Thousands of Farmers Rally in London to Protest New Inheritance Tax Plan

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Good Morning Britain

Күн бұрын

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@JimBob_1975 Ай бұрын

Farming is hard enough as it is without pen pushers making it even harder. I'm with the farmers 100%

@MusikCassette Ай бұрын

well not everyone can inherit a more than a million, tell us about how hard that is.

@KNByam Ай бұрын

@@MusikCassettelol Millionaires complaining about taxes and poor people supporting them while they have to pay taxes. Lol

@seanvance1933 Ай бұрын

@@KNByam You don't

@antirus5481 Ай бұрын

@@MusikCassette as this lady says, ratio between farm worth and income is massive, they cannot fork out 20% to keep it in the family

@MusikCassette Ай бұрын

@@antirus5481 as long as the value of their assets is not overestimated they can. And yes you need save guards in place to prevent overestimation. The simplest one would be, that you are allowed to pay your tax in assets.

@SamAdams-cw7ew Ай бұрын

When a farmer is worth 3 million, its not that they've got 3 million stashed away in the Cayman Islands. Every pound in that 3 million is in the farmland, in the buildings, in the machinery, all of which is used to produce the food. Furthermore, it is the farmers themselves that do the manual labour, barely breaking even most often. This government is living in its own reality, farmers are not some kind of privileged bourgeoisie class. Unlike their donors.

@vancouver63-p5w Ай бұрын

I bet you London to a brick not all politicians are paying their share of taxes .

@anonitachi6966 Ай бұрын

Who told you to say that? Facebake? The telegraph? Do you actually believe it or are you just a mouth piece?

@desmondgrant2708 Ай бұрын

the people who own the farms employ farm hands, who they treat appallingly. I have personal experience of Shropshire farmers and they'er an insular and generally miserable lot.

@SamAdams-cw7ew Ай бұрын

@@desmondgrant2708 True, then again, they wouldn't be the only employers to treat their workers like that.

@alucardhellsing1037 Ай бұрын

Asset rich and cash poor. Selling their produce for peanuts and they expect farmers to make a profit.

@dannydarkense5500 Ай бұрын

Well done, Rebecca, you did a really good job despite that patronising man constantly interrupting you and acting as though you know nothing at all about your family business and your livelihood. The farmers have my full support, they are being treated terribly, and they deserve so much better.

@TheCWMHALL Ай бұрын

Farmers can't lie in bed on Sundays , like city slickers ; many farms were sold off after WW1 , as no one to work the land . My family estate with several farms was sold off to a man who made his money out of producing army uniforms .

@barados2006 Ай бұрын

There's not many poor farmers. It's all about keeping it in the family.

@MikeF93 Ай бұрын

@@barados2006 seems like you never actually watched Clarkson's farm.. he made a loss in most of his fields one of the years. the little they make they want to keep in the family yes..

@disk9925 Ай бұрын

Land grab.

@antispindr8613 Ай бұрын

Then again, where big business and the TV farmers are making undue profits, might not it be an idea to take their assets into public township?

@RobinRichardson-l3b Ай бұрын

Rebecca you came across really well. Clearly upset, frustrated and annoyed you put your point over brilliantly! Richard and Suzanna thank you for giving this time to be discussed properly. Stop the farm tax.

@EvanEvans9 Ай бұрын

Lovely young lady! Articulate, forthright, polite, well informed. 👌

@SBanderaB Ай бұрын

she made poor, illogical arguments and sounded like a parrot...... if you think that is okay, that's fine.

@6GSF Ай бұрын

very poorly informed in fact do the research. Shes got her information off tiktok

@pattysmyth3210 Ай бұрын

@@SBanderaByou cant think, maybe you should try it and you might make sense then

@pattysmyth3210 Ай бұрын

So labour giving over 500million to support foreign farms so get real and leave the British farmers alone

@eddradcliffe Ай бұрын

This guy has no clue.... and refuses to listen. That 'wealth' is never realised in cash terms. Its passed on so it can remain in service to country and its food production. If it gets sold, land values are so out of whack with how much the land can produce financially making it highly unlikely that a plot will be bought for food production again.

@mitchellscott4996 Ай бұрын

The term “wealth” in financial terms has nothing to do with hard cash. You’re a bit off on your point.

@Newman79-zg6yw Ай бұрын

So you do admit that if they sell, they stand to gain a lot due to the ‘out of whack’ land prices?

@54stevemac Ай бұрын

Farmers are reaping what they sow.

@william_marshal Ай бұрын

You haven't got a clue, the Farm is now worth £10 million, they probably acquired it 100 years ago for a couple of hundred thousand pounds. So they've created £9.8 million of wealth and haven't pay a h'penny tax on that wealth creation. The trouble with rich people is they always argue "We're cash poor" so we shouldn't be taxed. If Rebeeca is as she claims earning less than the minimum wage then she probably doesn't pay any tax at all ... but was schooled for free, uses roads, NHS, emergency services and so on. The trouble with the rich is they think they can get richer and pay nothing back into society ... IT'S CALLED GREED !!!

@boontjes5528 Ай бұрын

@@william_marshal Thats not wealth. Thats just inflation.

@susansnow9191 Ай бұрын

Shame on Bill typical Labour. Vote Reform

@TW-fl6xn Ай бұрын

That young farmer really did a good job on live tv and made the labour mp look bad. Well done 👏🏻

@william_marshal Ай бұрын

No she didn't. Like most rich people she tried to argue that she has a farm worth £10 million and didn't see why she should pay IHT on it. This is the greed of the rich in our society. They earn 90% of the income but pay less than 50% of the tax, so the poor man in the street has to pay ever more. The result 60% of the population of the UK has no savings. Constantly funnelling wealth to the top has to stop and be reversed !!!

@nf5416 Ай бұрын

54% of farm land bought last year was bought as an investment / tax dodge , not passed on to family members ,,, just saying

@seanvance1933 Ай бұрын

@@william_marshal why are you entitled to someone else's property, business or money? The top 10% of income taxpayers with the largest incomes contribute over 60% of income tax receipts, the lower paid do not pay more

@ewanmcgregor5942 Ай бұрын

@@seanvance1933 We pay for their products. Their business would not function without us. The relationship is symbiotic and wealth of a nation must be shared, within reason. Are you implying nobody should pay any tax?

@seanvance1933 Ай бұрын

@@ewanmcgregor5942 You have a choice as to whether or not to buy their products. Farms are unique in that they are asset rich but income poor, but vital to the nations food security. Why are you entitled to a share of something you have made no contribution to? Buying a pint of milk is not a contribution. I am totally against inheritance tax of any kind

@YaIngaYaYa Ай бұрын

Inheritance shouldnt be taxed at all. The government has far too sticky hands

@andyb4864 Ай бұрын

Buy more land and avoid paying tax.

@peterkelly6232 Ай бұрын

Yes as shown by the recent action by the Minister for the DWP that has used Government credit cards for personal shopping to the tune of thousands of pounds

@jujutrini8412 Ай бұрын

Yes it should.

@DCSquirrel Ай бұрын

One million pounds seems like such a low number for a family farm. This is a ridiculous law and should be repealed as soon as possible or altered so the minimum amount is much much higher than one million pounds.

@ColliWobblers-d1b Ай бұрын

@@jujutrini8412 All taxation is theft.

@chigeryelam4061 Ай бұрын

100% support our farmers. Time to stand up to the thieves of westminster and the grifters in the state sector.

@zigzoog5 Ай бұрын

your government is the real thief 😂😂

@zigzoog5 Ай бұрын

your government is the real thief 😂😂

@leonardeast4971 Ай бұрын

@chigeryelam4061 You're so ill-informed.

@KopperNeoman Ай бұрын

@VincentVance-j4w Yes. The only reason I need to support farmers is that socialists hate them. Whinge all you want about all that supposed wealth you want to steal, I won't let you.

@IainGraham-k7v Ай бұрын

I support the farmers and not communist Starmer.

@antispindr8613 Ай бұрын

So when is Starmer planning to take farms into public ownership?

@davepike7546 Ай бұрын

@@antispindr8613 I'm for that, but I don't think Iain understands what he's typing.

@54stevemac Ай бұрын

Starmer is not a communist.

@IainGraham-k7v Ай бұрын

@@54stevemac In what way is he not a communist.He is just doing what Stalin did to the farmers in Russia.

@Shaunyy Ай бұрын

@@54stevemache is

@lizzm Ай бұрын

Rebecca you’ve conducted yourself beautifully against this silly politician who deems to know more about farming than actual farmers 😅 I’m pretty sure this inheritance tax was the ‘straw that broke the camels back’ for our farmers and I’m behind you all 100%💜

@phillipearmstrong5510 Ай бұрын

@@lizzm but when Boris an Nigel say something it's the truth?. An being a farmer duns not mean U no how taxes work!

@paulroughly8650 Ай бұрын

As she's sat there with 3 grands worth of clothes on her back.

@lizzm Ай бұрын

@@phillipearmstrong5510 I’m saying that it’s a circus 🤡 the gov pit us against each other so we don’t pay attention to the politicians getting away with thousands…

@lizzm Ай бұрын

@@paulroughly8650 we’ve got to fight the politicians NOT each other…

@killerkally7080 Ай бұрын

I am pretty sure it was Brexit that broke the camels back .... But of course a lot of farmers voted for Brexit...

@rbagot Ай бұрын

Rebecca is a star, what an impressive interview.

@chrisbaguley8737 Ай бұрын

Fully support our brilliant farmers.

@Papito_gman5.0 Ай бұрын

Millionaire farmers

@DrStrangelove-w9w Ай бұрын

@@Papito_gman5.0 Tax dodging farmers.

@mrnobody1067 Ай бұрын

WHERE'S ALL THOSE PALASTINE FLAGS NOW ! TELL THESE THE LANDS NOT THEIRS ! Well done farmers RIGHT BEHIND YOU 🇬🇧🇬🇧🇬🇧🇬🇧🇬🇧🇬🇧

@HowToSpec Ай бұрын

@@Papito_gman5.0farmers are asset rich not cash rich. They rarely make any money and even if they do it’s spent right back into the farm. This is a policy of envy

@AndrewBush-d2j Ай бұрын

If they can't afford it get out of farming

@fodsaks Ай бұрын

Useless bloated MP trying to tell a farmer her own business.

@davidaustin4232 Ай бұрын

Yes, this ex-Labour minister is a bloviating bloated MP! Who is BS arrogant merchant who labels the struggling farmers with the patronizing hysterical! He is spewing typical Labour talking point tropes! Basically, he talks absolute CANT! (note the different spelling on that word! It doesn't have a "U" in it!) LOL

@HuibandBeverly Ай бұрын

And millions of people agreeing with him on farmers having to pay their fair share of inheritance tax

@fodsaks Ай бұрын

@@HuibandBeverly What exactly is the fair share of completely locked non-liquid assets like land, buildings and equipment?

@HuibandBeverly Ай бұрын

@@fodsaks20% and a whole load of exemptions which is exactkt half of what I paid the tax man for inheriting businesses...

@KNByam Ай бұрын

You fail to understand what's actually going on. Rich people are buying land and pretending to own farms to avoid the inheritance tax. Most of the farmers don't actually own the land, rather they're leasing it and thus the real owners get to avoid the tax.

@Treess14 Ай бұрын

The people of the UK must stand behind their farmers. Get out there. Back them up.

@phillipearmstrong5510 Ай бұрын

@@Treess14 an did U say this about NHS workers??

@rambler123 Ай бұрын

Naaa. We all pay IHT. They are not special..

@matthewmolina2706 Ай бұрын

Do you think they support you lol

@joey10-49 Ай бұрын

And when do they support us? We already have to pay extra tax to provide them with subsidies and grants!

@trapsman6496 Ай бұрын

Why should farmers not pay inheritance tax?

@Bodgemiester Ай бұрын

A farmer just owned a politician. That's all you need to know about the government

@blzebub2 Ай бұрын

No she didn't. She's a multimillionaire complaining about paying inheritance tax.

@ke9459 Ай бұрын

No she’s not. Champagne socialists like you are too narrow minded to even try to understand where the farmers are coming from

@Brickwell99 Ай бұрын

they voted for this when the majority of farmers voted for brexit

@ke9459 Ай бұрын

@@Brickwell99 Brexit has nothing to do with this nor did anyone vote for this because Labour said they wouldn't increase taxes in their manifesto. There is no incentive for anyone to do well in this country - its full of champagne socialists like yourself @brickwell99

@trevaudio Ай бұрын

She got very tetchy when the figures were presented to her !

@Paul_Davies Ай бұрын

I side with the farmers and think they should just go on strike, after all it worked for train drivers and junior doctors and they were already on a proper decent wage

@blzebub2 Ай бұрын

Haven't the rich farmers suffered enough?

@hayleypbop6997 Ай бұрын

Clarkson bought his farm to avoid tax, no wonder he’s fuming 😂

@Papito_gman5.0 Ай бұрын

Millionaire farmers

@citizen741x Ай бұрын

perhaps if the nfu dropped a nice donation for labour they may have been more favourable to farmers , it worked for the train drivers

@barbarabell8066 Ай бұрын

@@blzebub2Ate you talking about the assets that are needed in order for the farmers to work?

@kathryngagne5813 Ай бұрын

How about you cut all the wasteful spending! This man is completely out of touch.

@edyjohnson559 Ай бұрын

waste spending on illegal immigration, diversification officers in the NHS on bloated salaries,loads of waste in NHS i know as friends work in it,13.8 billion in foreign aid !! Mis managed projects like HS2.. and covid track & trace complete bozo mps wasting tax payers money to the tune of billions i could go on!!

@kathryngagne5813 Ай бұрын

@Jeevessss I'm not from Britain. Just a small homestead farmer near Amqui Quebec. I'd give a long list of examples from Canada that you probably have in common over there cousin, but I want to visit my family roots someday and don't want to get arrested for hate speech 😉 We have a group called the Canadian Taxpayers Federation. They just put up a yt video listing some of the crazy examples on the books. If it's happening here, I'm sure you have it too. I'm just praying I won't have to register my chickens any time soon 🙏

@johndonaldson2467 Ай бұрын

Wish peole understood basic economics before posting. Assets are not equivalent to liquid cash. Having a £3 million farm does not mean your income is £3 million.

@blzebub2 Ай бұрын

I'd love to inherit a £3million farm. Where can I sign up?

@jujutrini8412 Ай бұрын

People understand that it is assets and not cash! People know very well that IHT is based on property.

@ronnieg6358 Ай бұрын

@@blzebub2 You wouldn't get £3m to spend. According to the Farmer's Guardian income from livestoch farms dropped to £17,300 in the last year. That's less than the minimum wage and you'd have to work your nuts off to get it.

@richardcahill1234 Ай бұрын

@@blzebub2Would you also love to work that farm 60 hours a week?

@blzebub2 Ай бұрын

@@richardcahill1234 No, I'd sell it and get a real job.

@ianbird7444 Ай бұрын

He has forgotten about the fact that most farmers have a tractor a combined harvester, a trailer etc...... i support the farmers 100% and this country needs to stand behind them inheritance tax should be abolished it is a tax on death when people have followed the rules and already paid there taxes ......Labour Shame on you we will never forget this

@jujutrini8412 Ай бұрын

They own those farm equipment in a co-operative ie not as individuals so it does not class as a taxable part of their estate!

@Newman79-zg6yw Ай бұрын

So are you willing to pay higher income, council, value added tax to make up for abolishing inheritance tax? Or do you have a money tree that will.

@sookibeulah9331 Ай бұрын

@@jujutrini8412really? Where do you farm? Where does you expertise in what equipment farmers own vs share in a cooperative come from?

@sookibeulah9331 Ай бұрын

@@Newman79-zg6yware you willing to have food shortages as family farms go out of business and the intergenerational knowledge of food production is lost? Are you willing to have your food prices go up?

@unsrewedjam7155 Ай бұрын

@sookibeulah9331 Look up the government website titled 'Agricultural Relief for Inheritance Tax' created by HM Revenue & Customs in 2013 (I.e. the old rules.) This says 'Some agricultural property does not qualify for Agricultural Relief, including: farm equipment and machinery.' So no you don't need to be an expert, all you need to do is just some basic research on the subject.

@alisonmorris3385 Ай бұрын

Well done for backing us farmers in a calm manner 👍👍👍

@herbertmorley3142 Ай бұрын

I would rather believe Rebecca than a politician any day!

@william_marshal Ай бұрын

Rebecca has a farm worth £10 million, wealth built up over 100 years and has never paid a penny tax on that increase in wealth. Everybody is liable to pay IHT so why not farmers?

@matthewwigham5962 Ай бұрын

Well done Rebecca

@ggnat Ай бұрын

Well said young lady ,the public are behind and totally support you with this shameful decision that should be reversed immediately along with the winter fuel allowance.

@william_marshal Ай бұрын

I'm not behind her. She has a Farm worth £10 million and hasn't paid a penny tax on it and doesn't want to either. We've had enough of the greedy rich !!!

@puma160cvx8 Ай бұрын

@@william_marshal why do you support farmers every day? And that’s not a trick question. 😊

@KopperNeoman Ай бұрын

@@william_marshal I say we deport all the greedy rich. The ones that pray five times a day facing Mecca, not the ones who earn less than minimum wage and aren't rich at all!

@notquiteoverthehill9576 Ай бұрын

Politicians are so out of touch that one looks like he would benefit from a days work on a farm

@MusikCassette Ай бұрын

we are talking about tax exemptions for people who inherit more than a million. I wonder who is out of touch here.

@Justin-yt8zv Ай бұрын

@@MusikCassetteASSETS and CASH can you tell the difference and do you like eating food?

@inso80 Ай бұрын

To me it seems that the brittish public is pretty out of touch of reality too.

@MusikCassette Ай бұрын

@@Justin-yt8zv and you need some systems in place to deal with that. but that is not what we talk about here.

@logical582 Ай бұрын

And I doubt the politicians would like to be taxed on their inheritance as well. Hopefully the protest works 🤞

@scottyp2781 Ай бұрын

Try cutting waste at the heart of Government. In fact most of government is a waste. The arrogance of that politician so sure that the public will turn against the farmers. We'll see.....remember most of us already take a dim view of this government. This is not Labour in 2001.

@BeyonceF. Ай бұрын

Then king Charles should pay inheritance tax also

@Lagerfanny-g7e Ай бұрын

He’s already the country’s highest tax payer.

@sookibeulah9331 Ай бұрын

He will pay IHT on anything he owns personally.

@silverfox2358 Ай бұрын

@@sookibeulah9331 No he doesnt, hes never worked a day in his life. He's paid for by the poorest tax payer.

@seankelly3774 Ай бұрын

@@silverfox2358and the land he has was stolen. He should pay tax as you said

@Talk4UK Ай бұрын

@@silverfox2358 He works very hard. Now your brain can't be in working condition if you don't know how much our King has done and worked for the people of this country. Sheer ignorance!

@mattyhartley9079 Ай бұрын

The lack of respect for farmers in the comment section is unbelievable. Farming is a tough life, it’s constant work, it’s not something many would leave city urban cozy living for, not for long. We need food security and to not overly be at the mercy of other nations for our food. A tiny percentage of our population but they produce a majority of our food we would otherwise have to farm for ourselves…respect them and protect them.

@54stevemac Ай бұрын

the lack of respect Farmers have had on scewing the profit out of their land is indefensible.Also they voted for Brexit.

@matthewmolina2706 Ай бұрын

Do they get loads of government subsidies? Basically socialism for farmers

@mattyhartley9079 Ай бұрын

@@matthewmolina2706 my original comment was regarding the comment section of this video, not if our government does anything for farmers. Not aware of your view on it but they get subsidies, it helps protect farming, it’s fundamental to a nation to be able to have a level of food security

@simonpeyton-n3h Ай бұрын

no different to the building trade we work all hours in all weathers to build the houses you all live in,if a builder works all his life and builds a home and leaves it to a child of theirs then they have to pay the full IT on it so why shouldnt farmers

@KopperNeoman Ай бұрын

Socialists are so obsessed with starving the great unwashed they don''t care if they also starve.

@ConsumerWatchdogUK Ай бұрын

“The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command.” - Orwell, 1984

@philipbutler6608 Ай бұрын

They ignore the fact that those Children have worked those farms for their entire lives. It’s not inheritance at all.

@MusikCassette Ай бұрын

how is it not inheritance??

@philipbutler6608 Ай бұрын

@ it’s the fruit of her own labor the children literally start working when they are 5 years old doing chores. It’s a life long commitment. 24/7 365. It’s not taxing profits it taxing blood sweat and tears. It’s like saying your mom is dead give me 20% of everything you own.

@philipbutler6608 Ай бұрын

@ I am opposed to inheritance tax in general. Everything has already been taxed once so why is it taxable again? It’s the only way poor people can escape poverty in many cases.

@magoop17 Ай бұрын

How's it different from shops passing on to their kids

@jamesbaker429 Ай бұрын

@@magoop17few shops at 1M ,can be used for other trades ,land stop on production and use change ,solar farm or development not farming even if they could rent it again .

@SP-lw3bq Ай бұрын

Will " Country Estates " owned by the Lords, be paying this tax when they hand their " Land " over to their sons ????

@jujutrini8412 Ай бұрын

They’re the main complainers and they have persuaded the poorer ones, who won’t be paying, to make a big fuss!

@akayjay697 Ай бұрын

Spot on

@terrytees Ай бұрын

You tube bot talking total nonsense again

@6GSF Ай бұрын

yes thats what the tax is ultimately aimed at

@KopperNeoman Ай бұрын

For sure they will. The House of Lords is our Constitutional backstop against what socialist Labour want to do! They're the primary targets!

@Carwyn.Morris Ай бұрын

If the inheritance tax on farms is so insignificant as the government claims then why bother doing it.

@MusikCassette Ай бұрын

because it is a tax hole. And rich people using it as such is actually bad for farming as a hole.

@Carwyn.Morris Ай бұрын

@@MusikCassette Inheritance tax shouldn't be a thing for anyone. Once you've paid your tax that should be it.

@trapsman6496 Ай бұрын

Because it is a tax loop hole.

@leonardhpls6 Ай бұрын

But it is a thing so why should these rich farmers kids be any different than anybody else@@Carwyn.Morris

@Carwyn.Morris Ай бұрын

@@leonardhpls6 Fine then only tax it to land owners not working farms.

@roscowoodward6037 Ай бұрын

Support every farmer 🌾🥓🍗🥩🦞🙏🚜🙏🚜🙏

@antispindr8613 Ай бұрын

Real farmers, not TV stars playing farmer?

@nf5416 Ай бұрын

54% of farm land bought last year was bought as an investment / tax dodge , not passed on to family members ,,, just saying

@judgemayhem3087 Ай бұрын

Properties worth 1 million pounds 😂oh I feel so sorry for them. So self entitled, what about the homeless? Absolute joke. Cough up

@blunderingfool Ай бұрын

Let's bump up the "value" of your worked land to get you above that inheritance threshold. Hey great plan, now every 2up-2down is worth a million quid! The money will just roll in!... what do you mean everyone is homeless?!

@Alex-xk7my Ай бұрын

Rebecca held herself very well in that discussion and completely exposed the sheer ignorance of the Labour MP. Clearly the clowns in Westminster don't care about our farmers, shame on them.

@simongreen2510 Ай бұрын

Starmer is a complete disgrace!!!!!

@leonardeast4971 Ай бұрын

@@simongreen2510 Why?

@Westerhousen Ай бұрын

@@leonardeast4971because he’s literally biting the hand that feeds the nation. Champagne socialists don’t under stand why farming and land owning go hand in hand. Livestock needs a vast amount of land for quality of product. Unless you want battery farms for cows and sheep, which to be fair if you’re a communist it’ll be a bit like the gulag for animals. The money the farmers make goes straight back into running the farm. Vet bills, fuel, seed, fertiliser, vehicles, staff wages and so on. Yes assets are worth a lot, but the farmer takes minimum wage to live. Taxing the landowner/farmer will close a lot of farms. That means we’ll be relying on substandard imports from other countries. I mean you might like chlorine based chicken and horse meat, but I’m sure the majority don’t. The agricultural budget is 2.4 billion, foreign aid is 13 billion. If the government were serious about pumping money into the public sector, then I’m sure they could have done it without even looking at farmers. This isn’t about fairness, it’s about control and if you’re middle or upper class Labour will stick their hands in your pocket without thinking about the consequences.

@ryanreed8740 Ай бұрын

Clarkson literally said he was buying farmland to avoid Inheritance Tax. This Labour scheme is to cover people like him, not most regular farmers. That's why he is most vocal about this 'issue'.

@philipbryan4598 Ай бұрын

Get your facts right you pay back over 10 years Interest Free...

@Utoko Ай бұрын

It applies for value over £2.65m. That seems perfectly reasonable to me. Other businesses are also not free from that. I looked up the estimates and it would only be 20% above £2.65 million, and the tax only starts above £2.65 million. So it only affects you really at 4 million+. I am also a fan of making the tax code as simple as possible. It should just be for all above £2.65 million. I would err on the higher side because small and medium farms do struggle the real big ones far less.

@imonlyhereforthecomments4267 Ай бұрын

Clarkson has damaged farming more than BSE. Farmland prices will fall as land prices will fall as it won't be used as a tax dodge.

@stevengray6813 Ай бұрын

Farmers need to go away and work out inheritance tax for themselves land prices will drop now its tax and stop listening to rich people trying to avoid paying tax and are not genuine farmers

@hanvyj2 Ай бұрын

A 1 million pound tax bill - that means this family is sitting on a farm worth 8 million quid. That's a pretty big farm. If I work my whole life and save a million quid over the threshold into my pension and died, I can home my child would inherit only 31%. Sorry but moaning about only getting 80% of a massive amount of wealth seems so mad given how much tax everyone else in the country has to pay.

@pkl8811 Ай бұрын

Increase inheritance tax for the wealthy.

@missjules009 Ай бұрын

Save money by not putting up illegal immigrants in hotels ! You'd save far more than you say you'll gain from farmers inheritance tax. You say they're passing on great wealth..No They Are Not !! The farm is only worth that if it is sold to energy companies or house builders. Its purely a work tool for farmers to produce our Food. Cant believe the lack of understanding from MPs

@54stevemac Ай бұрын

14 years of Tory mismanagement of the immigration situation is no fault of this government.And those tories have agreed trade deals that are killing the industry and making exports to the EU too expensive.

@thewelshdoctor Ай бұрын

The politicians do understand, they're Communists and think all property is theft. Except their own of course. Give Animal Farm a read. Politics of envy.

@lmaway8545 Ай бұрын

Wow, Rebecca. What an AMAZING woman. Jesus, she absolutely destroyed this career politician!

@thewelshdoctor Ай бұрын

@VincentVance-j4wbuy a farm then and avoid tax yourself if it's that easy.

@MBReader410 Ай бұрын

The intention is to push farmers off the land

@philipnapier3585 Ай бұрын

Exactly. So the Labour party then own the land and do what they want with it (ie Raynor's dream of building migrant towns)

@davidjohndrumm Ай бұрын

@@philipnapier3585. And importing from distant countries

@user-ge3jk6fg1l Ай бұрын

People will not put up with higher and higher tax for poorer and poorer public services. Labour haven’t a clue

@spacetime3 Ай бұрын

Here are the facts. 1) No IHT on land value under 1m and 3 mil if a couple. at 20% not 40% like everyone else 1/2 of everyone else. 2) Land prices have increased because rich people faking farming to enjoy the tax loop hole. Land prices will drop as they sell and farmers can buy at better uninflated rates and do what they enjoy. 3) Payed over time 10 years interest free time to pay it... INTEREST FREE !!! 4) On the Subject of Agri Equipment nearly all of the assets used in a working farm will attract either agricultural property relief (“APR”) or business property relief (“BPR”) at 100 per cent. This means that no IHT is payable at all on the transfer of these assets. 5) According to current tax information about 500 estates are actually affect a year out of 209,000 farm holdings as of 2023. 6) Affected only when the IHT is applied.. This not something that's constantly happening to any 1 individual all the time and can already be planned for and avoided... 6) 7 years time to gift it and even then its Tapered (3 to 4 years - 16%; 4 to 5 years - 12%; 5 to 6 years - 8%; 6 to 7 years - 4%)

@sookibeulah9331 Ай бұрын

1) what about farmers that aren’t married or are widowed ? Given 40% of marriages fail in the UK are farmers somehow exempt from marital difficulties, despite being an occupation with very high rates of depression and suicide? 2) if this tax will decrease the value of land why are so many farmers so opposed to this? Do you think farmers don’t understand how land values work, or aren’t keen to see a drop in prices so they can buy more land at “uninflated rates and do what they enjoy”? High land values causes significant issues with succession when one adult child wants to continue farming and others don’t. Lower land prices will make succession planning easier, but farmers know this isn’t the way to lower land prices. 3) how is someone going to pay even £100,000 of IHT over 10 years if their profit and salary are under £20k. Are you suggesting that people who work without holiday pay, without sick pay, and without pension contributions should live off less than £10K a year so they can pay IHT over those 10 years? What happens if there’s bad weather that wipes out all their profit so they can’t make their £10K payment to IHT, are they given an extra year to pay it all off? 4) According to the government agri-equipment will attract IHT “From 2026, the first £1m of combined business and agricultural assets will continue to attract no inheritance tax at all…. but for [combined] assets over £1m, inheritance tax will apply with 50% relief, at an effective rate of 20%” So how do you think BPR and APR will be 100% exempt? 5) the 500 or so wealthy estates will already have tax advisors working on how to not pay IHT on their land through trusts etc. The average family farm can’t afford those advisors nor can they afford to jump through the hoops to make the advice work. So this won’t hit the wealthiest. It will hit the working family farms. 6) the average age of UK farmers is 59. 38% of farmers are over 65, and still needing to work into their late 60s and 70s. Those farmers don’t have “time to plan” especially as succession is always complicated. Wouldn’t those farmers already have retired if it was so easy for them to do so? 7) 7 years to gift the land. Where is the farmer supposed to live once they’ve gifted their only asset? If they live in any property that’s part of the farm (an annex or granny flat) then it’s not counted as gifted. Very few family farms have planned pensions for the farmers. It’s why so many farmers work way past retirement age. How are farmers supposed to pay rent on an off-farm home if they only the basic state pension? (as low income earners they’ll have paid minimum NI so will only get the very basic) Should councils and housing association provide low cost homes for farmers that have gifted their land to the next generation? If not where do they live for 7 + years before their deaths?

@spacetime3 Ай бұрын

So much noncence its hilarious... Its the equivalent of if I have a Directors job I can pass then pass that job on to my kids...

@dboynette Ай бұрын

Why should a going concern be it a farm or any other business be subject to inheritance tax? All it does is stymie investment in the business and therefore stop the very thing that self proclaimed economist Ms Reeves says is her main aim.

@sookibeulah9331 Ай бұрын

@@spacetime3 I’ve countered every one of your “facts” and the best you can come up with is comparing farming and the production of food to directors passing on their jobs 🙄 Directors generally make a good income, farmers generally don’t. It wouldn’t matter if most directors give up and close their companies. If farmers give up and stop farming we starve and essential intergenerational knowledge on how to produce food is lost.

@ChangesOneTim Ай бұрын

@@sookibeulah9331 Well said

@Farmersboy72 Ай бұрын

That advisor is so misinformed, they are smashing the countryside and will just feather the nest of big corporate business who will buy the land and they’ll never pay inheritance tax on that land again.. If you want to stop the loop hole then make the relief based on it being a working farm…. Surely that’s the goal not to discourage people investing in working the land.

@RobertEFuller Ай бұрын

Bill has no idea Government has no clue especially about farming

@johnnorman7044 Ай бұрын

did you see the farmers kick off about the pensioners loseing there heating allowance NO do most pensioners have millions of pounds to tax NO are they kincking off over pensioners having to pay tax on the pitance they get as a state penstion NO

@stevec6427 Ай бұрын

I like Clarkson as an entertainer and as a car journalist but he's the wrong person to front this campaign since he admitted in the Sunday Times that he only bought a farm to avoid taxes. It's people like him who are the reason for this tax.

@jeanrees1502 Ай бұрын

God bless the farmer

@dave9547 Ай бұрын

@VincentVance-j4wwhat's that supposed to mean.

@6GSF Ай бұрын

So Rebeccas farm is worth 10M£. And by the time her accountant has worked out all the wriggle room and got her liability down to 1M and 20% of that wont it be a simple loan paid back over 10 years like the mortgage the rest of us have albeit on a much smaller sum. All farmers need to do is go to their accountants and collect together the facts. I am rather surprised Rebecca has obviously not. Clarkson is wrong

@treborkeeper5052 Ай бұрын

Maybe this is Clarkson's fault.If he said,"I want to shoot and get no inheritence tax".😮back in 2022.....

@claudeyaz Ай бұрын

That was the opinion everybody had back then, if it wasn't for the show He put on Amazon..., the average public people may not be supporting the farmers as much as they are

@Murphycats Ай бұрын

Farmers have enough trouble without this tax. When a farm has been in the family for generations, they should be able to pass it on to their children without causing them to sell off.

@lliambunter Ай бұрын

Does that apply to council houses ? no of course not , just the rich , the ones at the top are the only ones who will be affected, they are using the plebs to support them as the idiots supported Farage with his brexit along with the farmers . who would want Clarkson speaking on their behalf . calling the BBC, who he has paid millions over the years for talking nonsense

@nothingtoseehere3493 Ай бұрын

Totally agree, the biggest land owners / farmers are all dukes whos ancestors fairly stole all of their land 100's of years ago. So they deserve all of that land that their ancestors fairly stole we should not be taxing these most wealthy members of society, tax the poor, tax the poor.

@lliambunter Ай бұрын

No they shouldn't , the trouble they find themselves in was self imposed with their voting for Brexit ,why people on minimum wage would b esiding with the likes of Clarkson is beyond belief an out and out thatcherite

@robinwalton-gm5ms Ай бұрын

This excuse for a politician is a bully

@ColliWobblers-d1b Ай бұрын

And a few other words spring to mind...

@jrh86 Ай бұрын

The rationale behind the changes is clear: for decades, farmland has served as a tax shelter for the wealthy. Introduced in 1992, the inheritance tax exemption for farmland allowed multi-millionaires, and in some cases billionaires, to avoid significant tax liabilities. Economist Tim Leunig pointed out that farmland became "the best way to leave £100 million to your kids," exacerbating wealth inequality and inflating land prices in the process. These inflated prices have made it difficult for new farmers to enter the industry, for tenant farmers to purchase the land they work, and for communities to buy land when it comes up for sale. In this sense, the uncapped relief has been detrimental to farming. Labour’s introduction of a cap aims to close this loophole and prevent land from being a convenient tax dodge for the ultra-rich.

@derekwhyle1884 Ай бұрын

Clarkson said himself he invested in farming to avoid inheritance tax. The guys a W⚓️

@leonardhpls6 Ай бұрын

Why should this rich kids inheriting millions be any different to anybody else. Tax them simple as,

@neilmiller1654 Ай бұрын

Labour all about big business and WEF, They hate the working class.

@claudeyaz Ай бұрын

They also said that the elderly wouldn't be affected by the Heating stuff

@PaulDenison-r7r Ай бұрын

Hmm 2001 Labour got rid of the coronary care unit at Llandudno General hospital then spent £60M on the London dome. This Labour MP really is full of it

@workmax6526 Ай бұрын

100% behind the farmers on this one. If government put as much focus on farming as they do on people that aren’t meant to be here we’d be ok. Their focus is all wrong!

@mahuanhit Ай бұрын

Starmer down, support our farmers!

@Papito_gman5.0 Ай бұрын

Millionaire farmers

@chelseamalarkey116 Ай бұрын

Don’t let clarkson suffer! Won’t someone please think of the millionaires

@antispindr8613 Ай бұрын

...while leaving the elderly in the cold!

@54stevemac Ай бұрын

Farmers voted for Brexit,now they are stuffed because the trade deals done by their mates the tories are killing the industry.

@bigCyril Ай бұрын

@@Papito_gman5.0😂😂😂

@pigswhist Ай бұрын

Jeremy Clarkson said when he bought his farm, "I am buying this farm to avoid tax".Maybe he should not have been so candid !!!

@whosthisguythinkheis Ай бұрын

in 1980 we had Inheritance tax of farms. We had more family owned farms then than we do now. By making farms inheritance tax exempt, we have got a situation where wealthy individuals are using farms to hoard their wealth and rent the land to farmers.

@traceyrhoden9808 Ай бұрын

Labour have no idea

@54stevemac Ай бұрын

and the tories for the last 14 years have?

@BoyceeBoycee Ай бұрын

Don't think the Tories were mentions😮

@dave9547 Ай бұрын

@@54stevemacuniparty

@roberthindle3175 Ай бұрын

Clarkson is the most spoiled, self centred, selfish brat of a man on TV, there is no way he is bothered about real farmers, all he is concerned about is one of the tax loopholes he has been using is being closed.

@davidbrown1369 Ай бұрын

This government needs removing

@sgibson5797 Ай бұрын

Trouble is the others are no better.

@solarenergy5157 Ай бұрын

how cheeky, so train drivers, nurses, doctors, teachers can go on strike but farmers will not public support?

@michaelcoward1902 Ай бұрын

Clarkson is more than happy to claim subsidies for his farm hand over fist. And I'd argue the brexit these farmers all voted for did more damage than inheritance tax ever could...but I'm guessing personal responsibility is a thing of the past?

@rosarose3443 Ай бұрын

EU farmers?

@marinusvos Ай бұрын

@@rosarose3443Mind you own business! Your out!

@DonCMars Ай бұрын

All those poor farmers riding around London in their fancy 100 grand tractors using tax avoiding red diesel and no road tax. The irony. Nigel Farrage and Brexit did more to harm farmer’s than anyone.

@paulmonkcom Ай бұрын

It is not inheritance tax that is reducing farmers profits, manufactures and traders in food for supermarkets, who due to price competition want to sell as low as possible will force prices down for farmers. Farmers should be angry that the government have not protected them against monopsonist power of either the food manufacturers or supermarkets. Farmers make little or no return on their land which is crazy if you consider what it’s worth. Farmland has gone up recently due to some people buying a great deal of farmland to make use of the inheritance tax loophole that guaranteed that an estate could be passed on free of tax. Farmland has been used as a financial instrument and has not been used as an input into the farm production process. This makes it now, not an input into the liberal capital system but an input into the financial capital system, we don’t really have a liberal capital system anymore, the City of London has turned capitalism into a financial product system, farmland is just a product we use for financial engineering. So the farmers should want an inheritance tax charge on this land because if there was an inheritance tax charge on this land it would no longer have value or financial purposes, it would only have a value for farming purposes and for faming purposes it has no value at all, which means that they can pass on their estates to their children however they like with no tax charge arising, it solves their problem to have an inheritance tax charge. Farmers are protesting about the wrong thing, when saying inheritance tax is penalising them, it is not, it is actually helping them. Also if we have serious inheritance tax charges, the price of farmland will fall so much that new people will be able to enter into farming, because farmland will be affordable for people who want to become farmers. There is nothing that says farming is a purely inherited business, why should it be, like any other business people can acquire the skills to farm and not just through their genes. So it would be possible that if farmland fell in price because it wasn’t used as a financial product, new farmers would come into the business and that would be good for farming, good for our society and good for sustainability. Farmers should think this over, objecting this inheritance tax increase is therefore making life for farmers harder. Farmers need to change their economic arguments. They want the value of land to fall if they are going to able to pass on their farm to the next generation without inheritance tax charge, which you can always do if something has no worth and they want the value of farms to fall to encourage new entrants into the market, which the industry desperately needs, because the age of farmers is growing steadily. Farmers should demand action against the rigged market that prevents them from getting a proper price for their product, which is critical, a government that does not want to do that, is a government that is going to fail the people of this country, because we do need farmers for food security.

@richardcahill1234 Ай бұрын

Everyone should be protesting inheritance tax, it's grave-robbing.

@paulmonkcom Ай бұрын

@@richardcahill1234 scrapping inheritance tax would only benefit the richest 1% of the UK and those in London and the South East there would be no direct effect on the more than 90% of people who do not pay any inheritance tax.

@richardcahill1234 Ай бұрын

@paulmonkcom So an immoral act is allowed as long as it only affects 1% of people? What percentage does it have to affect before it is not allowed?

@thewelshdoctor Ай бұрын

Whilst I agree with much of what you say, the land wouldn't be bought up by new small farmers, it would be bought up by businesses and used for solar and wind farms. It's all the Labour government is interested in and it's madness.

@Jack908r Ай бұрын

Clarkson? A farmer? Don't make me laugh. Clarkson's a rich dude who bought a farm as a tax dodge. Rich people buying farmland to avoid taxes is your problem. And whoa, now you have to pay like everyone else? Shocking.

@NeilBrown-rz5ll Ай бұрын

Jeremy Clarkson invested £4.5 million on the farm he bought to avoid paying tax on it…..everyone should pay inheritance tax..even the Duke of Westminster who never paid a penny on inheritance tax when he inherited all those properties in London….definitely one law for them another for everyone else!!..

@grateberk6435 Ай бұрын

People should read the facts. Clarkson is not a farmer hes a tax dodger.

@martinjohncassidyCASSIDY Ай бұрын

Politicians are a curse on us all.

@bortstanson2034 Ай бұрын

Will someone think of this daughter about to inherit £10 million. Millionaire need help to survive these days.

@vijayanpisharody4038 Ай бұрын

Politicians are overpaid so there should not only be a reduction in their salaries but they should pay extra tax - lead by example

@dollyjeanstevens Ай бұрын

Support our farmers!

@davidmoxen4178 Ай бұрын

What a great spokesperson for British farming. Well done Rebecca. ❤

@philipbryan4598 Ай бұрын

Stop scaremongering Clarkson, I have to pay 40% tax on £325,0000

@thewelshdoctor Ай бұрын

Why should anyone pay any inheritance tax at all? Very likely that anything anyone owns will have been bought with money that has already been taxed, probably more than once. 'Sorry for your loss. It's a tragic time for you. Now give us a load of money, we got ILLEGAL immigrant hotels and spending money to pay for'.

@DrStrangelove-w9w Ай бұрын

Clarkson and Dyson's years of tax dodging are coming to an end and they don't like it. Tough.

@Shaunyy Ай бұрын

Tell us you've got no clue without telling us 🤦‍♂️🤣

@DrStrangelove-w9w Ай бұрын

@@Shaunyy Numbskull. Tell me before I tell you after them tomorrow, Two of us can talk gibberish if you want.

@revanchist88 Ай бұрын

I’m pretty sure old man Dyson owns a touch more than £3m. Dude about owns all farm land in Lincolnshire it feels like.

@jmw-qt2ih Ай бұрын

One thing I do know is all these Labour supporters criticising the farmers and saying that they should pay the inheritance tax would be lambasting the Tory party if they had done the very same thing

@jmw-qt2ih Ай бұрын

@VincentVance-j4w Thats fair enough because its your opinion although it is not mine. I think they would oppose it purely because it was by the Tories in the same manner they criticise everything else they have done. BTW It isnt any different the other way round

@Jl200 Ай бұрын

Why not add on a sales tax if the farm is sold instead of destroying those who just want to keep farming?

@kennethpope4311 Ай бұрын

If the vast majority of farmers will be "unaffected", then what is the point of the tax if it is only going to raise a small amount of money? It certainly will not fill the 22 billion hole Starmer is talking about. Which indicates someone is lying.

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@mobbarley7517 Ай бұрын

Ең жақсы KZbin

Thousands of Farmers Rally in London to Protest New Inheritance Tax Plan

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