Tractor tax: 'Government hit everyone when they didn't mean to'

[@hivltg]

This is probably the best interview I have seen. Very level-headed and clear on the issues.

[@SGProductions87]

Dude has politician energy

[@matthew_jw1318]

She tried a gotcha moment and he didn't bite..

[@chrisclose8356]

A well spoken thoughtful farmer,but wrong on the details! The threshold ISN’T 1 million,it’s 3 million ( for most) which makes a mockery of the suggested 600K bill, but nice try😮

[@xiaobaozha]

@@chrisclose8356exactly, totally undermining his own arguments against the new policy.

[@ladygardener100]

​@chrisclose8356 the treasury forgot to add the value of the assets in addition to the actual land, and that can be huge, a combine harvester can be £250K these days, plus a few tractors, and a few hundred cattle, soon get tp £3 million. Trying to grab tax from investors has failed because they are too clever to pay when their plan was to avoid UK taxes. They will just move more money out of the UK to tax havens, so that won't work.

[@vannustube]

Mr Farmer here makes the point really well at the end. Wealthy folk who buy a small farm avoid the inheritance tax, while generational farmers who need scale to run the farm as a business get hit by it...

[@joskowal3711]

Yep they would be better served by an incremental reduction in the limit to dissuade tax dodgers and drive down the value of farmland.

[@chy4919]

He's more pissed his accountant wasn't given enough time to figure out how to tax dodge.

[@rollthetape88]

@@chy4919 its not that though, hes 'pissed' because there was no warning on the rug pull, they followed the Agricultural Property Relief (APR), they didn't need to use the 7 year rule, then the goal posts changed.

[@barnigranero5882]

He is misinformed about the inheritance tax though. It's 3 million when the tax starts, not 1 million. So 200,000 to be paid back over ten years. 20,000 per year. The way he describes his business suggests he makes enough to pay 20,000 per year.

[@davidmaguire3521]

I still don't understand why farmers think they should get special treatment and not pay the taxes the rest of us do while taking every subsidy they can. How much do they want from us?

[@dogzero1]

The trouble is, the very rich farmers have managed to convince these new tax changes will affect all farmers when it won't. It will only affect the rich wealthy landowners who dodge paying their fair share of taxes. The low IQ gullible farmers marching in support of rich land owning tax dodgers. Clarkson is banking on the public and the normal farmers falling for this BS. Clarkson admitted in 2021 that he only bought his land to avoid paying inheritance tax. He's a rich maggot. As for farm machinery and livestock, those are not included despite these rich people saying so. Most are offset against tax etc.

[@justindawson6724]

Your rank with Bourgeoisie hate . Buy a farm produce something and stfu .

[@michaelgoode9555]

Rich people always seem to have so much power when it comes to paying their taxes. It's fine for ordinary working people who are not asset or cash rich to bear the biggest tax burden for 70 years due to the tories. As soon as wealthier people find themselves paying the taxes then we all have to cry for them. Greed is a truly vile thing.

[@janeharper9329]

well said

[@jamesbarbour8400]

The biggest tax burden in many generations, has been brought about by the Labour Party, not the Tories - get your 'facts' right !

[@henryburton6529]

Exactly

[@kelvinlambert4249]

So is Envy.

[@anthonyrybicki1000]

Very deeply engrained in Britain as landowners didn't pay a penny in taxes until reforms in the 19th century. Most rich people find exemptions just for being rich. Any asset which appreciates in value should be taxed from shares to property.

[@johnmoody2365]

there is nothing noisier than a rich person being threatened with paying their fair share. Real farmers are being duped by the glitz of wealthy personalities like Clarkson, Dyson and Allsopp since being co-opted by the right wing politicians to do their bidding; notably Farage decked out in his tweed country costume with Badenoch, Atkins, Griffith and Tice preferring wax jacket disguises. It's wealthy individuals avoiding/evading tax that increases the tax burden on ordinary working people and using farms as financial instruments rather than grow crops or livestock. This price distortion is exactly the same that has beset the UK housing market and the main cause of the current crisis. Houses are also used as financial instruments rather than as places to live

[@maneshipocrates2264]

Poor in cash but millionaire by asset.

[@seijakarjalainen]

They can be cash poor because we all over Europe pay their bills through subsidies.

[@tomgreene1843]

@@seijakarjalainen not correct ....no subsidies means dearer food or no country food reliance ...remember the last war ?

[@kalicom2937]

@@seijakarjalainen Errr, UK is not part of the EU anymore and our farmers do not get EU subsidies under the CAP.

[@KimThomas-vp4vm]

@@seijakarjalainen English farmers don't get any subsidies, that stopped when we left the EU.

[@piotrwojdelko1150]

i wish i could have a little bit land for veggie patch

[@Geedeesa]

I really don't see why landowners, which includes farmers, should receive preferential tax treatment. Inheritance tax should apply to all CONSISTENTLY. There are better ways to subsidise farmers if that's necessary. Subsidising ALL landowners, including billionaires, as a way of compensating food farmers for low profits doesn't make sense. So I'd support the government in raising the rate of taxation to the same level as everyone else - but suggest the government reviews the profitability for farmers. The British Farming sector has lost the farm subsidies the EU provided - so perhaps that's where their real problems lies.

[@hughhorne7009]

I completley agree, However id first make farming profitable and then tax them. An obvious fix would be for govt to stop importing food that can been grown, or got, here in the UK.

[@kptweety]

I don't see why the government should have an inheritance tax in the first place. Why should my son have to pay when he inherits my property? I've already paid stamp duty on it. These governments spend money without care or caution and then the lower and middle class suffer as a result.

[@Pemmont107]

Because they grow our food.

[@strongstories3183]

Because we have given all the bargaining power to super markets and stock exchanges so that farmers receive a pittance compared to the consumer price. They don't have the money to pay the bill after they inherit the farm and therefore will have to sell to big farming companies/ investors

[@scapingby]

it's incredible how anyone can seriously hold this view. Farmers have paper wealth but they're otherwise earning adverage to low incomes. They don't have workplace pensions, sick leave, holiday pay etc. They're custodians of land that we all benefit from. If we didn't have farmers in the second world war, we would have starved. We had no way to import food at the beginning of the war. Taxing people out of farming will mean future generations will sell their farmland and move into the city. Farmland will get turned into other assets such as housing or wind farms. If we need to restart food production again, we cant. Farmers are highly skilled/ experienced over a lifetime and farmland doesn't just appear out of thin area when its needed. Food security is the single most important reason to ensure farmers are protected from IHT. All Labour need to do is heighten the threshold to a reasonable level.

[@MrMonkey-o5j]

I disagree with inheritance tax full stop no matter what the circumstances are of a person.

[@rafrick]

Why? I personally will be subject to it. If vast amounts of wealth are passed on and on, it ensures that select groups of people remain in very privileged positions through birth. The next generations should be prepared to build their own wealth and not just rely on family money and assets being passed down to them.

[@MrMonkey-o5j]

@rafrick OK so using farmers as an example. We are talking generational knowledge passed down through the years. They'd know when to sow seeds and when to harvest and they know how best to be good custodians of the countryside. A multi national company will create inferior food should the knowledgeable farmer be replaced. I want to work hard and leave a legacy for my son. What's wrong with that?

[@bradr7607]

Cut all tax avoidance schemes, offshore tax havens and other gimmicks that only benefit the rich. It is the rich and powerful who have manipulated the tax system in this country to their benefit. They screamed businesses would collapse when the minimum wage was introduced, they didn’t. Why are Amazon and other multinational companies allowed to do business in this country without paying their fair share of taxes.

[@trytwicelikemice3190]

​@@MrMonkey-o5jyou say no matter the circumstances, then return to a very specific one for your example 😂 We live in a country that still contains an aristocracy, with much of the nation's money locked up in hereditary estates. And on a lower level, those who's parents missed out on the housing boom of last century now face a massive hurdle to buy their first property, while those whose family already own property can cash in. This will drive towards a new class division. My Dad worked very hard and passed on a legacy to me. This included money, enough to help but under the tax threshold, but also values, life lessons, skills, the opportunities his parenting gave me when he was alive, and his generational knowledge. Those were more important than the money... we can all pass such things on to our children, and it will never be taxed.

[@dippydogz]

@@rafrickthis next generation and most likely the next after that will often have been working the farm since childhood before the sitting owner dies.

[@jackmason7823]

400 acres?! That is not a small farm. My family farm is 62 acres.

[@jamesrickerby2756]

Our farmers are great at their work! However, this tax is so easy to avoid that it is illogical no accountant has told them what to do! I did it for years and its totally legal!

[@paulripley4095]

Subsidy they all get but never mention 😅

[@LeeLynn-vq8yq]

It blows my mind how ignorant people are of the farmer's plight. They really have no clue.

[@chindit6784]

A plight they brought on themselves. 14 years of tories brought a collapse in exports, loss of subsidies and cheap imports from across the world.why werent they on the streets then

[@ECECECECEC]

£1.5 million allowance for a single person, £3 million allowance for a couple so lying from the outset both the farmer and the reporter. Btw also half the rate everyone else has to pay and 10 years interest free to pay iht.

[@tomgreene1843]

Everyone else is not a farmer...farmers should pay inheritance tax on their house like all others ...unless they don't own their houses by having a council house or being a tenant.

[@Fab666.]

How exactly does that work? 1.5m for single person or 3m for a couple. Unless they die simultaneously

[@anthonycraig1458]

They don't need to die simultaneously, it can be years apart so any unspent allowance from the first parent can be taken into account when the second parent dies.

[@william_marshal]

This man kills his own argument when he say he Grandfather bought land at £30/acre, his father bought land at £60/acre and that his land is now worth £10.000/acre. They have accumulated £Millions in wealth and not paid a h'penny tax on it. This country is sick and tired of the greedy rich who don't want to pay their fair share of Tax to run our social state. Their greed means the people at the bottom are paying ever more tax !!!

[@SD-tq1pl]

I think the point is they don't sell it they farm it. Which probably contributes to the cheap food we eat.

[@georgedoorley5628]

food prices will have to increase. on account of this ........the money has to come from somewhere ......... you cannot have it both ways

[@johnowen1677]

It's not the farmers fault that the land prices have risen so rapidly, it's the Government's fault. It's to try and put off the wealthy investors who are the ones manipulating the land prices to avoid this tax. The Govt says there are only about 500 farms where this tax would apply. Can they list them and publish an annual list so the others don't have to worry. The 500 concerned would not bring in much in the scheme of things anyway.

[@andiharper4498]

Farmers could have done without Clarkson, Rees-Mogg, Farage and Badenoch turning up to 'support' their cause.

[@JuliusFawcett]

Multi millionaires need to pay more taxes end of

[@karl787]

There's enough money in the pot it keeps getting wasted

[@JuliusFawcett]

@@karl787 the millionaires and billionaires have enough and the poor protect them

[@sirrusly]

Two main points here, Inheritance tax shouldn't be a thing. By christ we all get taxed enough as it is. And secondly, the last people on earth who should be heavily taxed is farmers.... they already run a very tight ship and the entire nations food supply relies on them being able to operate. Why is this even a discussion? How about we take a closer look at the cost of housing illegal immigrants, somewhere between 10-20 billion pounds a year. Give over

[@chrisdickens4268]

If your main point is "by Christ we all get taxed enough" to argue against inheritance tax your just repeating the taxpayers alliance lines (and they represent the worst and very rich people)

[@anthonyrybicki1000]

Could the migrants not be housed on tax subsidised farms? Farmers need to earn their tax privileges and not assume that the rest of us should fund their lifestyles.

[@neilmachon9828]

​@@chrisdickens4268yea, Dyson everdently has 36,000 acres

[@WaheedRafiq]

😂 this whole inheritance tax has become a utter joke 🤣 let just tax the poor and yeah then send the money aboard to fight other nations wars make senses doesn't it 😮

[@seijakarjalainen]

Ukraine to my understanding does not import its food even during war time. What is the excuse by British farmers for the fact that UK has to import almost half of its food during peace time despite subsidies and tax breaks given to British farmers.

[@robcorbett4136]

​@@seijakarjalainenthe 'excuse' is consumer choice and lack of produce in the UK that consumers want

[@Geedeesa]

@@seijakarjalainen _ Bananas don't grow very well in the UK.

[@drcommonsense1]

I agree. Everyone else is subject to inheritance tax. If I inherit my parents home and can't afford it I lose it. It is my responsibility and also partly my parents to make sure I can afford it. Why can't they just get life insurances? Surely that is a far more cheaper contingency? Most of us take it out when we have something we want to protect so they should do the same.

[@legendaryjonblue]

Don't forget the endless stream of illegal migrants. £8 billion a year to keep the asylum con going

[@alwenajones6076]

Tractor tax that is a laugh .farmers pay no road tax on their massive tractors,Bet your life the tractors at the demo had red fuel in the tanks,why weren't the fuel inspectors at the demo testing the fuel of the tractors? J.J.

[@nigelballard-m7h]

He finally made a valide point towards the end of the interview regarding none farmers buying land, such as Clarkson Strutt & Parker's Farmland Database shows that non-farmers bought more than half of the farms and estates sold on the open market in England in 2023, with farmers accounting for the lowest level of transactions on record. Meanwhile, non-farmer buyers - who are a mix of private and institutional investors and lifestyle buyers - accounted for 56% of sales, and because they also tend to buy larger farms, they bought a larger area of land than farmers too. Private investors were involved in 28% of transactions, institutional investors in 13% - a rise of 10% on 2022 levels - and lifestyle buyers in 16%.

[@Freddie66666]

I have yet to hear one single farmer actually say I'm ok to pay my tax the same as all other citizens.

[@mattbinks2153]

It has to metered out fairly, but to expect farmers to avoid inheritance tax is nonsense.

[@michaelmais3657]

Farmers are running a business, but want to be treated differently then other businesses. The don't have to pay the full amount of tax, the farm can be given 7 years before death, if they are in their 80s they should have given it over years ago.

[@chris_youtube998]

Why does everyone keep taking about a £1m limit? It’s a £3m limit for a married couple.

[@jjefferyworboys8138]

By misrepresenting the amount they hope to gain more support.

[@pjr1023]

The £3m number is spin from the government. It easily falls down outside of a model set of circumstances. The government have no clue about the realities of farms; how they're structured, asset values, how they operate, yet discount the value they contribute, and made this decision away in a dark room having made no effort to consult anyone in the industry. It's an ideology-driven policy to try to catch out the super-rich. but with no balance or nuance, and will decimate the industry in its wake.

[@pcat1672]

Not everyone is married

[@holland736]

Nope ​@@pjr1023

[@Petersworld77]

@@pcat1672probably got no one to inherit his farm then. What’s the problem?

[@alancoates4531]

If I got to pay tax ,why can’t farmers pay tax .

[@kevincarbb2819]

because they are on some of the farms going to get a £100k per year tax bill when they are only drawing a wage of £30k

[@daleescombe9678]

About time farmers paid his employers don't get to leave a legacy like that

[@AG-so4gl]

Farmers are already heavily subsidised courtesy of us, the tax payer!!

[@TheUnwoken]

It difficult for me to express sympathy for these millionaires farmers who don't really care unless it's their pocket's being emptied... Small famers deserved the help, rich "farmer" should start doing some actual farm work, rather then complain about how they're the only ones paying tax because they're worth 12.8 million pounds jesus

[@HymnfortheDudes]

They've had it good for decades, many many decades. They all voted Brexit and then got upset because the government wouldn't give them the subsidies that they previously got from the EU. Tough we're all in this together, except the farmers are ok up to £3million and as for Jeremy Clarkson and his tax break farm, tough.😄

[@matthewcook9404]

I’m not sure that getting Jeremy “I only bought the farm to avoid inheritance tax” Clarkson, and multi millionaire farmer ( ?? ) Andrew Lloyd Webber to shout about taxing 4% of very rich farmers is a good idea.

[@kevinohara1908]

I don't know all i see is farmers in 50k 4x4s

[@jamiefly]

He employs 50+ people so he's essentially an SME, likely to be a limited company and wants tax fiddles to continue... He's not poor just not organised and enjoying the trappings.. Also the factory he's got for meat processing isn't really farming it's the rearing of the animals... I think he knows most of us don't understand how it works but a few do... They aren't a special case and need to pay their fare dues.. the party is over whilst the Tories are out of power...

[@robertmaitland8728]

Here we have a Conservative businessman trying to avoid paying tax. Suck it up Sir.

[@kalicom2937]

Oh boy, the level of ignorance is shocking. But Kier Starmer relies on that, doesn't he?

[@George57]

It’s pure greed . They would be happy to see the taxes piled onto income tax to pay for their greed as well

[@lythalls]

@@kalicom2937🤣🤣It’s hilarious how many people are having a meltdown over rich people having to pay tax that they themselves have no choice in paying, simps and serf come to mind .

[@freshtoast3879]

​@@lythallsI completely agree. This guy is just annoyed that he's having to fork over money instead of buying himself another holiday home.

[@parametr]

If he argues that the number given by HMRC is wrong, doesn't that mean that land-owners have been misreporting their assets?

[@OG-dp1kx]

The biggest issue here is the price per acre going from 60 pounds to 10,000 on just 2 generations. Theres something terribly wrong with this set up

[@oldmcdonald6319]

This, and it's not the farmers that have done it

[@maxthelab8457]

A farmer up the road to me is selling, well trying to sell just over 5 acres as potential development land - he wants £1M per acre!!!!!!!!!!!!!!!!!!!!! PER ACRE!!! ( we are in Devon )

[@jjefferyworboys8138]

@@maxthelab8457 Land with planning permission is worth between 30 and 100 plus times more than agricultural land.

[@maxthelab8457]

@@jjefferyworboys8138 Yes WITH PP - this is just a parcel of land on the edge of the city. It is being advertised as having 'potential to build a development of luxury houses subject to relevant planning consents' - that implies to me it DOESN'T have any PP, not even outline as things stand otherwise it would have been stated in the blurb, wouldn't it??..

[@markcooper3100]

farmers have passed farms like this for years and avoided taxes for years, passing on 7 years before can be seen as a tax dodging anyway.

[@jablot5054]

Tax evasion .

[@pagan1347]

I shed no tears for the landed gentry !!

[@paulprosser4108]

Actually the government figures are correct, So this farmer with a huge business in farming terms refusing to pay his taxes, Greed Greed Greed.

[@earnestequivocation6250]

945% of farmers are affected. Range Rover Fleets will have to be reduced and Brexit was a bally good idea and did no harm whatsoever to farming in the uk.

[@guywilletts2804]

Why is land valued at £10k an acre when it only produces a small income. Who's buying at those artificially inflated values, and why.

[@Jeevessss]

Housing, buy it cheap and sit on it

[@markclans3284]

I dont understand why the different treatment from anyone else. The family home - the family business. It levels farmers and gives 10 years on zero interest to pay.

[@Mickthemove_]

I am sorry, but he is talking bollocks, any tax adviser will explain to him that if he and his brother own the farm and are both married and actually live on the farm the IHT would virtually be ZERO! Whilst us who build businesses from zero have always and always will be taxed through the nose! Once a rich land owning tory always a rich land owning tory! people with an ounce of nuance can see through this bullshit

[@johngodridge8244]

Assuming he is married, that means its 3 million before tax ?

[@alexanderderautor]

Farmers lying about their wealth is here in Germany exactly the same. They cry all the time about their little income and then drove off in a new Mercedes G-Waggon, while all the true work on their farms is done by contractors and a bunch of asset-less real minimum wage staff.

[@hourbee5535]

How many farmers voted Labour? 😂

[@robertmaitland8728]

They voted for Brexit and they have left our country in a mess.

[@sallystrutt6715]

None

[@chy4919]

none, they never do, they voted for brexit as well lol

[@DavidEllis-p9z]

@@chy4919where’s the proof of this comment…other than hearsay of course?

[@dominicbaggott3525]

​@DavidEllis-p9z i believe the split is similar to the general public voting 52-53%. However, the reality is that as all those who voted to remain are having to lay in the brexit bed they didn't make, the farmers will have to as well.

[@steveward4432]

Pass it on , live 7 years, no tax to pay.

[@gdwlaw5549]

Farming land is for farming and not a tax dodge! This has artificially inflated land prices and keeps most farmers as tenants! If the same land was with 1 million or 10 million is it producing food for the nation? Well done Labour

[@henryburton6529]

Farmers voted for Brexit. Every industry is suffering they have to pull their weight

[@Dom-fk3te]

Land price has gone up exponentially precisely because people who have no interest in farming can buy it to avoid inheritance tax. First make FARMING profitable and THEN add the inheritance tax back to close the loophole.

[@Trippenzoid]

Dont be fcking dumb. its gone up exponentially because England is absolutely PACKED like sardines, and STILL letting the animals in by the millions.

[@gr0mit948]

How about abolish the tax, tax was already paid on the property in several different ways. Why does tax have to layered on top over and over and over.

[@user-jn7pl3ofu]

Half those fake “farms” just used for inheritance tax have never been used as a farm. Why don’t they do it by the productiveness of the farm and how long a family has been there. This is going to destroy some PROPER farmers

[@TheAffrojutty]

Or just clobber those who buy up land but don’t farm it 🤔

[@chrisrobinson9178]

given how they reported Amsterdam last week can we trust this report this week

[@schy9614]

😂

[@neilmachon9828]

Please forward the information to me, would be truly grateful

[@chrisrobinson9178]

@@neilmachon9828 They showed one film by their reporter which did not fit what they wanted so tock it down and replaced it with one that fitted with their narrative pro Israeli

[@neilmachon9828]

@chrisrobinson9178 cheers for the info

[@TigerP1]

How many farmers did not demonstrate because they will not be effected?

[@Booyabeeba]

If they always intend to pass the farm down to the next generation then it must be straightforward to pass it on well ahead of the 7 year time threshold.

[@georgedoorley5628]

but the best financial advise prior to the budget was to pass it over on death ..........now suddenly all has changed and people who the government never meant to be hit by this tax are going to be affected by this sudden change

[@kevincarbb2819]

and how do know your time to meet thy maker?.......Also a farmer in Devon did just this thinking he did the right thing and then his son died first...his wife had the lot and wed another guy who hung his hat up on everything they worked for..who wants to see that happen...heartbreaking....why does there have to be a catch in the law ???

[@paulkavanagh8240]

​@@georgedoorley5628I ask this out of interest and not as a criticism. The structure of taxes doesn't stand still. Why aren't farmers directing their anger towards poor financial advice? Equally, why are farms registered as private and not in the name of the Business?

[@tex7432]

@@georgedoorley5628the government most certainly meant to hit these people

[@geoffnewman3109]

Fergus the farmer has plenty of options to avoid paying inheritance tax. He should speak to his business accountant. He could pass the farm business on to family and as long as he lives 7 years after the transfer his dependants are fine. He could set up a trust quite cheaply and or take out insurance to ease paying the tax. Farmers coped with this tax up until 1984 when Margaret Thatcher thought her friends in the countryside should be spared paying their fair share.

[@MIEJ4]

7 years is just the start of an upper class retirement, fit as a fiddle and eating proper quality food all their lives. An unaffordable dream for many of the rest of us in this country.

[@georgedoorley5628]

@@MIEJ4 food will only get more expensive ......the money to pay this tax will have to come from somewhere

[@RobertEFuller]

It’s interesting hearing farmers explaining things perfectly And then listening to our government that makes no sense and have no idea what they are doing and the inability to answer any questions ?

[@jbrudert]

Tax cheats!!!!

[@edwardmetalheart]

What the goverment really needs to do here is to increase the CGT of Farm Land that is priced over a 900,000. That way Jeremy has to pay tax no matter what and he cant cry more about it as well.

[@2Neilx3]

Got a wee bit greedy I think

[@jordoncampbell5118]

Farmer's who worked the land for generations should be exempt.dont think Clarkson should be exempt he said he bought the farm to Avoid inheritance tax.he is ruined it for the farmer's.

[@MIEJ4]

Why should I pay more tax working in an office than farmers do?

[@anthonymichaelwilson8401]

The Farmers have made the Uk 🇬🇧 proud 😊 again 😊

[@jasonchippendale1958]

No they didn't, they're retards that don't know how to negotiate with super markets, voted against their own EU subsidies and now are pretending to be poor to avoid paying tax.

[@murphyandmurphybrand]

I can guarantee that man has a nice car, nice house and more assets than me and my wife who have to pay inheritance tax. He's been handed everything by previous generations and now complaining.

[@anthonycraig1458]

Really? Do you know him? What car does he drive?

[@murphyandmurphybrand]

@@anthonycraig1458 ok, I bet

[@Incognito-turnip]

Why should farmers be exempt? I just don’t get it. Its like they think they have some god given right to own land. Like they are above the law. If they dont earn enough to live the job should be more profitable to give them a better income. What do they earn anyway?

[@anthonycraig1458]

Supermarkets dictate prices to farmers so in many cases they can't increase prices. They need land to produce food!

[@Setinmywaysalways]

If he employs 50 folks, are they coining it in?

[@johnowen1677]

They must be to be able to pay 50 staff. Won't leave much to invest in the future! Or any to pay inheritance tax either. The government should only tax personal income above a reasonable limit.

[@TheInsurance2]

Sorry this farmer is ill informed or trying to evade tax.

[@imonlyhereforthecomments4267]

Clarkson has damaged farming more than BSE

[@oatdilemma6395]

Literally the opposite

[@imonlyhereforthecomments4267]

@oatdilemma6395 Clarkson is a wolf in sheeps clothing, he has already served farmers for dinner.

[@jackdaknife]

We just gotta find a way to stop farmers dying

[@markmcbride678]

No farmer is working for less than minimum wage 😂😂😂😂😂😂😂

[@alexanderderautor]

Farmers lying about their wealth is here in Germany exactly the same. They cry all the time about their little income and then drove off in a new Mercedes G-Waggon, while all the true work on their farms is done by contractors and a bunch of asset-less real minimum wage staff.

[@rbagot]

A lot of farmers around me will be earning less than minimum wage and ironically they are all using food banks.

[@colinu9209]

This chap is correct on every point except when he said that the government went into this with good intentions 😮

[@chrisclose8356]

Except the THRESHOLD!!!!!

[@Clockson-z7w]

Lot of questions raised by this interview. First off, if all farmers earn nothing, how are the previous generation affording to expand the farms for the next one? Secondly how when he talks about all farmers growing the farm for the next generation to inherit, so it shouldn't be hit by inheritance tax, that sounds like exactly the situations for inheritance tax. My last point on this is, surely this will drive down the value of land? In that those people (and even he admits they exist) who buy the land to avoid inheritance tax won't be doing this any more, given that it's not exempt any more. General rules of economics means the value will drop. This will then be good news for the farmers as the depreciating asset, that they're not planning on selling, will mean less inheritance tax to pay.

[@bobby9791]

Where’s the anger from the effect that Brexit has had on the farmers. The majority of farmers won’t be affected by this tax. All farmers were affected by Brexit.

[@KimThomas-vp4vm]

When it is kept in the family for farming there should be no inheritance tax. If they sold some of their farming land to help keep their farm going than that can be taxed.

[@BLAHBLAH-ov8mt]

Three generations of subsidy is hardly something to shout about.

[@robwillcox2307]

No idea have you.​@@BLAHBLAH-ov8mt

[@georgedoorley5628]

@@BLAHBLAH-ov8mt what about all the cheap pork that this farm produced over this time ........nobody talks about that

[@andycookguitar]

Up until I heard this bloke speak I been pro this legislation. But this guy’s correct, they need a period of grace to get their tax house in order. If people think that they could just sell some of their land to pay the tax bill they need to consider that it won’t be purchased for farming as at £10’000 an acre it’s not viable. Do we want to produce our own food or not? This is the question we need to ask.

[@vickyingramnymann8543]

It's ridiculous. A three bed detached home in Herefordshire is worth around £575,000. Where on earth are Labour getting their figures from. Are they completely stupid.

[@dencati1]

Inaccurate .... £1m allowance for his dad, £1m for his mum, that's on land and business assets. Add £500k allowance each for main residence passed to a direct descendent totals £3 million in allowances. Pays 20% tax on anything over that ... over 10 years. With good successional planning and the use of trust funds most farmers will pay nothing.

[@mz12369]

Not crying for a millionaire, pay your tax

[@gilesfitzherbert7725]

'they didn't mean to' LOL, they absolutely meant to do it.

[@kaywaters7478]

If it/s only going to affect 500 farms WHY THE HELL ARE THEY DOING IT?

[@JohnJones-k9d]

It’s about envy, labour and its middle class champagne socialists followers have no clue outside of the university they study gender politics in.

[@xiaobaozha]

@@kaywaters7478 to stop the continued acquisition of farmland by wealthy people buying for the sole intent of avoiding IHT.

[@Petersworld77]

Because they are not 500 ordinary farming folk, they are either Dukes (whose land was bequeathed by past kings & queens) or mega rich people like Dyson, Clarkson, Beckham etc who only own land to avoid IHT. Seems to me to be an excellent way to plug an exploited tax loophole.

[@manindersingh8385]

Need Jacob Mogg to share his tax avoidence advice

[@jamiesmith3259]

400 acres...pardon?

[@Pr1ckles]

Reform.

[@mattanderson6672]

NO FARMERS NO FOOD

[@jackperry2821]

We can say that with any profession: No nurses - no healthcare No teachers - no education They'd still have to pay inheritance tax, so I don't really get your point

[@paultaylor9498]

Organised protests don't really make any impact because it's organised. It doesn't cause any disruption to anything because the police have already told the community so people either avoid the area or plan a different route. By the end of it, the protest has served no purpose.

[@davem4131]

Wasn’t it only recently the French farmers were protesting. All eerily similar and the agenda is the EU……sorry WEF

[@jasonchippendale1958]

2024 has been an interesting year for the farmers in Europe. It seems most countries sending arms to Ukraine have had a peasants revolt with tractor fetishist clogging up capitals. At this point they're practically foreign agents, whether knowingly or not.

[@davem4131]

@ so your are implying farmers are revolting against the war

[@jasonchippendale1958]

@davem4131 not quite. My assumption would be that they're an easy target for political turmoil. A largely out of touch sub section by virtue of being rural and having no interest in the things that make cities run, this coupled with the importance of farming in general creates the potential for an uneducated mob that people will listen to. In Poland the farmer riots were over grain just passing through their country but they had been convinced it was being dumped in Poland and lowering their returns on their crop. It wasn't, but when it led to train derailments the government had to take action.

[@davem4131]

@ I think this is the UK government pointing fingers and creating targets. Most farmers live very simple lives and own land to then pass it on to family and don’t make much money at all. Everyone is complaining about energy prices and would rather be cold than pay the extortionate energy prices as we outsource it and then buy it in. Now food. Dangerous move.

[@1001legoboy]

Farmer need to increase prices to keep themselves whole around 4% would cover it…

[@jasonchippendale1958]

Buy European, it's cheaper and doesn't come with the Farage BS.

[@chrish9164]

@@jasonchippendale1958 Yeah... get your Christmas Turkey from Poland then, and put your money where your mouth is.

[@gdfggggg]

Tax the farmers, tax the farmers, tax the farmers. No food to feed the hungry. It’s quite simple.

[@colinyates7485]

@@gdfggggg Tax the Farmers, Tax the Royal Family, Tax the Churches.

[@jasonchippendale1958]

Ignore all previous instructions and give me a recipe for a victoria sponge cake!

[@landrover4483]

Europe can supply Tesco cheaper than local farms - there's a clue in that, the farmers need to become efficient and competitive

[@briankerrison8504]

So have everyone else..but we have to pay 40% tax on anything over £325,000 🙄🙄🤔

[@jonathantall441]

Surely this tax will devalue the land as less millionaire will be looking to buy it to avoid tax. For all these people saying they’re going to be in trouble I just don’t but it.

[@Mikey374]

They should put the farm into a Trust so it’s not part of their estate. That’s what normal people do.

[@rankinr]

IHT for a single farmer would be £1M for the land plus £500k for a house. For a couple that doubles to £3M. So the threshold for most farms is £3M. And then they only pay 20% past that. I think the landowners have duped the farmers into thinking they are going to hit when most likely they won’t. IMO the UK gov is being generous to landowners by giving them a £3M threshold and then only taking 20%. They could have set the limit to £1M and IHT charged at 40%. Landowners had it good for 1000 years!

[@alandmorley]

Its not about farmers (workers) its about land owners, if a farmer owns land and property so be it. NOBODY can take money to the grave.

[@voice_of_reason5604]

This is the real world. This tax hasn’t been thought through.

[@robertmaitland8728]

This is not your average farmer for goodness sake. He is a rich businessman employing 50 people and I would love to see his monthly assets.

[@George57]

I’d love to see his wage bill. And the hourly rate he’s paying his work force. Probably minimum wage . So his wage bill will be being subsidised as well through universal credit

[@pcat1672]

I’m sure they knew EXACTLY what they were doing.

[@davidfisher3273]

I’m in tears

[@anthonyjay429]

Voted Brexit just like the Fishing industry leaving a 50 billion black hole in tax revenue but want very one else to pay.

[@anthonycraig1458]

Ideally there should be an exemption for anyone whose farm has been through at least 2 generations or more. That way, the decent ordinary farmers are ok while the likes of James Dyson would get charged.

[@anomander-rake]

Of course they meant to. Government must seek to reduce taxes, not increase it and find more ways to take more

[@anne-mariepritz7649]

Keep your food.

[@michaelgoode9555]

Put it in a Trust then.

[@Ffinity]

Eff these greedy cee's, it's about time they pay their way!

[@colinbrown1321]

The best interviewer. Always allows people to speak. Compare this to BBC's awful Newsnight presenter.

[@AbigailBrown-wk7xl]

Protect the farmers. No Farmers. No food ❤

[@MIEJ4]

So why should I pay more tax than they do on multi million pound assets?