Comments by "" (@lonevoice) on "Has Brexit ruined British farming forever?" video.

Farming is not a very profitable business and many farmers struggle. The value of land does not come from the activity of farming but from its use as an IHT tax shelter. It is the ultra rich who are driving this campaign with masses of misinformation. If they took their money and went away then land prices would drop and tenant farmers might then be able to buy the land that they use. One of the farmers on this video quoted an investment in farm equipment of £1 million. That gives the impression that it is part of what will be taxed under IHT but realistically, what farmer is likely to have £1 million spare to buy such equipment? The answer is none, or at least very few. Reality is that such equipment will be financed by bank loans. As such the net value for IHT will be £0.
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