Inheritance tax the Royal Family. Charles inherited £500 million from his mother…tax free !
@danielcraig49742 ай бұрын
Wash your mouth out, they are your German betters. Bow down to King sausage fingers aka Jimmy Savilles mate immediately
@seariverlake2 ай бұрын
Exactly!!!
@adminimer51762 ай бұрын
Dont blame the Royals, we know from statements His Majesty said while as a Prince that he firmly disagrees with what the Government is doing. The Government is responsible for this mess.
@coppershark19732 ай бұрын
And? What’s that got to do with farmers avoiding tax? They’re BOTH wrong and need to pay up like the rest of us! Look at them all. Well heeled and rubbing shoulders with the likes of Clarkson, not a good look when you are pleading poverty!
@JjD-bd1cw2 ай бұрын
@@coppershark1973 No one is pleading poverty> They are against the blatant socialist land grab. How do you think this scum labour government is going to control the plebs|?
@Firkinnel2 ай бұрын
Inheritance Tax levels for plebs is 40%, Farmers 20%. The Royal Family pay fec all ! How is that fair...
@mbb05jb2 ай бұрын
get rid of inheritance tax - problem solved!
@brianbell38362 ай бұрын
@@mbb05jb It's a good tax. Only hits the very rich
@blacksquare37652 ай бұрын
@@brianbell3836 No bro it only taxes the new money people. Old Money loves IHT hurts new money and whilst old money can pay for professional advisors and diversify there assets to avoid the IHT
@brianbell38362 ай бұрын
@@blacksquare3765 People who avoid tax are traitors to the nation.
@Samsheyeh2 ай бұрын
@@blacksquare3765you're correct but IHT isn't the problem. It's the tax loopholes on trusts. The government should work harder to clamp down on those.
@MrKimberrАй бұрын
It's insane that in this example, you owe 140k just because your parents died and you started "owning" the land even though you've been working the land your whole life anx paying your regular taxes.
@Simone-BucnАй бұрын
Err.... no. Watch 6:55 If the farm *was owned* by 2 people (your parents), the inheritance tax threshold is £3 million. So in this example, you'd owe NOTHING. But if it was only owned by one person, then yes you owe £140,000.
@jadeycakesАй бұрын
@@Simone-Bucnthe fact that you had to explain this so simply shows how dumb the UK is.
@Bertrum123Ай бұрын
@@MrKimberr if there farms in the farmer and his wifes name its two million .thats far less than a normal person has to pay .and its ten years to pay it off it used to be a tax dodge buy land and you avoid inheritance tax i suspect why all these millionairs are up in arms .
@mclaggen6144Ай бұрын
@@Simone-Bucn How often do parents die at the same time? If the father died 10 years ago then the mother is viewed as the sole property owner
@beverleyabrown488Ай бұрын
Everybody whose parents have money or property to inherit, have to pay inheritance tax. Farming should be no different!
@LonsdaleitehardАй бұрын
🤦♂️ Don't F with the food supply: Civilization 101
@DanielH874Ай бұрын
Just further lends to the idea this is all deliberate. I don't think those in office can be that oblivious.
@mumbojumbo118118Ай бұрын
@DanielH874 globalists don't care. They represent a class that transcends the affected. When you believe the world is dying in part due to overpopulation, the stakes don't seem that high, especially when you have a ticket abroad the arc
@Despotic_WaffleАй бұрын
@DanielH874 usually its from outside. Thus, they are working on someones behalf. Question is, who?
@ReySchultz121Ай бұрын
@@Despotic_WaffleYou think.....maybe it's the Chinese?
@foxkillingtimeАй бұрын
Is Russian money behind this stupidity... Ist Brexit now this!
@aintjester5473Ай бұрын
U.S. Farmer here. We stand with our family of farmers in the U.K.. Stay strong
@siddheshrane2 ай бұрын
Inheritance tax is the most dystopian thing I have heard of. You already pay taxes on your income, on the stuff you buy with that income, on the sale of the stuff you bought and on any expense towards maintaining your property. Why would you have to pay tax just to give it to your own children? Who even came up with this idea and how on earth did the citizens in these countries agree to this
@MeeesterBond17Ай бұрын
It's because wealth inequality will cause societal collapse unless it's dealt with. I agree that it sucks, but I'd rather live with it than turn the UK into CyberPunk 2077.
@mumbojumbo118118Ай бұрын
@@siddheshrane they say the target is the rich and wealthy
@espurr3496Ай бұрын
One could argue it's dystopian that the wealthy continue their endless control through inheritance
@Kicklighter.AАй бұрын
Agreed, but don’t give farmers or pretend farmers a special exemption.
@sammie_1111Ай бұрын
It’s called daylight robbery!
@turkeyman3212 ай бұрын
The issue for farmers is not inheritance tax, it's the fact farms do not make the money they should and that farm land is far too valuable for the output (you have the property developers and rich folk buying farms to blame for that), that needs to be addressed by the government
@theenvisionary2 ай бұрын
Finally someone who actually speaks sense here. Too many jumping on the very easy ‘boohoo rich farmer bandwagon’ when it very often is not the case at all
@DMC8882 ай бұрын
A farmer’s son explained this to me a few years ago. I had no idea. These farms with acres of land and hundreds of thousands of pounds worth of machinery generate just enough profit to pay the owner a modest wage. They haven’t got the capacity to pay anything extra.
@thl2052 ай бұрын
Maybe if fewer rich people were chasing farmlands to dodge taxes, the value of the farmland might go down to normal levels 😮
@JP-sm4cs2 ай бұрын
Lower demand for farmland due to inheritance tax will lower the price of land.
@user-mc7ov2ru2r2 ай бұрын
Capitalism is such a wonderful system!
@rjkmusicmedia2 ай бұрын
"Stuck Farmer" is probably the best slogan I have ever seen in history.
@randomuser42012 ай бұрын
Should have went to specsavers.
@rjkmusicmedia2 ай бұрын
@@randomuser4201 It works on so many levels! (two)
@albertomalnati49662 ай бұрын
It’s not a million pounds ennitt.
@JasonGillian-n2b2 ай бұрын
Hi channel4 news, your numbers are WRONG. At 6:49 you say 140k tax bill can be paid 14k annually over 10 years. You are forgetting the interest on the tax bill. at 7% interest this balloons to 187k, around 19k a year. For a farmer making 45k, this new 19k is devastating
@Liberty-Jamie2 ай бұрын
Farmers are stuck the profits suck. They are not rich. You economic illirate. The money in farms is in assets not in liquidity. Inheritance is just theft. And it's worse because the government doesn't even need the money. We have so much money we can waste £7 million daily just on hotel fees for migrants.
@jacovanniekerk1945Ай бұрын
Overspending causes this, not the lack of tax avenues. Everyone's asking the wrong question.
@Willy_Wizz2 ай бұрын
Wealthy landowners? We don’t get to choose the value of our land and it goes up irrespective of its profitability
@hadassahknight1149Ай бұрын
You mean the “appraisal is raised” irrespective of its profitability…. They will always raise tax assessments to match spending.
@nigelbenn4642Ай бұрын
Just like the redundant don't get to choose what job to do, life's tough get used to it!
@solanumlycopersicum5594Ай бұрын
And wasn't it the government that implemented policies which made land prices baloon out of proportion? :D
@jadeycakesАй бұрын
Oh noooo, so sorry for for the value of your land going up!!! …said no one.
@R53HoleАй бұрын
Why not sell some of it?
@mattkayl1396Ай бұрын
“Pay their fair share” God I hate that phrase. It’s so arrogant and ignorant at the same time. Farmers are LAND WEALTHY. Not PROFIT WEALTHY.
@studentaviator3756Ай бұрын
The New statesmen did a poll 52% are in favour of farmers and 26% are against. Its a vocal minority who are saying this. I hope we can get 65% on side because that will be enough to uturn this policy.
@KingBarseАй бұрын
Yes and the fact the land is everything and the farming industry in the UK makes little to no money is the issue your all missing. Tax dodgers that could care less about the farming industry jumped on the opportunity to buy up land and will continue to buy up land from farmers on the brink of non existence if tax loopholes like this aren't tightened up.
@nigelbenn4642Ай бұрын
THEN SELL YOUR LAND TO PAY! Get on your bike like Tebbit once said. But of course it wasn't ignorant to say that to a COAL MINER when he lost his job in 1981 was it? Get on yer bike find another job then.
@jadeycakesАй бұрын
Then sell the fucking land. Make the money you’re so worried about losing. If wealthy land owners wanna buy it and you can’t afford to run it, time to choose another career.
@sakuraraph7902Ай бұрын
@@jadeycakesnow lets say everyone sold their land, which is possible due to the rise in cost of seeds and fertilisers, who tf would produce your food? You sound stupid
@MATTE.U.K2 ай бұрын
Get rid of inheritance tax altogether
@larsO204Ай бұрын
Why, it is the most fair tax that exists
@yaboi7239Ай бұрын
@@larsO204 How is inheritance tax fair? The money being inherited has already been taxed when it was earned, the government has already taken its cut. Inheritance tax is essentially the government double-dipping, punishing people for passing on what they’ve worked hard to save, and discourages generational wealth-building. also it's kicking people while their down, they just lost a loved one and then they get a bill from the government for them dying
@dougtheviking6503Ай бұрын
@@larsO204if your going to sell then yes tax it . If your going work it then no
@321GoingINАй бұрын
@@larsO204the government deserves nothing of your inheritance, what a stupid thing to say lol
@TrentsPoliticalАй бұрын
How else are they going to pay for the migrants!
@AtlanticPicture2 ай бұрын
The UK, much like the US, is in no position to be sending BILLIONS abroad or squandering it on mindless projects. There's a massive list of utterly bonkers things governments spend enormous amounts on, most of which people have no idea about. We've seen glimpses of that in the US lately, with plenty more expected during the CLEANUP. People of the UK, as long as there are individuals in need within your own country, your government has no right to send YOUR money elsewhere instead of helping you and your own.
@Pekka.Pekka.1296Ай бұрын
Hahaha don’t mix in your insane narcissistic demented NEW guy here. Just watching his new gvt is an evidence that the US is doomed. You have problems with public education and the dumb masses eating fakenews and conteos regardless of political sides.
@gnanasabaapatirg7376Ай бұрын
Uk needs it's own DOGE... They had looted so much from my fuckin country and their colonies and now they are bankrupt?? Crazy to think where all those money went that now they want to tax farmers just for having the land.... Tax their income or when they sell the land but not for just having it...or passing it to their children...
@mikecarroll57462 ай бұрын
The irony of Clarkson openly admitting that he bought the farm to avoid paying inheritance tax.
@SkawagonАй бұрын
I donť particulary like Clarkson, but I appreciate he is capable of some level of honesty.
@TheLaualampАй бұрын
But that's exactly his point, okay get him and tax him rightfully but why do other people who make a meager living have to get hit the same.
@prasanta5139Ай бұрын
What he did was Legal. He also brought views and more awareness of farming in the U.K. He should be given benefit of doubt, he did do the work as a farmer and fed hundreds 😮
@bdub884Ай бұрын
@@prasanta5139 Did you see the example at the end of the video, a 2.2m farm only taxed at 140k... chump change, if you sell a business for 2.2m you get taxed at like 700k at least. These farmers should start paying their share
@fist003Ай бұрын
@@bdub884 with what money...?
@jimmclean9312Ай бұрын
Anyone who puts Jeremy Clarksons picture on their headline loses all credibility !
@thebrowns533723 күн бұрын
I see Clarkson and I think if only rich people paid a fair share, rather than offshoring - then we wouldn't need to chase workers endlessly for more and more taxes.
@rorygillmore6555Ай бұрын
Inheritance tax... what a joke. Your family member dies. And you get charged for it on top of making funeral arrangements. We spend our whole lives paying taxes. And our governments have done nothing but squander that money, ignore our wants and needs and then take more taxes. When people have paid their taxes and die and then leave what's left to another person that will also pay taxes their whole life, why should they be taxed even more? It's a tax that you have to pay for dying successful? What a message that sends to future generations to spend it all and leaving nothing because the government will just come and steal it all once your dead.
@Nicole1998921 күн бұрын
Your 4th last word demonstrates exactly what's wrong with whinging rich self-serving farmers. 🤦 WATCH 6:40 Yes inherit a £2,200,000 farm, formerly owned by daddy! You now owe the govt £14,000 a year, for 10 years! *That's less than 1% the value of the farm!* "Waas waaa waaa, the government's gonna steal *ALL* mah money!!! 😭" Suck it up rich self-serving wanks. Pay your share! Farmers were the *only* people in the damn country *EXEMPT* from inheritance tax!
@danstobbart4406Ай бұрын
Pay your Taxes Farmers .... like everyone else. Farmers pay expensive accountants EVERY year to show them how to hide their profits to dodge tax. Buying loads of tax deductible farm machinery is very common ... (eg. a brand new £200k tractor every 2 yrs ... and much more). They grabbed fortunes from EU subsidies , then got conned by Boris & Farage to vote brexit , then Truss gave them the terrible Aussie Trade deal , now they want their fortunes over £3million to be tax free when anyone else would be taxed. The govt is only taxing the RICHEST few and even then only at 50% what non-farmers would pay. I'm buying foreign food until Farmers stop this nonsense ! 🤔
@not2longnow2 ай бұрын
Psychopathic Narcissists can't do that...
@Dadbod19992 ай бұрын
2.2m for your average farm!? I don't believe that for a second. Cost of land, live stock, equipment etc.
@korpolentais87Ай бұрын
Get some really chek. Farming is extremely expensive! on Tractor with max equipment cost 1.2mil
@muzafferarslan9467Ай бұрын
yeah it isn't you spend a mil alone just on tractors with required horsepower, annual subscriptions for certain functions and added expenses like taxes (road, mainentence,...) so it's much closer to 3.5mil as an average.
@Talk4UKАй бұрын
Any small house in London is worth above a million. 3M is nothing when you need lots of land to farm, big infrastructures, expensive equipment. Even a city ignorant on farming like me can figure out that this doesn't add up.
@julie-annehansen741Ай бұрын
@@Talk4UK me too!...2 million ...a pocket handkerchief farm...so insulting to farmers
@jadeycakesАй бұрын
@@korpolentais87which they’ll get tax write-offs for.
@petermunro63179 күн бұрын
Why are you giving these tax dodging trouble makers publicity. Most won’t pay it ( assuming their tax returns are honest). If they can’t make a farm pay with the subsidies and exemption they should sell up. People like Clarkson, Dyson and Lloyd Webber are in farming to avoid paying tax. The top 30 farms are owned by Dukes and other aristocrats. Tell the truth -it’s about cutting down on tax avoidance.
@Willy_Wizz2 ай бұрын
Well done farmers, we need you !
@brianbell38362 ай бұрын
Myth
@xelthiavice4276Ай бұрын
@@brianbell3836 its a myth you dont need food ? tosspot....
@brianbell3836Ай бұрын
@@xelthiavice4276 I buy all my groceries from Lidl and Aldi, tosspot. British food is sub-standard and over-priced. And most farmers are wankers anyway.
@xelthiavice4276Ай бұрын
@@brianbell3836 all that food you get from them shops comes from farms. so sit down and shut up. manchild
@brianbell3836Ай бұрын
@@xelthiavice4276 Told you, I prefer foreign food. British food is of a poorer quality.
@pauldupre22692 ай бұрын
Less than 500 Farms a year...does that not seem quite a lot!...it certainly does to me. £3M for a Farm, I would imagine, isn't actually that much, thinking of what they need in this day & age! ...& now they want to add even more paperwork to their day to make it all work out?...absolutely ridiculous, just let them do what they need to do for the sake of British Grown/Reared Farming. C'mon British Government, sort it out, help our Farmers!!!!!!!!!
@fuckbankers2 ай бұрын
209,000 farm holdings in UK
@matthewfoley3929Ай бұрын
Over 50% of land in the country is owned by less than 1% of people. That includes dukes and lords that own millions of acres between them and keep the land for grouse shooting, but pay no inheritance tax on the land. Agricultural tax relief was created for aristocrats and the very wealthy to avoid tax. It is now being defended by newspapers owned by aristocrats and the super wealthy. No surprise.
@ShallowPocketАй бұрын
They do 500 this year. Another 500 next year
@williamsrhynАй бұрын
Re: Welsh farmers, I see that they are angry about getting taxes.. but where's their outrage when supermarkets in Wales replaced the Welsh flag from dairy and meat products with the Union Flag?, the reason they should be angry is that when you replace the flag, this means that instead of supporting Welsh farmers to supply Welsh stores, those stores then branch outward to England.. which essentially means that farmers have to sell their produce at a lower cost to compete with England.. but OH NO nothing on this, why? because there's only an issue when it affects those with incredible amount of wealth and seek to manipulate the population to make them vote a particular way.
@dudleycarl0Ай бұрын
Stop paying for foreign wars. Massively reduce a bloated and inefficient government. Leave the farmers alone
@joelharveyАй бұрын
Inheritance tax is just fundamentally wrong. The parents already paid their taxes earning that money.
@ossigaming8413Ай бұрын
But the children didn't work at all. The moneycgetw fairly distributed.
@joelharveyАй бұрын
@@ossigaming8413 So what? Nobody works for anything they are given for free. By your logic, we should all pay tax on gifts. There's absolutely nothing "fair" about the government stealing from someone I want to give to.
@Nicole1998921 күн бұрын
@@joelharvey pay tax on gifts? If the gift's worth over £1,500,000!
@joelharvey20 күн бұрын
@@Nicole19989 so let’s say you get rich, and you wanna give your friend £1.5m for being a good friend to you - you think it’s right for the government to take some of that? Even though you’ve already paid tax on it? Leftists are so resentful man.
@supercadcc5 күн бұрын
@@joelharvey tax on a Kit Kat, PlayStation or a Car no. Millions of pounds of Assets?
@TheConstantAnglerАй бұрын
Trouble is Jeremy is doing them no favours. It has become more about him and not the injustice to small farmers.
@spinbadmonkey1082 ай бұрын
If you’ve paid taxes on your property… why do have to pay taxes to pass it on . This is theft!
@Ratlee942 ай бұрын
Lol, you don't. Somebody who doesn't own it will have to... the same as you did when you bought it. How is this hard to comprehend?
@larsO204Ай бұрын
You do not pay the tax, the person receiving it does.
@juliusfucik4011Ай бұрын
All taxation is theft. These lefties will never get it.
@hunterlinker6013Ай бұрын
Inheritance tax shouldn't be a thing, period.
@E_L1000Ай бұрын
Drop the inheritance tax for everyone.
@jablot50542 ай бұрын
You need to make the distinction between farmers and landowners.Most farmers are tenants who pay rent to the land owner and a share of profits ,they are not wealthy. The landower is the millionaire who avoids paying tax .
@Nicole1998921 күн бұрын
10:00 that interviewer is a known corrupt fraudulent attention-seeker. Whoever's side he's on, rest assured they're in the WRONG.
@FABRIKINАй бұрын
Never mess up with Truck Drivers and/or Farmers. That’s common sense 101.
@chrispartosbro4555Ай бұрын
When the Queen died, How much did Charlie and Andrew etc have to pay in inheritance tax?
@czech-street-workout41932 ай бұрын
"I've got a brand new combine harvester and I'll give you the key" 😂😂👍👍
@jeanetteberwick2434Ай бұрын
We will support all British Farmers,from Scotland 💯🌐
@stevengray68132 ай бұрын
Clarkson has already said he will not be paying any inheritance tax because he has gifted the farm to his kids and seems not to want anyone else to do this as it take up a lot of time
@PassiveAgressive3192 ай бұрын
Good for him, he’s a multi millionaire. What about the average family who inherit their parents home. Why must they pay tax but not farmers?
@Mandrax20112 ай бұрын
@@PassiveAgressive319 Why oh why can't you understand the difference? A house is usually sold and the money split between the children. A farm is not sold, it continues to run as a business often accumulating losses or making only small profits. If the farms were routinely sold, I would get your argument, but they aren't, which is lucky because we rely on these generations of farmers who keep producing our food. Yes the land is worth money, but the business itself isn't. The business itself is very hard to turn good profits, and that's the issue here, people inheriting farms that make small profits have to immediately find many thousands of pounds per year, for 10 years, to pay the new tax bill. Would you accept something as an inheritance gift that will cost you a lot of money immediately and if you work REALLY hard and RIDICULOUSLY long hours with it, you might make enough money each year to make ends meet?
@markgt8942 ай бұрын
@@Mandrax2011 don't waste your breath, these comments are from agitators outside the UK
@tensevo2 ай бұрын
yep, so the one person this could have been designed to capture, has escaped it, while everybody else gets caught. just absurd, the whole cluderfcsk
@baileygregory9192Ай бұрын
@@PassiveAgressive319Clarkson has litteral said the reason his speaking out about this isn't because it affects him but because he want to help the farmers who will be screwed over and show solidarity
@guydavies30352 ай бұрын
The irony of Clarkson being on the march is missed on him. Does he perhaps not realize that his interview with the Sunday Times saying he was buying a farm to avoid his children having to pay inheritance tax, could well have been one of the incentives that politicians decided to close the loophole for millionaires like him. Also remember that farmers overwhelmingly voted for Brexit, and Brexit has left a huge hole in the country’s finances, and that needs to be paid for somehow. There is a way around; give the inheritance at least 7 years before you die…
@Pltr03Ай бұрын
You're making some good points.
@Kashchey1Ай бұрын
I love how lefties hate everyone who managed to achieve something XD
@JustAnotherAccount8Ай бұрын
You missed what he said, listen to 4:50 He's sticking up for the farmers, not for himself.
@guydavies3035Ай бұрын
@ oh, I heard him say that, but I didn’t believe him! Of course he will say that; if he was to ask for people to feel sorry for him / his children because they would have to pay some tax on any inheritance he leaves them. I also heard him say that he really only bought the farm so he could shoot things, but he could not admit it at the time, because he might get criticized for that reason. We are talking Clarkson here…being worried about criticism…no, not buying that either.
@JustAnotherAccount8Ай бұрын
@@guydavies3035 Did you by chance watch his show? I thought the same of him during his top gear days, but it really seems like he settled down once he started actually farming. Besides most farmers around the EU and UK genuinely think his show has been one of the few shows that actually shows the ups and downs of farming. You'd be hardpressed to find a farmer who doesn't like his show (even if they don't like him as a person). So me personally I believe him when he says that.
@stopthetoriesАй бұрын
Rich people moaning about being taxed and this is news?
@joea8908Ай бұрын
Inheritance Tax as a whole is an absolute disgrace and should be abolished. You have to experience it to fully understand.
@fenton3137Ай бұрын
If you are inheriting from an estate of over £325,000 then count yourself lucky to begin with. Cry me a river.
@Kashchey1Ай бұрын
@@fenton3137 Is it his fault his parents didn't spend all the money on the booze? Why should responsible people be penalised for building generational wealth?
@fenton3137Ай бұрын
@@Kashchey1 Ignoring the inane moralism and classicism of your statement. Because it allows the government to free up wealth from what is disproportionately unproductive capital that doesn't contribute to the economy. Because it allows the government to raise funds without in anyway putting someone at risk of not being able to feed/heat/clothe themselves.
@Kashchey1Ай бұрын
@@fenton3137 government’s job isn’t to feed and house anyone. Government’s job is to create conditions and let people feed and house themselves. If government is unable to do so, they try to cover up their mismanagement and steal from the people who managed to succeed despite of government’s failure.
@thisall4realАй бұрын
The only people that are for it are jealous, broke leftys. As long as it happening to someone else they support it. Any objective look at IT would say 40% tax is way too high and wrong. Not many would care if it was a reasonable rate like 5%
@Putnamsmif2 ай бұрын
Honestly farmers, having a man who brazenly admitted he is only farming to avoid paying tax as your spokesperson, official or unofficial, is not a good look.
@MyName-cw4yrАй бұрын
Nobidy cares what you think.... Jeremy has done quite a lot to highlight the adversity that farmers face on the daily.
@ofthecaribbeanАй бұрын
4:37 He specifically mentioned inheritance tax. Not tax in General Not that it matters though. The greatest trick the politicians ever pulled was convincing the world that their extortion racket was a good thing
@ofthecaribbeanАй бұрын
4:37 He specifically mentioned inheritance tax. Not tax in General Not that it matters though. The greatest trick the politicians ever pulled was convincing the world that their extortion racket was a good thing
@OhDearOhDear692 ай бұрын
This is a non issue. These people are rich, they should contribute. And no I don’t think that the fact that they are farmers making food counts, we don’t give inheritance tax loopholes to doctors, surgeons, nurses or teachers. Pay up!
@ultraworld0992 ай бұрын
I didnt see people like Clarkson, the Tories, The Times or The Telegraph kicking up a fuss when the doctors or the train drivers or the nurses went on strike. The only reason they care now is that rich landowners might have to contribute their share of the tax burden like everyone else. The Average farm in England is 88 Hectares. Over half the country farming only own 20 Hectares. 88 Hectares (which is big) is 217 acres. The average value based on size of farms owned by farmer families amounts to £2,387,000.00. So the average farm family wont get taxed. They only get taxed on anything over £3million. So if a farm costs £3.5million they get taxed £500,000 and any farm at the smaller end of this scale gets 10 years to pay it off at no interest. But remember the average farm own by 50% of farmer in this country is only 20 Hectares. Labour is only after the likes of Jeremy Clarkson and James Dyson who hide their money in farming to avoid taxes you and I would otherwise have to pay on our estate.
@Britephartt2 ай бұрын
That's what it's really about. Greed.
@daviddestefanis2989Ай бұрын
This video showed that 55% of farmers either made no profit or a profit of less than 25,000 pounds. That was in the last year. Idk if that's a typical year? What if a typical year is worse than that? And the yearly payment on the inheritance tax would be 14,000 pounds. Even if you made a profit of 40,000 pounds. It might be enough to run you out of farming for good.
@daviddestefanis2989Ай бұрын
33 States in the U.S. have no inheritance tax at all. And there is no Federal inheritance tax. Instead of complaining that others should have to pay tax on their estate, you should be arguing against paying tax yourself. The HIGHEST inheritance tax in the U.S. is 20%, with many around 15%. You're telling me that y'all pay 40% inheritance tax in the U.K.? There's no inheritance tax in California, Texas, Florida, etc. In 33 states there is no inheritance tax. Your government is screwing you.
@ultraworld099Ай бұрын
@@daviddestefanis2989 That is nothing to do with the inheritance tax threshold. That is to do with a model of farming and supply chains that are fundamentally broken. Supermarkets in constant price wars with each other which leads to downward spiralling food prices which in turn means farmers dont get paid a fair price for their produce. If people want cheap food farmers wont make a profit. If you want farmers to make a profit pay them a fair price for their produce.
@ultraworld099Ай бұрын
@@daviddestefanis2989 No I shouldn't be arguing for a low or zero tax economy. The only people to benefit from a low or zero tax economy are the most rich in society. Taxes pay for public services like healthcare, education, public transport, defence. The richest in society should contribute to those just as much as everyone else. Im happy to pay my fair share of tax because I know I gain those benefits from living in a society which supports not just its most vunerable but everyone who needs access to those services. I most certainly do not want to live in a broken society like the US.
@thomasmichaelschwarz9741Ай бұрын
AMAZING! how "great" Britain is dismantling itself. Go, Starmer, go!
@HammerheadEagle-iThrustАй бұрын
My country has always been like that
@billycummins975Ай бұрын
Ask him why they never touch MPs expences or anything to do with MPs, including heating allowance
@seanbrown7012 ай бұрын
Why should anyone pay additional tax when they die? Abolish inheritance tax altogether.
@seanrhone53062 ай бұрын
If you're going to tax farmers, tax the large corporations that call themselves "farmers"!
@mark-2 ай бұрын
Protect your farmers you need them.
@Thrawn90Ай бұрын
Wtf is going on in the UK? Yall need an intervention before you have an uprising.
@Ironbuket2 ай бұрын
The NHS is a money pit, you could pour 5 trillion into it and it would still need more
@joshuaellis37252 ай бұрын
It's a public service. The alternative is you pay billions into private pockets for even basic procedures.
@markgt8942 ай бұрын
@@joshuaellis3725 nonsense, the NHS was designed when the population of the country was not so high. Why should farmers pick up the bill?
@IronbuketАй бұрын
@@joshuaellis3725 I’ve worked in the public sector for an organisation funded by the government. The mentality is that you have to spend all the money coming in else they may reduce the funding the next year. That is how we get funds spent on seemingly questionable NHS projects. The system fundamentally will never have enough money, they will just find reasons why they need more no matter how much you fund them. It also creates a culture or waste and under performance because no matter how bad a job you do you get the money again next year anyway
@Kashchey1Ай бұрын
@@joshuaellis3725 That's what private health insurance is for.
@joshuaellis3725Ай бұрын
@@Kashchey1 so you want to pay an insurance company instead of taxes? You know what, if you guys want to pay onto private industry instead of a none profit I won't stop you.
@jonathanpark7658Ай бұрын
Leave the farmers alone you fools.
@TheLucanicLordАй бұрын
Clarkson should admit he made a mistake, his tax dodge got slammed shut on his fingers. Oh dear, how sad. He's only playing at being a farmer.
@ofthecaribbeanАй бұрын
4:37 No mistakes were made. He specifically had a problem with *INHERITANCE* tax from the very beginning
@MayThereBeWorldPeace2 ай бұрын
Protect the farmers and their farms.🧑🌾🚜
@TheDude79700Ай бұрын
“Asking them to pay a little more” ?? Laughable. More like “forcing them”. Jokers.
@SpiracheMarcel2 ай бұрын
No fram no food 😢😢😢😢
@brianbell38362 ай бұрын
I eat DANISH bacon, FRENCH cheese, AUSTRALIAN beef...I'm not going to starve
@MM------Ай бұрын
@@brianbell3836 Man of the world you are
@asoutoimporters8383Ай бұрын
Thank you Nigel
@Stephanie-wf6xr2 ай бұрын
Clarkson admit you only bought a farm to avoid paying inheritance tax. 😂 😂🎉
@paulotcjАй бұрын
Before taxing farmers the gov should tax: people who own castles, people who own mansions, people who own multiple houses, people who own luxury cars (ferraris, lambos, rolls), people who own jets, people who own yatchs, people who made more than 5 million in finance, and most of them all tax the EFFIN billionaires.
@Cyberpunk9000Ай бұрын
Or how about reducing all tax to 20%, federalising the UK, abolishing the monarchy, making classism as illegal as racism, abolishing the aristocracy, and turning the UK into an actual democracy rather than having a House of Lords who decide your future when they have NEVER been democratically elected for hundreds of years. The people of the UK have been culturally programmed to be OBEDIENT to people of a higher class than them. Guess what? You get what you are prepared to accept. They have taken away your free speech (Section 5) and they have taken your guns just in case you realise what section 5 actually means for you being a real human, rather than an obedient “thank you kind aristocratic sir” YES person
@Nicole1998921 күн бұрын
You have no idea *how many* farmers fit into ALL those categories
@adamoliver4094Ай бұрын
I didn't realize the inheritance tax threshold was so low in the UK.
@richardcook29702 ай бұрын
Most of our food is imported anyway
@Talus-hallux1Ай бұрын
If 27% of rich farmers get to pay only 20% tax and the rest (peasantry) are taxed at 40%, isn't it time for ordinary folks to also take to the streets and stand up to this discrimination? It will be a bonus to get rid of the tax-shy Royals!
@snakeeater337Ай бұрын
The peasantry aren't taxed at 40%. The vast majority of English households will never be affected by inheritance tax, just the wealthy few. My old family house is a 5 bedroom valued at 300,000, that is a large house in a fairly desirable village and I won't have to pay a penny to inherit it.
@stateofenglandАй бұрын
Keep our farms out of the hands of corporations!!
@jlb46852 ай бұрын
That ''stUCK Farmer'' sign was legendary.
@brianbell38362 ай бұрын
Privileged folks whining when the privilege is taken away
@sew_gal7340Ай бұрын
They should complain. When privilege goes, you never get it back. They are fighting for their future
@brianbell3836Ай бұрын
@@sew_gal7340 Privilege? They don't deserve it
@HammerheadEagle-iThrustАй бұрын
@@brianbell3836 im sorry. You said that farmers dont deserve privellage. What are you? A juststopoil protestor?
@brianbell3836Ай бұрын
@@HammerheadEagle-iThrust Why should the rules be bent for farmers? I'm just a concerned citizen who has watched public services falling apart over the last 14 years.
@paulbrightwell36212 ай бұрын
Why is Clarkson joining the protest - utter hypocrisy. Clarkson is on record saying some years back that he bought his farm to avoid paying inheritance tax - he's exactly the kind of lifestyle farmer that we should be targeting to make sure they pay their proper share of taxes proportionate to the benefit that our society gives them to make so much wealth. This is even more important for someone like Clarkson who clearly - from his own comments and also appearance has not taken the proper care of his personal health. He's eaten like a pig, drunk like a fish and smoked like a chimney and the consequences is a man in his mid sixties who looks 80 and constantly pregnant. People who live like this end up being more of a burden for taxpayer because they end up using more NHS and social care resources than they would likely have done if they had been more responsible. In cost terms they are way more of a burden to us than the work shy.
@babyboopumpkinАй бұрын
I am absolutely appalled by this comment! Whether you or anyone else agrees with it or not, Jeremy Clarkson owns and runs a farm, and does a very good job at promoting farming, even if he did not inherit it traditionally. He supports farmers, and the farming industry, which is more than a lot of the general population can say when they support foreign farming to supply majority of our food. Milk farmers for example, they barely cover their own earnings, because the British population complains about an increase in the price of milk, and they are not even asking for a lot! just a marginal increase to support themselves, their families and their farms. Furthermore, I'm trying very hard to understand, why supporting something you love, somehow makes you vulnerable to a personal attack about your own appearance, and health. You are suggesting he is a leech on the NHS, I assure you, that man pays for his medical expenses privately. Which then means your quibble, is not about him, but instead a personal attack on anyone who is seeking medical care based on diet. Nevertheless, if this is in-fact an attack on diet, perhaps a little education on food and the chemicals within it which is contributing to a major health crises might be just what you need. I think your hatred for one man has clouded your judgement, and completely steered you away from the real reason behind this topic, penalising farmers and the industry. The bare bones of Great Britain. Without them, where would we be? We have all forgotten how the farms in Great Britain kept many of our ancestors alive during the world wars, enabling us, the British population to survive and create this, fickle generation.
@Kashchey1Ай бұрын
Welfare queen wrote this post
@pvl4600Ай бұрын
the rich ask for less taxes 😅 that's rich
@chindit67842 ай бұрын
It wouldnt be a labour government if the landowners werent throwing theyre toys out of the pram
@edcoad49302 ай бұрын
The issues are: no consideration for a continuation of farming, if a farmer dies passes on and then the inheritee dies, there is another tax bill and there is no credit for how much food security provides. If land is fallow for 30 years, absolutely tax them. If there is annual crops bearly making a profit due to prices, there should be credit for their work. Also, value is so overly inflated from factors outside farming.
@jakeblowers44852 ай бұрын
So where was this attitude, say a year ago!
@edcoad49302 ай бұрын
@@jakeblowers4485 what attitude? Discussion of a tax 12 months into the future?
@brianbell38362 ай бұрын
'Food security' is just another meaningless catchphrase, like 'Project Fear' or 'Three times a day'.
@edcoad49302 ай бұрын
@@brianbell3836 like energy security?
@brianbell38362 ай бұрын
@@edcoad4930 Now, that means something
@TheLastAssaultman0351Ай бұрын
This is the agriculture cartel at work. The US has lost most of its family farms to corporate farming in the last few decades. This will do the same thing in the UK. Farms do not make much money. Their capital is all tied up in their operation. The only way farmers can pay increased taxes is to sell off their land to developers.
@carltonnelson88892 ай бұрын
Being from the Midwest of the United States the one thing I know is that no government can afford to mess with the farmers. By farmers I mean those that actually grow and raise the food that we eat. You do so at your own peril.
@shieldaigbencher2 ай бұрын
Honestly, the farmers have been fucked over by Brexit, and the last 14 years of Tory government. This is the last straw for them. However, recent Tory tax exemptions by the Tories have caused this problem Plus the Tory owned press have wound them up. Has anyone met a poor farmer? The farmers tax exemptions are only 9 years old. Many asset rich businesses have survived for 400 years. Look at a business 400 years old with a factory and a warehouse who are still going strong. The farmers do not want to put their assets into trust like normal businesses because they want to separate the land from the business. Really, Farmers, you are a business, just do what every non farming businesses do that are hundreds of years old and protect your assets in a limited company. The new rules are aimed at very wealthy people who are buying farm land to use the "farmers" tax exemtions to buy loads of farm land and use it to avoid any inheritance tax to pass their money to their decendents with no tax liability.
@owenhall57422 ай бұрын
Brexit that a majority of farmers voted for lol they are footing the bill for the mess they voted for is how i see it
@Sam88-l4k2 ай бұрын
Farmers overwhelming voted for brexit and tory governments that stitched them up 😂
@6ettinold2 ай бұрын
@@Sam88-l4k😂😂😂
@Deanster101Ай бұрын
I work with farmers on a day to day basis and i can tell you the vast majority of them voted for Brexit, but they don't want to talk about how they were conned by boris johnson!
@Sam88-l4kАй бұрын
@@Deanster101 have they ever made any admission that they were conned
@tensevo2 ай бұрын
at this rate, all farms in the next 10 years will be worth over the threshold, but with no cash, just assets.
@janicestonebridge2124Ай бұрын
Admit you are a rich tax dodger and shut up.
@Simone-BucnАй бұрын
Thank-you!
@coppershark19732 ай бұрын
THIS is all the likes of CLARKSON'S FAULT. If it weren't for him and his tax avoidance chums they wouldn't have been targeted. BLAME DYSON AND CLARKSON, they are not your friends.
@Simone-BucnАй бұрын
@@coppershark1973 exactly! Clarkson, man of the people, bought the farm in 2008 - and virtually *never* mentioned it! He simply didn't care! At that time, there was *no inheritance tax* on farms - he even publicly admitted that's the only reason he bought a farm! So, it was nothing more than a *pure asset* to him, to pass down to his kids - *tax free* of course. When his head farm manager guy (who worked for Clarkson) retired in 2021, Clarkson was simply going to replace him.... Then, he had an idea .. Clarkson went to Amazon (who were already funding his show The Grand Tour) and asked them to *also* FUND (ie: PAY HIM for) a new TV show, about him running his farm. When they agreed, he suddenly became a farmer overnight - for the cameras. 😆 I mean, it's so damn obvious to me! Why can't so many people see it?
@brianbell38362 ай бұрын
Funny how rich people hate to pay taxes.
@SusanPratt-ti7xk2 ай бұрын
They should make the so call rich tax avoid go live on a small farm ,work 52 week up to 20 hours a day ,I don't think the CO of these firms would want to buy land to avoid tax ,
@brianbell38362 ай бұрын
Farmers aren't very nice people
@SusanPratt-ti7xk2 ай бұрын
@brianbell3836 have you meet many, not all are , like in life you get a few bad people that don't make everyone bad does it,
@brianbell38362 ай бұрын
@@SusanPratt-ti7xk In my admittedly limited experience, countryside people are insular and defensive and basically unfriendly. They hold town people in contempt.
@realstatistician2 ай бұрын
Inheritance tax shouldn’t be a thing in the first place. Your parents paid taxes on that money when they earned it. They’ve paid taxes on their land when they bought it (and every year).
@Nicole1998921 күн бұрын
How much did *you* pay?
@marklawson2095Ай бұрын
We are with our Farmers 100%
@matthewbowler65632 ай бұрын
If wars kick we need the land
@brianbell38362 ай бұрын
We needed the EU. The farmers denied me free travel throughout Europe. They can go f___ themselves.
@ecknareal2 ай бұрын
Pay your god darn taxes like everyone else.
@C2112-s7yАй бұрын
Yeh! like King Charles?
@zarakhan38872 ай бұрын
Regardless what Steve Reed or any one else might say. Farmers should not have to pay inheritance tax. I agree with Mr Krishnan Murthy opinions and his analysis on this particular matter. Nevertheless, our nation relies on fresh farm produce and agricultural benefits . It is essential that we continue to restore peace with our farmers and prevent further discord and conflict. Thank you Channel Four for your updates 🌻
@johnmccann51042 ай бұрын
Inheritance tax for anybody is bad...the vast majority work and pay tax their whole life but they still want more out of a deceased estate.... 😡🇬🇧
@brianbell38362 ай бұрын
@@johnmccann5104 The money should help the living.
@asrar392 ай бұрын
Admit you made a mistake and back down. Is this an old video with him talking to the bbc about top gear.
@veestaimee66112 ай бұрын
Yes let’s ‘forget’ that he said that 🙄…The standard inheritance tax rate is 40% of anything in your estate over the £325,000 threshold. That means every homeowner wanting to pass down their 3-bed semi that they worked their lives to pay for to their children will be hit hard. Nothing new. Farmers are now being asked to pay 20% because a loophole has been closed and they’re in uproar. Who’s really being stung here? 🤔
@fredmercury13142 ай бұрын
@@veestaimee6611 It's not even remotely comparable to a house. The farmers are being stung because _they need the land to grow the food_ and they can't raise the tax money unless they sell the land. If they sell the land, they can't grow the food. There's no "Oh, you're a farmer like your dad, and you're going to farm the land" clause. This will _destroy_ generational farming families. _But that's the plan. Force them off the land so BlackRock globalists can own it._ _People seem to have this bizarre notion that farmers, who on average earn about £32k per year, are just sitting on huge piles of cash, like Scrooge McDuck..._ They're barely scraping by and staying in business as it is, with the supermarkets squeezing them, and cheap, low quality imports stealing their customers.
@asrar392 ай бұрын
I think it should be equal to everyone. If i have a house i am not making any money from that, but if i had a farm it would be some income. Also the way the guy explained it it seems if 2 people so a mom and dad pass the farm on to the kids then the value has to be over £3 million.
@urbanspaceman7183Ай бұрын
If only 500 farms would be affected, then why introduce the tax in the first place to bring in funds.
@JK-zx3goАй бұрын
Clarkson is a hypocrite who's behaviour was instrumental in this tax being introduced.
@simonfrancis19452 ай бұрын
Krishnan, 500 farms per year is not a tiny number, we cannot afford to lose 1 farm per year. There are only 200k farms now .... how few do you think we can manage with ? 500 farms per year cumulatively is the minimum on the governments estimate, farmers think it's much higher and with farm profitability so low at least half of those will sell land. That land will probably no longer be farmed. Eventually over a couple of generations those farms will become too small to be viable and we'll have lost an invaluable resource, namely our traditional food producing expertise.
@njalsand133Ай бұрын
Assets is not the same as having money in the hand.
@longfang98Ай бұрын
Good luck, hope you never have to fight another existential war where your food supplies are cut off.
@Ev1lsp00n2 ай бұрын
There is a very specific reason as to why the 0% was there in the first place. If you work all your life for peanuts doing the second most important job in our society… then they do this…. Farmers are in the right! Support our farmers!
@jaspreetkr87Ай бұрын
“We’re sorry for the loss of your parent. Here is a bill of 140k that you owe on the land you just inherited, it should help you get over your parents death.” - UK govt Why can’t governments all around the world just tax the wealthy more and just stop preying on the poor and middle class??
@justoneofthesheepАй бұрын
Ok so being single means you pay 140K for inheriting a 2.2m farm. But if your in a relationship that amount goes to 0 . hmm seems fare to punish people who are not in a relationship
@Simone-BucnАй бұрын
No no, he explained it wrong at 6:54 He says "If you're a couple in this scenario" 🤦 He doesn't make it clear enough. It has *nothing to do* with the number of people the farm's going to! Here's how it actually works: If the farm *was owned* by 2 people (eg: your parents), the inheritance tax threshold is £3 million. So in this example, you'd owe NOTHING. *WAS OWNED BY.* But if it was only owned by one person, then yes you owe £140,000. In both cases, it's being inherited by one person. It depends on *who owned it before.* One person or more.
@alexnova1644Ай бұрын
Get rid of inheritance tax altogether. If I own 5 houses for example why my children should pay for it again?? This is called stealing
@MM------Ай бұрын
Oh great because just what everybody needs is 5 houses. Yes you should pay inheritance taxes because your wealth would be immense in that scenario and it would be better spent on public initiatives than on your vanity
@Mighty5754Ай бұрын
Yes let the millionaires and billionaires get away with it and let the workers and the poor pay it
@thisall4realАй бұрын
@MM------ not 40% though. A 5% seems fair. 40% is down right thievery.
@lenzalafonso9508Ай бұрын
They should pay for it again because you are holding a limited asset which deprives others of it. The point is not about wheather you have paid for it or not, land has always been a source of wealth / power , even in the feudal times. Now that feudalism doesn't exist or (hopefully you would agree) let the ones who inherit it prove that worth owing the limited asset, an object of such significance.
@Not2day-SatanАй бұрын
Jeremy always was a wizard of words.👏
@nigelbenn4642Ай бұрын
5:40 ! Currently EXEMPT! Yep I'm all for this new law! Pay your dues you tax dodging wankers!
@goodmusicneverdies19982 ай бұрын
Farmers complaining over paying some tax over 3 million 🤣 If you have kids, you'll most likely be married like.. 1 million is ridiculous enough of a figure, but practically all of them won't pay ANYTHING until 3 million! 🤦🏻♂️ (If they're married)
@stephenbrown4211Ай бұрын
I just read a report that while Farmers, most businesses pensioners and the working class will be paying horrendous tax rises, it seems other super rich companies won’t. Law Firms, private equity firms, architects and accountancy firms will not be subject to tax rises. Most of the people who run or own these companies will not have to pay higher NI or inheritance tax. Funny that as it’s these companies that would be involved in huge building projects and solar farms that will destroy the countryside. Is this tax loophole being kept open so it’s easier for these type of companies to buy up farmland? I wonder if construction companies and property developers have avoided this hike as well🤔
@mrdeafa252 ай бұрын
So many people have zero sympathy for farmers because, despite what they say, they are mainly very wealthy people with land that gives them an almost guaranteed high standard of living. Why should they be given special treatment? When my mother had to go into a home we had to pay £1000 per week until ALL my inheritance ran out.
@Ghengiskhansmum2 ай бұрын
Many farmers pay over £10,000 a term to top tier agricultural colleges for their kids to learn the trade. Poor things!
@brianbell38362 ай бұрын
Privileged folks whining when the privilege is taken away.
@brettharter1432 ай бұрын
Your poor planning meant you had to pay 1000£ a month, even the minister in this video said 'with planning theyll get through it'. If you had the brains to sort out her affairs before she needed a home you'd have paid nothing. Anyway inheritance tax is theft.
@brianbell38362 ай бұрын
@@brettharter143 All tax is theft but it's necessary
@C61-y9sАй бұрын
So some persons are suffering so then everyone must suffer? That's so petty and childish. Taxation is thievery on the worker.
@pichousakirito1682 ай бұрын
The inheritance tax is the most disgusting idea in the world. Everyone already pays taxes. Why people who can afford to save/invest be liable to pay more taxes on the income that has been taxed?
@Britephartt2 ай бұрын
Maintaining wealth and privilege from generation to generation and not paying a fair share to support the society that supports you and gives that money value in the first place. That's the disgusting thing. Not inheritance tax.
@joshuaellis37252 ай бұрын
Well, basic economics tells us that if there is no inheritance tax, then income taxes must increase significantly. The entire purpose of inheritance tax is to prevent generational wealth from accumulating indefinitely with little or no work on the part of the beneficiary, and to help reduce the burden on those who don't even have wealth to begin with.
@Entropy196Ай бұрын
@@Britepharttand yet wealth inequality has only got larger and larger. Strange... almost like this tax doesn't do any of what you think it does.
@fnjordyАй бұрын
Try fortune tax in Norway, there are easily worse ideas.
@mullenio42002 ай бұрын
When they announced this, without knowing any of the details, I thought to myself. 'Well that sounds like a controversial idea.'
@mdjqs2 ай бұрын
Improving services like NHS he said?? Stop sending money for war & genocide!!!!
@JimBanksy2 ай бұрын
Was Jeremy arrested for voicing concerns...
@slcismАй бұрын
Billions to Ukraine; looking like it'll be funded by destroying the local food supply. Absolute genius.