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Richard J Murphy
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Comments by "" (@lonevoice) on "The wealthy think they’re different" video.
I agree. Allowing the wealthy to shelter their wealth from IHT in agricultural land has led to agricultural land prices being inflated. The reduction of IHT relief will lead to a reduction of interest by the wealthy in acquiring agricultural land, some may sell up, and this will lead to a drop in agricultural land prices. This is also a gripe by those protesting. Strangely, Jeremy Hunt when Chancellor, proposed to get rid of inheritance tax. This would have led to a drop in agricultural land prices but I don't recall any protests then.
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