LBC News - Impact of Inheritance Tax on Farmers

[@In60seconds60]

If you're on universal credit then you don't have a viable business. You need to get a different job or business. Luckily for you, you're in the fortunate position of having millions of pounds in assets, so you can sell some or all of those and have a good life. Many people don't have that luxury.

[@BadgerBoy59]

So if it's the tax-dodgers that are buying-up the land and subsequently increasing land value as you say, then what's the issue with implementing this inheritance tax? It's still a lower rate than what the rest of us pay on assets over £500k, and married farmers still get at least £3m as the threshold before they even pay a penny. I do also understand the issue of farmers not earning enough, so something definitely needs to be done about the price gouging by supermarkets so that farmers can actually sustain a living. Whilst this solution is not palatable to some small farms who will inevitably be in the borderline area of the new threshold, at least it's closing-down this loophole that's being used by the wealthiest in society, which should hopefully bring down the this artificially inflated value of the land for the future. Essentially, the main culprits of the farmer's woes are the super rich who have created this issue of high land value, coupled with the super rich who own these supermarket chains to price gouge farmers, AND the super rich who convinced the UK and its farmers that Brexit was somehow a good idea.

[@wrathrider014]

You’re not a farmer, you’re a tax dodger.