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Greg Greg
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Comments by "Greg Greg" (@SlowhandGreg) on ""Government Has Made A Mistake!" Farmers Plot Port And Supermarket Disruption Over Inheritance Tax" video.
Tax Dyson who was using it as an IHT loophole like a lot of rich people, only 54% are family owned and the limit for them is 3 million
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no were not 3 million is plenty it's being used as a loophole by the wealthy which is pricing out farmers
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@cazfloss1990 even your example doesn't really cut it. Your over average acarage and 53% only are family owned.
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The tax is aimed at the Dyson's of this world if you can't survive with a 3 million tax break there's something wrong
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@J.C.1960 so how come 54% aren't owned by families? at 3 million your arguing for rich people not to pay tax and you subsidise them. Even then > 3 million only attracts 20% tax payable over 10 years and It will depress land prices because it's no longer a loophole for the rich allowing more genuine farmers. Your problem is we have a huge generational wealth gap from multiple tax breaks like this which means at the other end taxes have been steadily rising to compensate
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Is 3 million not enough? without the tax people like Dyson will keep buying farms and pricing out new farmers to avoid IHT
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