@c5news: A North Yorkshire farmer says the government’s new inheritance tax rules will mean a bill of almost £300,000 - which could force him to close the family business. #farm #farming #government

Channel 5 News
Channel 5 News
Open In TikTok:
Region: GB
Thursday 21 November 2024 14:25:46 GMT
167020
7392
659
145

Music

Download

Comments

jb197249
jb197249 :
So many Labour supporters in the comments that really have no idea what they are talking about.
2024-11-21 18:21:58
344
peterm0201
PeterM0201 :
Farmers tell more fibs than MP’s. Such an eye opener. What’s wrong with them?? 🤦‍♂️🤷‍♂️
2024-11-21 18:32:29
62
unc__faz
UncFaz :
Millionaire farmers complaining they have to pay IHT like the rest of us whilst voting for Brexit with their Tory and UKIP pals…
2024-11-22 23:20:18
93
n__j_c_
n__j_c_ :
If you can’t run your business profitably you don’t have a right to have it subsidised by everyone else
2024-11-21 17:48:04
92
damw1313
DaiMo 🇪🇺 :
Any other family business has to pay 40%
2024-11-22 16:42:24
44
tahoomie
Tahoomie :
'Family business', but the only one that has been tax free up until now.
2024-11-21 21:41:53
18
billypoorhuxnwifje
moobo :
You literally have to own millions for the tax to apply
2024-11-22 20:40:57
69
ciaranw.12
_ciaranw_ :
Farm worth over 3 million if you can’t pay 20% on whats over that then there’s something wrong with your business isn’t there
2024-11-22 19:49:40
9
williebhardigan6969
williebhardigan6969 :
So what he’s saying is farming in the uk isn’t a sustainable career choice… pity they all voted leave hey would be nice to have had cheaper imports on food from Europe hey 😏
2024-11-22 11:11:41
19
shaun12891
shaun12891 :
Standing next to a 130k tractor 😂
2024-11-21 21:37:33
9
wayneallison671
wayneallison671 :
‘You get me a return from agriculture and I’ll pay that tax’… that kinda your job mate 🤔
2024-11-21 18:47:05
19
sven3440
Sven :
How is this any different to landlords with a portfolio they want to pass on to their kids?
2024-11-21 18:44:57
5
blue.sky.inv
Blue Sky UK :
Farms are very valuable yet very unprofitable businesses. I think we've forgotten about the need for food secuirty and the really rich land owners have their assets in trust. It's not worth the grab.
2024-11-22 08:32:32
26
yorkshirefarmerjade
YorkshireFarmerJade :
It’s very telling that a lot of people against farmers, would sell land if they inherited it. Rather then look after it, continue to build a business. Pass it on to their kids.
2024-11-22 14:23:40
5
willief033
WF98 :
300k over 10 years? Get it paid
2024-11-21 22:58:15
15
craigalexandert
craigalexandert :
For context you should have asked him how much his farm is worth.
2024-11-21 18:52:03
19
kn5000
user26064417114 :
The most frustrating part of it all is watching the government squander the tax away on lefty policies and wars ! It needs serious addressing before more taxing !
2024-11-21 19:43:07
8
harryconner51
Harry Conner :
Finally some full on sense … where does rhe money come from to pay IHT , selling land is not the answer as then you’re profit going forward is reduced and probably wouldn’t cover the costs
2024-11-21 22:27:20
8
ddeathead
Drac Mire :
so he's worth 3m , but says sons and nephews, so we are talking 10m +
2024-11-25 23:47:53
0
cza____
CZA :
The average person could never afford that tractor he’s standing in front of. Yet still has to pay the tax he wants to dodge
2024-11-25 09:02:52
1
rhyshughes1974
rhyshughes1974 :
It was fine to lay off thousands of miners and import cheaper coal. If UK farming can’t wash its face, why should taxpayers subsidise them?
2024-11-24 16:47:16
0
declansylver
Declan Sylver :
In Ireland a farm can be transferred to a qualified farmer family member inheritance tax & stamp duty exempt. Agriculture is of high value to the government of Ireland.
2024-11-24 12:44:38
1
jimjamjarroo
Jim C :
They kick up a fuss, but like any other millionaires they can plan for this and place the business and assets in trusts and partnerships and end up not paying any inheritance tax.
2024-11-24 09:31:26
3
lozhan0
Karen Ann 🇬🇧🇪🇺 :
Farmers can’t farm without land. If they sell the land where are they going to grow crops or put the animals that feed us?
2024-11-24 10:53:04
3
yawning04
user5161396367143 :
Pay up fella, you’re leaning on a tractor worth £80k!
2024-11-24 01:52:56
1
To see more videos from user @c5news, please go to the Tikwm homepage.

Other Videos


About