence vote
Don’t worry - we’re not on our own, check out ants and wasps!
Also let's remember that we import 40% of all our food. Again farmers who actually farm deserve our support. But the truth is, a large percentage of 'farmers' are just wealthy land owners who just want to hold the assets tax free.
48%
Where,s your evidence
@@Tonypoolebcfc are you asking me?
@@Tonypoolebcfchave you tried google for “ how much of our food is imported”
It takes about as long as is did to ask for evidence or if you can spare even more time then you could have got the statistic you believe to be true and then posted that instead of asking for evidence.
@Tonypoolebcfc The evidence is available but not easily because the wealthy landowners have a lot of power beyond their assets. Look up historic EU payments for set aside relied and you'll see huge sums going to very wealthy people. The large landowners are also big in claiming rents for wind and solar generation.
Just learn to think critically and follow the money. You might of course be a large landowner and be well aware of the evidence but think we're all sheep of the type without a woolly fleece.
Simple Pay your Tax like everyone elce. !!! 70% of Shropshire is owned buy one person he farms none of it ...its all leased out so he avoids... Inheritance tax ! Thats just one example !!!!
I'm in Shropshire. Who are you referring to?
It's the same in the Peak District where the high moors are used for shooting. A practice in its current form which has only lasted for the last 200 or so years.
who is that i wonder im in sHROPSHIRE
And more of that will happen now.
@cynthiamorris1874 so what's your argument.... Millionaires will own the land and farmers will lease it and farm it and have no inheritance tax to pay ... That's what you just said ! So the farms will still get farmed ??????
Before 1984 farmers payed inheritance tax at a higher rate than proposed, there were a lot more family farms back then than now. Since the tax loophole was introduced land prices have skyrocketed probably a huge reason why there are less family farms now than then.
And farmland purchased by the likes of james dyson 36000 acres of the best arable farmland in england along with his banker friends ,hedgefund managers and the very rich looking to avoid inheritance tax .
professor Richard J Murphy has just done an excellent factual video on this subject from the economic standpoint.
1986 iht was created before then it was called capital transfer tax your point very valid
There are FAR better ways of avoiding inheritance tax than land. Gold bullion, offshore companies, offshore trusts, non tax residency, bitcoin, stock portfolios held in trust.
@villhelm this is the easiest, most reliable and they can show off to their friends when they do it. Also it's all about diversification so they will do all the others as well.
Too much land is owned by the crown, and big business, who rent back to many farmers. The 1% is not the farmers, who are often poor, but the super rich including Charles the III, and the prince of Wales who own huge areas of land in Cornwall and Devon.
And Somerset
They aren’t poor if they own land and assets over 3 million. They may be cash poor, but they are not poor.
Have you lost your mind with that warped sense of poverty? I wish I was that “poor”.
What a ridiculous thing to say.
And the church who like to be charitable to their tenants by selling off the land, turfing out their tenants and selling to property developers. Charitable to themselves of course.
@MatthewSmith-xl5cr if I put 3 million pounds in your bank account, but told you you couldn't spend it would you be rich?
@ yes.
I can secure loans, and other opportunities against that 3 million sitting there. I can also earn interest, or hold onto it until it’s worth more in real terms, like many non productive farmers are doing with land.
So, yes in short, obviously yes if we want it slightly longer.
If it’s worth nothing, then why are they upset about being taxed on it? You’re implying it’s “fake” wealth, so, if that’s true, it won’t be struggle to pay tax on their wealth, like virtually everyone else in the country.
If they sold all their assets, they’d have 3 million in the pocket, I can’t say that, neither can most people. It’s insane to imply that’s poverty in any way.
The trouble is, the very rich farmers have managed to convince these new tax changes will affect all farmers when it won't. It will only affect the rich wealthy landowners who dodge paying their fair share of taxes. The low IQ gullible farmers marching in support of rich land owning tax dodgers. Clarkson is banking on the public and the normal farmers falling for this BS. Clarkson admitted in 2021 that he only bought his land to avoid paying inheritance tax. He's a rich maggot. As for farm machinery and livestock, those are not included despite these rich people saying so. Most are offset against tax etc. Oh and by the way, I have no sympathy for these low IQ gullible farmers and land owners that voted for Brexit. KARMA.
What a load of absolute garbage.
The problem is how gullible the public of the united kingdom is and you let lies run rampant in your media. Not to mention corrupt politics. Same root problem.
@@dt3460 thank you for your contribution, how so?
@@dt3460 Profound rebuttal. We have an Oxbridger here, and a captain of the debate team at that.
@@inso80100% true
These Farmers (not Land Owners) are being conned by such as Dyson and Clarkson, especially Tenant Farmers.
Yeh because clarkson is definitely in the business of conning farmers. Just think
just like they were conned into voting to leave the EU.
But annoyingly farmers don’t call them out on it ! It’s like an old boys club all sticking together, even the poorest farmer thinks the most richest amongst them shouldn’t pay their share of tax ???!!! Phenomenal
Dyson is laughing all the way to the bank. The IHT won't affect him much but he, along with the wheat barons and PEFs will be able buy up all the smaller arable farms (£3 - 7 million) that will become uneconomic as a consequence. So Labour will essentially put more wealth into the hands of 0.1%. 1000 acres is not big for an arable farm.
@@ryantate6447he admitted in 2021 that he bought the farm to dodge IHT, that he was able to tack on a juicy TV contract is icing on the cake.
He's riling up actual farmers so he can continue the grift.
At the end of the day it's a bunch of millionaires not wanting to pay their dues .
And you’d know 🙄
@@TimComley I mean, yes it literally is. The allowance before the tax must be paid is £3,000,000. You literally have to be a multimillionaire to be effected.
Agricultural land prices went up because the wealthy used it as a tax loophole which negatively effect farmers, now they tackle it and people complain.
I own a business, I have had to pay 40% on anything after £650,000 since the 80's that has been the case, so boohoo that wealthy tax avoiders have to pay 20% on anything after £3,000,000 - that's better than the rest of us get.
Affected
@@TimComleyanyone who is a tiny bit informed knows the 1% dodge paying tax
convincing middle class and working class people to also not pay their dues
I've read his first book and it is an eye opener.
Required reading for everyone who cares about the UK.
Lots of tenant farmers won't be affected by the IHT changes because they don't own the land they farm on
In fact they will benefit as land prices will drop reducing there rent
I’m in that boat however the landlords will either kick tenants off to maximise the tax breaks or hike up rents to cover the bill
What if their landlord has to sell the land ?
@@judithmorganjudyteen They can rent from the new owner.
@@gordonstrong5232 might not be as easy as you think .............very hard to get a single field to rent around here never mind a whole farm ........the big. farmers will be able to outbid you
As someone who grew up in rural heartland I can't believe the entitlement of farmers, the coverage of these protests has been absolutely insane and it's an insult to the average UK person that this is even being argued about
If you have a family business, you should be able to pass it on to your family. Not just a business but their home too.
I attribute the hysterical coverage to the overwhelming amount of public school educated people working in our media. It’s important to distinguish between farmers and landowners though.
@@catherinelear9713 Why? It's a business, it should pay its taxes.
210,000 UK farms. 500 of which may have to pay 20% inheritance tax on excess land over the value of £3 million UNLESS they pass it on 7 years before death or sell the excess off. Well done for the honest caller
That’s 500 a year
@xlp3t3r Yes, around 7% of estates
Its worse even, they can claim Business Property Relief and Agricultural Farm Relief which is up to £ 5 million for a couple with a farm
@@Pirake123 Nice stats... I 'like' the one that shows the government spends far more nationally on farm subsidies than they do on unemployment benefits...
not really considering that NFU and CLA have stated that the tax wont affect 550 farms but actually it will affect 70,000, which makes scenes considering the average farm in the UK has a size of 88 acres which is worth a lot of money even in poorer land areas like wales. And actually you got the number wrong its not 3 million its 1 million
People shouting "two-tier policing" but not "two-tier society" there are clearly rules for the many and not the few. Finally a government is stepping in to try and level the playing field
Did you mean to say the workers and not the scroungers
Even Starmer and his band of never do wells cant get everything wrong !
I was encourage to go to a big country show by a former upper class girlfriend (that’s a whole other story) north of Leeds 20 years ago, it was full of the “country set” in all their expensive country garb…to be honest I felt really uncomfortable being there… I was passing a large marquee when I was nabbed by a highly plummy speaking woman clad in an expensive wax cotton trench coat, knee high shooting boots, broad rimmed hat, the works. Clutching her clipboard she said “I say my dear man, would you be interested in funding our scientists to find out why the red and particularly the black grouse on the moors are dieing orffff? We need to determine, Is the horse riders? The ramblers? The mountain bike riders?” “No” I said, “You lot she stop f**king shooting them!”, at which I walked off while she huffed and puffed….
clarkson and co conning average joe again. he did it to avoid tax, thats why they need going after.
Funny thing is him blowing on about he bought the farm to avoid tax is the main reason for the tax 😹
@@Kodakcompactdisc yup. those who will be affected should go after clarkson, he grassed them up
@@kanedNunablebut but but he’s defending them he’s stood there defending them! 🤦🏻♂️
The BBC helps significantly in promoting the image of farmers as custodians of the land. Some farmers are taking positive steps however widespread intensive farming practices have caused great damage to birds, wild animals, insects, rivers and the landscape.
With a shout out to Liz Webster, if these lands were PRODUCTIVE, they would pay for themselves, and partly feed Britain. These people are landowners, not farmers.
They own parks, not farms.
producing food pays terribly
@@petegreenway8953Then the land wouldn't be expensive and the tax on it would be commensurately low or non-existent
@@petegreenway8953 mainly because the companies that buy it pay little to make more money themselves. The distributors (the large supermarket chains) make billions in profit they could afford to pay a little more to the farmers and still makes millions in profit.
The laws and red tape they face are something the cheaper countries don’t have to adhere to. By the time you take this into consideration, the fussiness of consumers, the middlemen and the laws around small market sellers then the small farmers are lucky to break even or making a loss - who wants to work for nothing?
So when those small farmers leave the parks they can’t afford to farm it will be bought by big corporations, thats what has been happening for years and now people complain.
@@SoniaH-m4g I don't know what you mean when you say "cheaper countries".
The "laws and red tape" in Britain are PARTLY the result of the BSE and Anthrax outbreaks that caused so much grief around the world.
The logical extension of the other thing you say is that all British consumers should pay more, because the farmers can't produce their food cheaply ... which is odd, because farmers in other countries CAN produce cheap food. And live well.
Thanks for getting Guy on, this conversation needs more attention than any other on this topic. 👍
First Brexit, then the love of the feudal system. What a stupid country.
I'm so glad you brought up this subject. No one talks about it. It's disgusting. We have to go after this issue. Get our land back!!!!
And what are you going to do with it when you get it
My cousin has always rented his land from the council in lincolnshire for his small farm. His dad before, that and his dad before that, rented the same land. He has about 80-100 acres. That seems to be a closer relationship to growing food for the people than the disconnected relationship between people like Dyson and the Dukes and such and the people and their food and nature protection
I am so glad the farmers kicked up a fuss about the IHT. People's eyes are being opened to the entitlement the large landowners have benefitted from for years, hiding behind the claim they are farmers and custodians of the countryside.
I worked in agriculture from the 90s and hudge amounts of land since then has been purchaced by foreign actors wishing to protect their money and the rest has been so financialized that its not family buisnesses any more, they have taken out loans against their land becuse for them farming is a hobby.
For them, farming is not a hobby, it's a tax dodge.
If they are foreign owners then they dont get taxed under UK law and that assumes the purchase was in their own name and not through a company which cannot benefit from agriculture relief. I dont see the connection between borrowing money which reduces tax efficiency and it being a hobby. The simple issue is agriculture relief provides a £1m tax credit against IHT that only farmers get. 100% business relief is available for trading companies, the 2 should be brought under the same tax code/reliefs and they should be grateful there is a £1m tax credit available in addition to the £325k that is the personal credit available to everyone else.
There's still a lot of family farms left! Not as many, but a lot
Very informative. Excellent analysis. The best journalism.
James, you've just had a really great guy on your programme. Well done, as he makes so much sense. Best wishes. Al.
duke of Buccleuch is a massive owner of most of Scotland (200000 acres at least ) and England - no compensation for my family being cleared for sheep farming - they marry and grow the estates bigger and bigger
And those large country estates are already trusts set up to avoid IHT. These changes won’t really impact the very wealthy. It’ll only impact family farms who can’t afford the expensive tax planners.
Rich go to London to complain about paying taxes on stolen land.
If they didn’t bring it into being and didn’t acquire it from somebody who did, the title is voidable and all claims are void.
@@ilokiviI think there could be an audit of how the land was gained, then judge that. If your GG grandfather stole that land or acquired it in an illegal way the land could be re-distrubuted. Im not talking little farmers, Im talking about the Dukes and old families.
Clarkson definitely made the shooting remark purely to divert attention from the reality of dodging tax whilst pandering to the right wing land owners.
It's a bit of an eye opener to how gullible people are... 😂
Problem is the really rich landowners still wont be effected by this change. They sill just put their wealth in trust to avoid it.
Well they should go after that too.
You are so spot on with this. Sadly it is the small family owned farmers who are rich in the value of their assets and poor from the income they produce who will disappear not the big boys and girls
Sure but we gotta close each loophole at a time, keep turning the screws until its impossible.
Of course I fully expect the tories to win the next election and immediately reverse all the improvements to tax enforcement for their rich donors
The more money people have the less they want to part with it. Its the Duke of Devonshire & Fitzwilliam Wentworth Estates(owned by Lord Milton) near me. They own swathes of the local moorland near me. A huge chunk of the Peak District near Sheffield as he mentions managed for grouse/pheasants so rich people can shoot birds for a month of the year to the detriment of other wildlife.
Well done, this information needs to get out to more of the public.
There are~20+ million "parcels" of Land in the UK (Land Registry). Guess who owns them? No one knows! - you have to PAY £30 per parcel of Land to do a search (compare this to Companies house - searching is free). Many Parcels are owned by Offshore Trusts - which most likely are UK financial institutions, and / or genuine Farmers - doing a tax dodge. Further, if Land stays within a family for generations (think in terms of 1,000+ years) , there is no record of a "sale" of land, and consequently no entry in the Land Registry at all... The whole system needs to be fixed and made transparent.
There is great video by Richard J Murphy which talks about this inheritance tax and how farm land was being purchased and used as a financial instrument which has inflated its value etc. It well worth finding it and watching it.
Didn't these same custodians of the land claim that fox-hunting is essential?
1% owns the land? That's your problem. Americans have the right to own their own land. And ... American farmers pay annual taxes. No sympathy for British farmers, especially since a majority of them voted for Brexit.
Who’s been buying all the land in the west of America, you know the land that won’t be affected by flooding when the seas rise
Hmm while I support the context of your point... I'd have a look at who actually owns land in the USA, I'd guess that the 1% largely owns American land accompanied by large corporations.
America is just as unequal
If only you knew how wrong you are about this. BLM owns most of the last here and people like Ted Turner owns millions of hectares
What on earth are you talking about?
if the Gov is short of money could they not go after all the scammers who made fortunes during COVID? As far as farms are concerned seems completely fair that wealthy landowners should pay tax without punishing the small active farmers and pensioners.
Fraud investigation costs
Percentage chance of recouping even 20% is minimal
A pointless exercise
If the Government is short of money they can start by going after themselves to set an example, then they can stop unaffordable pensions to public sector workers, then stop illegal immigration, then to foreign aid. I think you will find our finances will be fine after that
Small family farms are being squeezed out by exactly the kind of people Clarkson and co were representing yesterday. Where I grew up there were 5 farms all around 250 acres each that were owned or tenanted by individual families. Now not one farm is owned locally and all of them had the field boundaries and hedgerows bulldozed to make giant slabs of land that are farmed on a permanent cycle of spring barley for malting. The farm buildings themselves have either been bulldozed also are sitting derelict. No grass leys, no crop rotations. The idea that Clarkson represents small farms is nonsense.
Watched a program regarding policing in Scotland last night and they were investigating a missing satellite tracked eagle that nested near land used for grouse shooting. They hinted that it was probably a gamekeeper that had killed it but had no proof.
Truly being custodians of that land.
"Hinted.. . But no proof" - Wild creatures live, and die, in the habitats that support them. Strangely enough, the habitats tended for game management support them better than anywhere else... But let's believe in skulduggery! The book plugged in this interview works on the same premise: insinuation, misdirection and emotional exploitation. JOB could have ripped through it -as he rips through Brexit nonsense- but he chose to lap it up. A shame.
Great interview. Very informative.
As someone in Canada, where we know that Indigenous people are the true guardians of the land, this idea of the "land needs to be owned to be protected" feels so very very wrong. An oxymoron even.
So you’re against land ownership for indigenous First Nations? Telling
@deephouse733 Not what I said, man.
@@deathandthehermit4283it's ok, we get it, ignore the troll.
So how's it done in Canada?
Is land held in public hands or is it unowned or gifted to tribes?
Brilliant interview and really explains the farmers and land owners and how some have been having it off rotten not small framers but the fake farmers
This inheritance tax will reduce the price of farming land and peice for housing as well. It is a win for everyone except rich farmers and tax dodgers.
And a huge win for all your immigrants on benefits who can now have a HOUSE ... enjoy !!!!!
@antiwoke6888 are you okay, genuine question?
@antiwoke6888 love that you're going through all the comments and spouting nonsense - cry harder mate 😂😂😂
Who will end up buying that land? I'll tell you because it is already happening now, private equity firms, huge farming conglomerates and wheat barons. Labour's IHT will put more wealth into the hands of the few at the expense of the not so many.
How is it a 'win-win' when the next buyers of the land will use it for nefarious purposes?
Great book, highly recommend. Should be compulsory reading in schools.
Guy Shrubsole's book on the UK's rainforests was excellent, I need to get his latest soon!
Here in Cornwall, about 42,000 acres is owned by Prince William!
and before him it was prince charles (our king) perhaps farmers should give charles a ring for a bit of tax avoidance advice
Land Tax. Now.
food prices will rise .......the money has to be got from somewhere .......be very careful what you wish for
My family had to pay inheritance tax on my mums house when she died so why is that people with really big houses/land do not seem to. Just because you produce something should not make you excempt everybody works to get by. The farm next door to me is an estate and is just a factory farm who make out that they are enviromental but are not and only care about how much money they can get and bytw it is now owned by a politician from the opposite party whos wife inherited it. Someone who tennant farmed part of the estate has since left because of the estates bad management.
123 acres at roughly 12-15K per acre, you don't have to be a genius to do the maths.
The rate at which the tax comes in needs to be higher.
These Earls and Co destroy the countryside, yet it's the everyday people that make all the sacrifices to change their lifestyle, and we remain culpable to environmental effects, and the hierarchy continues to live their lavish lives without making any changes, and their legacies are passed down to the next generation.
What a great interviewee 😮👍+1.
Do they ? I live in a rural farming area and i can say most small farms are hobby farmers , typically an ex accountant that realized all they needed was 75 acres and live off the subsidies entirely renting the land out . This really annoys the everybody else on universal credit or less that do not get any help , subsidized fuel and an avenue to collect a living on subsidies for what reason ? They see also the calamitous decline of wildlife and water quality we all have to live with . Many rural areas are red air rated due to Ammonia levels , often killing labourers here at a young age .
I dont remember Clarkson going out to support our striking nurses when they needed a pay increase, but hes front and centre for rich farmers/land owners...
No don't be gaslit! Clarkson is and always has been only about himself! He's clickbate!
I learnt about this in English history, how the nobles wrote and passed law and kings who gave away large amounts of lands to few people and the rest of the people were known as paupers. And now little people are paying their tax money for the royal and dukes and duchess who lavish life style at their expenses and the government picks on disability benefits. It's amazing how British people love being servants to their upper class gentry.
most people have no idea.
Tax the big landowners. Those owning more than 200 acres pay 5% tax, over 500 acres 10% over 1000 15%. Right up to 90% That will break up the giant estates and bring down land prices, which will also have the benefit of bringing down house prices as land price is a major part of new build prices.
Best suggestion yet....
hill farmers with a 1000 acres and it only being fit to graze 150 ewes will not be too happy with your plan
@ they could have bands to reflect land use. I only spent ten minutes on it.
@@georgedoorley5628 you could grad land by quality it's be done before for payment systems years ago.
@@marknicholson2281 about 6 more than Rachel Reeves
I'm a farmer's boy, I'm not in it now. If I wanted to start farming from scratch. Get a loan, buy a farm, buy all the equipment, livestock, I need to be profitable, there's absolutely no chance I could succeed, the interest payments would far outweigh the earning potential from farming, because land is hugely overpriced.
If the government wanted to bring down the price of farmland they would introduce a full 40% tax on anyone who’d bought land in the last 20 (or since investors started buying it up as an IHT avoidance) and wasn’t actively farming it themselves, or an immediate family member.
They’d also put the threshold on a downward sliding scale that stated at £5m and dropped to perhaps £2m as land prices dropped.
This plan screws family farms, but leaves the wealthy paying 20% IHT on assets rather than 40%.
The ultra wealthy will already have complicated legal tax avoidance schemes, such as trusts so won’t be impacted by IHT at all.
If the government wanted to bring down the price of farmland they would introduce a full 40% tax on anyone who’d bought land in the last 20 (or since investors started buying it up as an IHT avoidance) and wasn’t actively farming it themselves, or an immediate family member.
They’d also put the threshold on a downward sliding scale that stated at £5m and dropped to perhaps £2m as land prices dropped.
This plan screws family farms, but leaves the wealthy paying 20% IHT on assets rather than 40%.
The ultra wealthy will already have complicated legal tax avoidance schemes, such as trusts so won’t be impacted by IHT at all.
Small family farms are caught I n the, discussion and deserve respect 😊
Will the next step be to open up offshore accounts and blind trusts for taxation, not before time? Hmm? 😊
More loopholes that need to be closed to the greedy rich !!
Great stuff. I own and run a two acre market garden from which I supply 40 people a weekly veg box. Last year I earned just over the tax threshold. In other words this isn't a business in any meaningful sense, but I do have bills to pay. My local council says it wants to encourage and help local food production and employs three people to do just that. Yet I get zero support from any government body, financial or otherwise. To genuinely encourage other people to produce food locally, it's clear that agricultural subsidy needs to be directed away from the very wealthy. And don't even get me started on James Dyson, that tax-dodging shyster.
Either make the Duke of Westminster pay IHT or scrap it
Thats a false dichotomy 😊
Inheritance tax on farmland reduces the incentive to use farmland as a financial instrument.
Reducing the incentive to use farmland as a financial instrument reduces the value of farmland.
Reducing the value of farmland reduces the likelihood that working farms will attract inheritance tax.
What was risible was seeing Clarkson call out the BBC?! Now if that's not literally biting the hand that has fed you, and rather handsomely at that, I don't know what is.
There's nothing handsome about the BBC!
@@pauladdae3130 sour grapes cos they dumped him!
That 'Final Boss Catlady' Vicky Derbyshire represents the *current* BBC, nothing like the one Clarkson was part of back in the day.
@@jeffsimon9594 'final boss catlady' just say you don't like women
@@me-xi6ce Don't instruct me on what to say. I know it is taxing on your Guardian-addled brain but I do not like *that particular woman* , not *all women* . Please try to understand the difference.
I am just very sad that our economy is so skewed for the rich. WE NEED EQUALITY.
This is all a nice idea in principle but if large swathes of land go up for sale it is only wealthy people and large corporations who will buy most of it up (just look at what has happened in America). The large corporations especially will use that land to generate as much money as possible usually at the expense of animal welfare and the environment. If the Government genuinely wants a fairer distribution of land, maybe they should enact legislation to prevent corporations buying the land and limit private land ownership to 1000 acres for new land acquisitions and provide substantial tax breaks for community farms, run by local people.
yes, they should have first set in place measures to make sure any sales of land weren't exploited (similar needs to be done to address housing). hopefully it follows but I'm not overly confident.
@matthewdobson100 I couldn't agree more, as a lot of new flats in London are bought up by foreign buyers (especially Far Eastern) and then just left empty.
There's a lot of criticism of industrial agriculture, but no complaints about the proportion of an average person's income that is spent on food being far smaller than it was fifty years ago
I'd rather pay more for my food (and less for my mortgage) if it meant more small farmers and keeping more of my money in local economy. also people eat too much and of a lower quality of food, so it's a false economy and leads to other issues.
Uk tax payers who have to pay inheritance taxes, then see their taxes subsidies uk farmers ,who have been exempt . How unjust!!!
Everyone supporting taxing farmers should be forced to wear a red star that prevents them from buying British produced food.
Why?
@ Because you voted to destroy the UKs domestic food security. So as you don’t like food, you shouldn’t get any of it.
You should talk to the famers who don't own the land and hear what they have to say about the landowners.
Excellent discussion and I appreciated the reference made by the knowledgeable contributor to the debate and action taken in Scotland over the last few years. It’s worthwhile visiting these places to gain an understanding of what can be done if local communities are given the power to manage the land they live on.
Used to be a farmer but sold finally the farm because of the inhertance tax which my income could never manage to pay-was a small milk producer. Cereal farmers have destroyed the environnement followed by intensive cattle producers. Big land owners are historically very greedy and its a pity all farmers are thrown into the same basket. This tax change should have been made to keep the small and medium farmers.
True. But all governments have pushed farmers for more since the war....
Great interview. I would want to hear more from that gent , better get that book.
Farmers ! Biggest environmental polluters in England ! Even the privatised water companies can't outdo them, even on their best day😢
And yet you eat their food 3 times a day. You just don't get the meaning of Hypocrisy....
You would starve without them!
@@user-py2mf3nb8gSo, because farmers supply food and we all need food to live, (but we can get food from many other suppliers) And this is supposedly a reason for them not to pay the taxes that anyone else is obliged to pay. By that token, surely investors in the privatised water companies should be exempt from all taxes, because we all need water to live. (And we can't get water from other suppliers) CAN WE ???
@@mistyqqqSo, because farmers supply food and we all need food to live, (but we can get food from many other suppliers) And this is supposedly a reason for them not to pay the taxes that anyone else is obliged to pay. By that token, surely investors in the privatised water companies should be exempt from all taxes, because we all need water to live. (And we can't get water from other suppliers) CAN WE ???
@ I think you would be wise not to rely on getting food from other suppliers , remember we are an island and very vulnerable. The moment we cannot feed ourselves food prices would go through the roof and we will be held to ransom.
Clarksons farm demonstrates that he told to diversify and yet the shop and the restaurant where he could sell not only his produce but other farmers were both curtailed by the council.
Should they not be going after the superstores
Why was this narrative front and centre to the Labour government plans and arguments? Their comms team are failing all over the place.
they lost control, or rather never had it, of the narrative. not helped by the mostly conservative owned mainstream and social media dictating a lot of it.
given Labour knew that people wanted real change and were almost guarenteed a majority at the last election they still fear putting anything out that can be attacked by the mostly right wing conservative media. it's sad really.
A Danish or Dutch man owns 225,000 acres of Scottish Land and wants more.
That's so unacceptable ! 😡
You’ve got small farmers borrowing against the increase in land prices. So they don’t really own the land, the bank does.
I feel for genuine small farmers who work their own land. Look at where the profit from food production (and from food waste) is going. It’s not to small farmers.
I hope the government also helps small farmers get a fair share of the profits from food and prevent big food companies from simply passing this on to customers.
The problem here is that it would be the same for me remortgaging. The bigger issue is supermarkets
In 2022, 8.9 million hectares of land in England was farmable of which 64% was wholly or partly tenant holdings. So most of the land is farmed by people who aren't going to be hit by inheritance tax changes.
I have cousin's & friends in the farming industry PROTECT the small farm holders we must but ..................YES go after the greedy Duke's and corporate land grabers PLEASE DO!!
Eh?
I hope the algorithm sends this as many people as possible to be enlighten about the real situation our home is in.
Thanks for his excellent interview James. Ordered the book.
Lincolnshire is almost feudal, where the land owners control the farmers. When they tell the farmers to go and protest they have to or get off the land. My parents had a small farm there.
after 24 hours of this protest.. this makes more sense
This is the only time ive listened to obrien
OK everyone. If we think inheritance tax is immoral, then why aren't people outraged by the fact that that when a person has to go into long term care, they have to sell all there assets to pay for it, and hence cannot bequeath their family home to their children? This policy has been on the books since the 1980's, so why aren't people protesting against that?
No mention of the large supermarket chains and their influence on farming.
Loving the irony that tax dodging google's algorithm picked up the theme of this video & inserted an advert for tax free investment provider into the middle
Please Please do not back down on this . They should be paying their fair share .
Lose your farmers …lose your food !
but are you prepared for much higher food prices ..........this money will have to be found from somewhere
@georgedoorley5628 Most farms will not pay any inheritance tax at all . Rich people have been buying up farmland as a tax dodge . Farmers should get angry with people like Clarkson and Dyson, who have bought this on them .
The sick and disabled, homeless people need help not the land owners 😮
It’s a wonder how life even started on this planet without some farmers to look after it, by this warped logic.
This only reinforces my opinion that Britain is still basically a feudal country.
After hearing both sides of the argument I think I agree with this tax policy. Unfortunately farage thinks it’s a voter base issue, his base should embrace the white working class but this will alienate him. I don’t care if these multi millionaire landowners have to pay inheritance tax, especially after being reminded that millions of acres are used for grouse shooting, field sports as it’s called and not for growing food or providing affordable housing for the rural poor
@@nlpnick Farage sold us Brexit with the promise it would rescue our fishing industry. It didn’t. In hind sight it was obvious it wouldn’t.
Never seen a poor farmer,I remember butter mountains,milk lakes etc food ploughed back into the land to keep prices artistically high,potato picking week when kids were used as cheap labour and on and on “PAY YOUR FAIR SHARE “
I do not care how rich or poor you are. Inheritance Tax is a death Tax. A tax that no person should have to pay.
the person doesn't pay it. the estate does.
@@matthewdobson100 I'll allow that an estate pays the tax when an estate is jailed for non payment of taxes.