Hi channel4 news, your numbers are WRONG. At 6:49 you say 140k tax bill can be paid 14k annually over 10 years. You are forgetting the interest on the tax bill. at 7% interest this balloons to 187k, around 19k a year. For a farmer making 45k, this new 19k is devastating
Farmers are stuck the profits suck. They are not rich. You economic illirate. The money in farms is in assets not in liquidity. Inheritance is just theft. And it's worse because the government doesn't even need the money. We have so much money we can waste £7 million daily just on hotel fees for migrants.
Sadly certain "farmers" millionaires decided to draw attention to the fact they were buying farms and land to avoid tax. Then they decided to publicize the fact through television and the media which was even more clever, but at the same time earning fortunes from the watching sheaple ! Being a farmer myself i feel for the real working generational, family farms who have now been burdened with this , but look to the few pretenders to thank sadly instead of putting them high up on a podium. The sooner the investors and pretenders stop playing in the countryside the better , however the housing shortage is meaning land £ just goes ever higher for the rich speculator
The changes don't even effect 73% of farms, so the majority of genuine generational farms are unaffected. But the rich tax dodgers want to rile folks up to keep their tax holes for them to exploit.
@@markstonard1962 You give the government too much credit. It's nothing to do with these tax avoiding investors. That's a smokescreen. The government is not your friend. It wants YOU out of the farming business, not them. It wants to tighten its control over the food supply and for various of its cabinet to be rewarded with directorships and/or payoffs after leaving office, by the developers, energy companies and corporate farmers that intend to displace you and your local community.
The issue for farmers is not inheritance tax, it's the fact farms do not make the money they should and that farm land is far too valuable for the output (you have the property developers and rich folk buying farms to blame for that), that needs to be addressed by the government
Finally someone who actually speaks sense here. Too many jumping on the very easy ‘boohoo rich farmer bandwagon’ when it very often is not the case at all
A farmer’s son explained this to me a few years ago. I had no idea. These farms with acres of land and hundreds of thousands of pounds worth of machinery generate just enough profit to pay the owner a modest wage. They haven’t got the capacity to pay anything extra.
That was a distraction. He wanted to buy a farm to shoot, but he thought. the liberal media would crucify him if he said that. He will pay inheritance tax, he's knows that. He's not there for himself, he's there for other farmers who will be devastated by this tax. Some have already committed suicide about this. The government got their figures wildly wrong.
You don't pay any tax when you die. The person who receives the house has done zero work to pay for that house. They are getting it for nothing. It is income and therefore should be taxed.
Yeah, doesn't really help the cause to have some guy who made millions as a TV star and bought a farm (so not a generational farm) when the primary concern is non-farming millionaires buying up farms.
The reason that some farmers would reach the inheritance tax threshold whilst being asset rich but cash poor is because of the likes of Clarkson buying up land to avoid tax which makes land that would be worth little more valuable whilst at the same time being unprofitable to work. Clarkson is not the farmers' friend. Inheritance tax will stop the likes of JC from screwing the farmers by making the unprofitable land cheaper and able to be passed on to the inheritors without having to pay inheritance tax. It is the supermarkets , tax avoiders and those who voted for Brexit that farmers should be blaming (even if they themselves voted for Brexit.)
Exactly. And those figures about 25% of farms not making a profit includes those investments which are only about holding land to reduce the tax bill. They're not designed to make a profit.
Typical Leftie nonsense. So the answer is to destroy ALL value across a sector in order to target a few unwanted carpet baggers - No wonder the left has no economic viability.
You are blowing this up to be something it really isn't. This affects landowners not farmers. 75% of farmers do not own the land they work on, they rent it off of investment firms and foreign companies do. This is to close that tax loophole that the likes of Jeremy Clarkson and James Dyson are exploiting. They only pay after 4 million, then they get 3 million for free and 10% on 1 million after that with 10 years at 0% interest to pay. This is such a non issue. The real issue is why are farmers having to rent the land they work off of faceless foreign agents.
As a small farmer i can say this is more than a non issue. I agree the large landowners should be taxed but the £1m limit with the possibility of other grants up to £3m is too low and affects small farmers too much. Depending on circumstances 150 acres plus equiptment and house would be over the limit, meaning some would have to be sold off just to pay the inheritance tax. Even 400 acres could barely sustain an income for a farming family, so losing some would mean going bankrupt for most.
You are absolutely wrong. You clearly don't understand farming. Owning land is profitable when you SELL it. When you're farming, often the profits are often low or non existent, so when a farm is passed on, the children or family member that receives the farm is put into debt immediately due to the new tax cost. They can pay off the tax over 10 years, but if the profits are already low, then they will be losing money annually by paying these costs. To recap, land is valuable, farming equipment is expensive and counts as an asset for inheritance purposes, farming profits are often low, this policy will only cause problems for the future of farming.
And if you think that the big farms /rich farmers will pay dream on we can’t even get big companies to pay there fair share in tax it always falls to the small guy to pick it up
@@benwheelton2144 you're still blowing it out of proportion since the tax would be on anything that exceeds £3mil, for example if the assets were worth £4mil, you'd be liable to pay tax on the £1mil so £200,000 over 10 years. The business equipment will not be brand new and would be valued on a depreciated value depending on years held, not retail or resale value, a £100,000 tractor will be valued £5-10k after being 10 years old even if it could conceivably sold for much higher. £500k covers the house which everyone gets, so realistically £2.5mil for mostly the land. average price for an acre is around £10k which would mean a 150 acre farm would be well within the limits. Re-introduction of IHT will potentially lower land prices due to closure of a tax loophole. This is actually a very fair tax if statistics say only around 5% of farms previously claimed for such an amount.
He was the best chance they had amongst all the other millionaires upset at paying a reduced rate of tax than the working plebs they have no problem with paying 40% IHT.
Dont blame the Royals, we know from statements His Majesty said while as a Prince that he firmly disagrees with what the Government is doing. The Government is responsible for this mess.
And? What’s that got to do with farmers avoiding tax? They’re BOTH wrong and need to pay up like the rest of us! Look at them all. Well heeled and rubbing shoulders with the likes of Clarkson, not a good look when you are pleading poverty!
@@coppershark1973 No one is pleading poverty> They are against the blatant socialist land grab. How do you think this scum labour government is going to control the plebs|?
Plausibly conspiracy theory: It’s not a mistake, it’s a deliberate effort to disenfranchise a class of small business owners who hold substantial power, and tend to be more conservative. And to consolidate their assets in the hands of a few large companies who the government can more easily negotiate back-room deals with.
@@jimmeltonbradley1497 Even though they were allowed to employ foreigners at lower than minimum wage. Trouble with farmer is they don't like that they are now expected to behave like the rest of us.
They do pay inheritance tax, in exactly the same way as everyone else; but there was an exemption for agricultural land , the value of which is not necessarily determined by the profitability on the farming business. This anomaly, has been recognised by all previous Labour governments. This policy, is not a Socialist policy, it is the corporate takeover of British agriculture.
He is also the only one out of the lot who actually is speaking up for us. Countryfile for example spends most of its focus on yuppies with art projects that a child will do at primary school and then spend a good 20 minutes saying how racist the countryside is or talking down farming and barely even covering issues.
@@Randomequestrian-pm4hlclarkson? Yeah it’s privilege. The moment I and a lot of people hear him open his tax dodging Tory mouth, I stop listening. Real farmers need to ask him to stop speaking for them.
@@richardkidd21 Yes, he has privilege because he earned a lot of money doing top gear and Grand tour and it has put him in a very enviable position. But have you watch Clarkson's farm? loathe or like him, his show had done more for British farming than what anything else broadcast has ever done with its warts and all take on all aspects of agriculture, showing how difficult it can be. I'm glad he is speaking for us farmers, he is high profile, has a good platform to do it from and as such is hard to silence... I mean since when have you heard of Tom Bradshaw, the chairman of the NFU or paid attention to anything he has said?
So many people have zero sympathy for farmers because, despite what they say, they are mainly very wealthy people with land that gives them an almost guaranteed high standard of living. Why should they be given special treatment? When my mother had to go into a home we had to pay £1000 per week until ALL my inheritance ran out.
Farmers should be saying fine we’ll pay your tax but do us a favour and let us unionise to set our own prices. I’m sure labour will be up for regulating markets. We’re talking about being able to pass on massive wealth to kids who are going to sell it anyway cos it makes no money.
Please do explain how an inheretence tax aimed at land owners who don't actually work the farm and who were intentionally buying the land tk avoid inheretnece tax are the bard workers here please
the people who tried to do brexit did a bad job of it on purpose dragging their feet, and tbf its called democracy people voted on less immigration and the gov has still chose to go against the people
@@Sam88-l4k the police are foot soldiers for a racist system that degrades migrants and abuses BAME community members. We need to defund them and invest in grass roots community projects which studies show work better at preventing crime.
Farmer should pay tax like everyone else, Tories allowed tax avoiding they were at it themselves well done starmer close all tax loopholes. Tax avoiding damages UK economy,
@viewer.123 do you think wealthy landowners should be allowed to tax avoid uk ?, tax avoidance cost UK economy greatly, tax avoidance also damages our NHS, do you think it's fair everyone else pays taxes, but not wealthy landowners. ?. Tories looked the other way because they were tax avoiding UK aswell as their billionaire friends, starmer put a stop to it, this country on its knees because Tories tax loopholes. That why UK billionaires and millionaires are leaving UK, because starmer closing their tax avoiding , if these billionaires were so patriotic to our country why dont they want to pay taxes like everyone else is.
@@MrDesmondPot Not at all. The government shouldn't cash grab, any more than they already have. Especially from a suffering industry. They could bang two brain cells together, even that is a reach, and fucking manage our money properly. Maybe try to be efficient and effective with the trillion they take each year.
Despite media reports, the threshold isn’t actually going to be one million pound estates. There are other allowances that will bring it up to two and a half to three million depending on marriage. The twenty percent is also only on the value of land above that threshold so you won’t pay 20 percent of 3.1 million, only 100,000. According to the bbc, the number of farms worth more than 2.5 million that were passed on was 117. This isn’t an attack on farmers but an attack on using farmland to dodge taxes. This should theoretically bring land prices down and further decrease the number of farms affected. Not entirely on board with this policy myself but it clearly isn’t some paradoxical communist plot to give land to Blackrock or Bill Gates. I don’t see how this is net zero related either. I think some people need to spend less time on Facebook.
@oatman3526 it is a big plot .Wake up, Britain. You get your information from The BBC is the biggest properganda machine .WEF DAVOS . ILEGAL LOCK DOWNS. COVID VACCINES. this country is full of sheep ..I can't believe it. Do you read the Sun and the Guardian 🤔 .Get off MSM .
According to the BBC 😂 the NFU have ran the numbers and it will hit 7 out of 10 farms. This is an evil attack on the British countryside. You need to spend some time outside of the student union.
I'm from the Netherlands and i hve this question: Why would your tax-office and Treasurer, make a law from which she can only tax 500 UK citizens??? Either that law shows complete incompetence, or they're lying!!!
if you had an aim to tax the billionaires around the world, you'd only be aiming at maybe a few hundred people. Same concept, taxing the richest 5% of farms.
Part of the master plan, is it? You got the inside scoop? Step 1: bring down farming over 40 years through gentle taxation. Step 2: …..? Step 3: Profit.
@@MrDesmondPot Step 1: Force the natives to sell their farmed land to BlackRock. Step 2: The global elite now control how much food you have access to as a nation. Step 3: Totalitarian global government. It's like you have no concept of history. Go read up on Mao.
Regardless what Steve Reed or any one else might say. Farmers should not have to pay inheritance tax. I agree with Mr Krishnan Murthy opinions and his analysis on this particular matter. Nevertheless, our nation relies on fresh farm produce and agricultural benefits . It is essential that we continue to restore peace with our farmers and prevent further discord and conflict. Thank you Channel Four for your updates 🌻
Imagine if the 6million pounds a day for hotels could be sorted out and contribute towards giving farmers/nhs/police to name just a few this is just incomprehensible at this stage..
6 million pounds a day is nothing compared to what's needed to fix the country. You have to look elsewhere where big changes can be made rather than counting 'pennies' (a.k.a 6 million)
@@joey10-49 To maintain and potentially increase the domestic food supply, helping to reduce susceptibility to international shocks and limit food price rises which disproportionately affect the poor.
Imagine if we had a spare £350 million A WEEK after leaving the EU... we could fund the NHS! Imagine if we are being fed LIES by the Tories, Farage and their rich fat donors... Imagine finding out that you have been had...
Millionaire farmers should be taxed like the rest of us. 2 person owned farms won't get taxed in most cases unless worth over 3M. A lot better than the rest of us.
How is someone earning £20,000 a year meant to pay IHT of say £100,000 on the business they’ve inherited? Given the divorce rate in the UK is 42% do think farmers have some kind of manic trick so they all stay married and none are widowed?
You do realise that a lot of these farms make little to no profit. The land and assets may be worth a few million, but this is not liquidable cash and they will not be able to pay and instead be forced to sell.
I wish I could pass on millions to kids without them paying tax! I find it hard to believe a farmer can’t put the tax burden aside to pay it either. I like people paying tax, we cannot kick the can down the road like the last government has.
Almost all of a farmers money is in land an equiptment for farming. If they put that land and equiptment aside to give to the government for tax then what are they supposed to farm??
There are no millions. The millions only appear if the land is sold, which is why it's passed on from family to family, so it cannot be sold so that the farm remains, and generations of families continue to farm. Why are people so stupid they can't understand this concept? Over half the farms in this country make little or no profit each year. This tax will mean that the farms can't be passed on, because a tax bill will be due and there just aren't the profits available to pay the tax.
@@julianshepherd2038 you only pay the tax above £325,000. Inheritance tax helps poor people by redistributing those funds through public services. The majority of the UK, working and middle class people, will never have to worry about inheritance tax.
Honestly farmers, having a man who brazenly admitted he is only farming to avoid paying tax as your spokesperson, official or unofficial, is not a good look.
@MrDesmondPot you mean taxing the farmers that grow our food and keep food on our tables? Why should they pay inheritance tax? Do you not want future generations of farmers??
The multi millionaire that bought a farm so he didn’t have to pay inheritance tax is now whining that his loophole is being closed. Hideous little man.
@@Swamped117 Bro, im from council house land. I hate all forms of inheritance tax, they should all be abolished. Its litterally just jelous middle class and genetically sick people who support it.
@@RagingDong I don’t care about your opinions on inheritance tax or where you grew up. I didn’t ask and I don’t care. Believe it or not, it’s possible to criticise someone without being jealous of them. Only a child uses arguments like that. Although based on your spelling maybe you are a child.
They should make the so call rich tax avoid go live on a small farm ,work 52 week up to 20 hours a day ,I don't think the CO of these firms would want to buy land to avoid tax ,
Honestly, the farmers have been fucked over by Brexit, and the last 14 years of Tory government. This is the last straw for them. However, recent Tory tax exemptions by the Tories have caused this problem Plus the Tory owned press have wound them up. Has anyone met a poor farmer? The farmers tax exemptions are only 9 years old. Many asset rich businesses have survived for 400 years. Look at a business 400 years old with a factory and a warehouse who are still going strong. The farmers do not want to put their assets into trust like normal businesses because they want to separate the land from the business. Really, Farmers, you are a business, just do what every non farming businesses do that are hundreds of years old and protect your assets in a limited company. The new rules are aimed at very wealthy people who are buying farm land to use the "farmers" tax exemtions to buy loads of farm land and use it to avoid any inheritance tax to pass their money to their decendents with no tax liability.
Not sure why a farm is treated any different to any other business/home regarding inheritance tax. Can’t a farm simply be left in a trust like any other home or business?
Its not just Inheritance Tax, there's a lot of sneaky things the govt has included in this budget that affects farmers right now not just when they die such as increasing tax on vital fertilisers and increases in minimum wages that make farms even less profitable.
@ in terms of the wage rises ut wasnt particularly sneaky but its is an overlooked impact but the tax rises on fertiliser was not announced in parliament but was still included and will have an enormous impact on the already extortionate price of nitrogen fertiliser.
@bryanbelshaw7725 ok, so invest in unions, and workplace action. Make it impossible for them to employ anyone without benefits and pay. They do have us over a barrel that's right, we need to change it
I love how the Daily Mail/Telegraph/Times tries to portray this as a big issue. Rural voters don't vote Labour and urban voters don't care about a bunch of rich toffs complaining how poor they are and how hard they have it. They are wealthier than 90% of the country. Same reason the masses don't care about removing the non-dom status, rich people problems are never going to catch on.
Why do people who know nothing of farmers and farming think that farmers are loaded ?? It’s the assets (machinery, buildings etc..) give the farms their value- the millions aren’t in the farmers bank balance ! The ignorance and politics of envy among the will fully uninformed are destroying this country!
Clarkson has already said he will not be paying any inheritance tax because he has gifted the farm to his kids and seems not to want anyone else to do this as it take up a lot of time
@@PassiveAgressive319 Why oh why can't you understand the difference? A house is usually sold and the money split between the children. A farm is not sold, it continues to run as a business often accumulating losses or making only small profits. If the farms were routinely sold, I would get your argument, but they aren't, which is lucky because we rely on these generations of farmers who keep producing our food. Yes the land is worth money, but the business itself isn't. The business itself is very hard to turn good profits, and that's the issue here, people inheriting farms that make small profits have to immediately find many thousands of pounds per year, for 10 years, to pay the new tax bill. Would you accept something as an inheritance gift that will cost you a lot of money immediately and if you work REALLY hard and RIDICULOUSLY long hours with it, you might make enough money each year to make ends meet?
Getting the likes of Clarkson, who are using farms for tax avoidance, out of farm ownership, will reduce the value of farms, thereby reducing or eliminating any IHT bill. Problem solved. Carry on Labour!
Clarkson is helping to keep us fed, the same as every other farmer. Stop knocking the hands that feed us! He has a well-deserved bad reputation, but is at least bringing our attention to the hopelessly low profits in farming.
Most of these farmers won't even be subject to the tax. The thresholds and exemptions have been specifically made to target wealthy people and institutions who buy farms solely to exploit the reduced inheritance tax, like Clarkson.
You think Clarksons farm, which is fairly meagre in size, which goes over the thresholds is going to get hit for it and yet most normal sized farms aren't? It's just going to bankrupt family farms, the threshold is both low and extremely poorly thought out, there has to be a better method of hitting rich landowners who do not work the land, however labour is incompetent so that isn't going to happen.
@Amongus-oo5bw The average worth of UK farms is 2.2 million, with nearly 50% of them being worth 1.5 million or less. With exemptions, especially if married farmers won't pay inheritance tax unless their farm is worth more than 3 million. Clarkson's farm is currently estimated to be worth somewhere between 12.5 and 13.5 million, for reference.
@BoredomIncarnate1 I don't know where that statistic is coming from, but if it were true then why would tens of thousands of farmers be protesting right now in London, the impact is being severely downplayed and it affects a lot more farms than the statistics that are being spread.
@@BoredomIncarnate1 The value of the farm is irrelevant. It's only worth the money if sold. Diddly Squat has made under 100k profit in the last two years. Hardly a money spinner is it? Clarkson has other income, obviously, but a lot of farmers don't, and they have smaller farms making much smaller profits, or even losses, and they will still be subject to this tax. If I was a farmers son, I would have a hefty tax bill the second the farm is passed to me. In many cases, the bill is unaffordable due to low profits so it would not be worth taking on the responsibility. The farm will be sold, and there is no guarantee the new owner will use it for farming. Labour have got this so wrong.
@@Mandrax2011 Clarkson and co don't buy farms for the profit margins. They buy them because the inheritance tax is half the normal rate, and the value for them is the land itself, with prices always going up. Actual farmers, on the other hand, are asset rich but not particularly well off, but under this system, the vast majority of them will pay little to no inheritance tax due to exemptions.
As I have said previously... 100% behind the independent family farms. It's a question of food security. With climate change, growing risk of pestilence etc, it's good NOT to have all your eggs in one basket (with the multi nationals, and oversees private equety firms)
To the people who are writing things like "no one should have to pay inheritance tax" or " you get taxed 40% anyway"...let me make this clear so that the people at the back can hear me. Ahem... YOU'RE NOT PAYING IT - BECAUSE YOU'RE DEAD!
If I want to give someone 500 pounds and there's a 50% tax on that transaction I'd still have to work for an extra 500 so that 1000 gets transferred and 500 reach the other person. So I'd have to work for that extra 500 regardless of how dead I am at the time of the transaction.
The figures of 25% of farms made no profit is so deceptive. Any accountant will tell you that you kick the profit out to the parents/kids as the farm would be taxed at a higer rate. What they also will tell you is because of interest and self incentive to highly leverage farms have been relying on land appreciation instead of profits. As an accountant myself this is 50% bullshit.
So where should this money come from? Get it from poor again? We been footing the bill for 15 years. Now it’s the rich turn you see they don’t like it. There’s a reason there’s been no protests for 15 years. They haven’t been asked for anything. Just tax cuts!!!! A small proportion asked to pay and look at protests!!
Charlie charged the NHS 11 million over 15 years to park ambulances in a warehouse in Cornwall. That’s one warehouse in Cornwall. And all their/your money is kept offshore.
Oh boo hoo! A big group of entitled millionaire land owners complaining that £1,000,000 in assets means they are “struggling”. The average person has zero sympathy.
You have no concept of the reality of owning a farm. The turnover is low, but it's asset-rich - so if a farmer gives a property to their child, the annual income of £30 - £50k annually is then potentially taxed by 40%. If the child cannot afford to keep the business, the value of the business goes down dramatically and then they have very little from a business their family has toiled to work for decades. Get it now?
@@gk2811 Indeed. I had my Dad & his wife moaning about that this week. They both have civil service private pensions. Both vote Tory. One of them bought their council house at massive discount back in the day. They couldn't care less that young people are paying towards their state pensions & have none of the good times the pensioners once had.
Does your mums house produce food? Is there important intergenerational knowledge that makes your mums house more effective at producing food? Do you not care if food prices go up?
A lot of areas protected by the greenbelt protection are not areas worth protecting. Many are just grassland which contributes nearly nothing to the environment.
So they could afford to keep it in the family and not have to sell off part of their farm to pay the government. Most of the farms wealth is in machinery and land. Half of farmers earn less than £25,000 a year. A huge portion don't earn anything.
Notice the 2 previous responses. One stated objective fact whilst the other spouts meaningless nonsense. This is why many people like myself who are not right wing can no longer support these people. It's nothing but hatred and greed for the wealth of others in typical socialist fashion.
Farmers want it both ways, either run it as a business or a family home! If it is a home they get a good deal by paying less inheritance tax than Joe Public!
No. It is the consumer that wants it every way they can. Tax farms more and you should expect to pay more for your food in the supermarkets. 'Joe public' as you put it wants everything cheap, cheap, cheap. So, if you demand that farmers should pay their way, then so should Joe Public. Are you willing to pay more for your milk, meat and vegetables? I doubt it.
The issues are: no consideration for a continuation of farming, if a farmer dies passes on and then the inheritee dies, there is another tax bill and there is no credit for how much food security provides. If land is fallow for 30 years, absolutely tax them. If there is annual crops bearly making a profit due to prices, there should be credit for their work. Also, value is so overly inflated from factors outside farming.
Millions of peace protestors were ignored. A few thousand wealthy land owners should also be ignored. This tax only applies to assets in excess of £1m.
Which is _most_ farms in the UK. _It's land used to grow food, not a cellar full of cash like Scrooge McDuck._ They're only wealthy on paper. In reality, they're far from wealthy.
Plenty of rich people who live on farm properties who hardly do any farming. I've seen it with my own eyes by where I live. A few sheep and chickens maybe to be classified as a farmer. They can then pass on their wealth to their children without paying inheritance tax, that is till now. Me thinks Big head Clarkson knows this too so that's why he's now a farmer plus he's making a few extra quid from Flix. I do genuinely feel for genuine ful on farming families tho. We are heavily taxed for a crumbling nation. Where's all the money going???
@@richieiommi Can they just not tax land and equipment that's being used for farming but tax everything else? Then the tax dodgers would pay but farmers wouldn't.
@@lentilsoup460 no, they’d figure out another scam… growing grass or some such. This is the fault of greedy wealth hoarders. Farmers should be furious with those tax dodgers.
@@Tomallen2if they can't make a decent return on the 3 million plus assets they own then they could sell up and live off the interest which would be over £100k a year. Stop defending the indefensible
If any of you are against the farmers then you clearly don’t understand the insidious nature of this land grab and how soft/hard assets work, and if you do, then go give your head a wobble
Ignore them. Some of them are paid assets. The British people are behind their farmers. Join the People's Food and Farming Alliance and you can do so too.
@mdcclxxviepluribusunum1066 I think when it comes to the media game. 80% of wealthy landowners and farmers use the 20% poor farmers as sandbags. If inheritance tax is valid at all. Then paying it on estates with a value million plus is not an unreasonable. I'm 100% sure we would not get this much fuss if we taxed people living bill to bill and eating from food banks. That I am sure of. 'The media never tire of finding ways to make taxing the weathy seem like a bad idea.' It's a kind of magic trick, I think.
@@samanthapage2892 It doesn’t matter. How long would I last if a country invaded us and we needed the military? How long would I last without doctors, nurses, police officers when needed? Farmer’s are vital, no one’s saying they aren’t. But 99% of them are loaded, so I don’t care.
Don’t think most people know the only farms affected are the ones worth more than £1,000,000. Average person struggling to pay rent couldn’t care less about these whinging millionaires.
So I can’t handover my million pounds property to my kids but farmer can handover their million pounds assets to their kids? How’s that fair? Didn’t realise we have these many millionaire farmers.
90% of the population hate this government, the only people who like them are newly arrived migrants, NHS workers , train drivers and benefits recipients
@@Setinmywaysalways why should anyone pay inheritance tax, what did the government do. in farming the wealth is in the land, you'd have them sell a portion of the land to pay the tax, do they not already pay land tax
heard a young women say that imposing inheritance tax for farmers will disrupt their ‘lifestyle’…..surely that applies to everyone in the country who inherits property. By that measure, If you are going to stop inheritance tax, it must be for everyone. Why must farmers be excluded?
Honestly, I get that the government is broke and needs more tax revenue. But crippling our future food supply when the world is getting more isolated and dangerous is a really stupid move. Maybe go after the actual wealthy tax dodgers who are using farmland for tax purposes, or tax big supermarkets who have made record profits in recent years?? Just a thought
@ ok and when there’s not enough farms prices will rise, incentivising new farms to start up and equilibrium will be reached again. Problem solved, economics
@@Ploplox "Headline. In 2020, the UK imported 46% of the food it consumed. No one country provides more than 11% of those imports, a picture which has been stable for some time. By value, £48 billion of FFD was imported and £21.4 billion was exported"
We can have food security back any time we like if we rejoin the EU Single Market. The EU can feed itself and then some. But the UK will never be able to feed itself. We will always rely on imports unless we rejoin the EU.
Clarkson bought a farm to avoid tax. Read his interview in 2021. Farage and johnson sold brexit as a bonus for farms but that was not true. People stood around on tbis march clapping the tories. Who reformed backed. It was them that put farms in so much trouble. Trouble being a lot of farmers vote tory. Now they have only labour to point a finger at.
![Dragons - Bande-annonce officielle VF [Au cinéma le 11 Juin 2025]](http://i.ytimg.com/vi/YFudK_c-z8o/mqdefault.jpg)
"Stuck Farmer" is probably the best slogan I have ever seen in history.
Should have went to specsavers.
@@randomuser4201 It works on so many levels! (two)
It’s not a million pounds ennitt.
Hi channel4 news, your numbers are WRONG. At 6:49 you say 140k tax bill can be paid 14k annually over 10 years. You are forgetting the interest on the tax bill.
at 7% interest this balloons to 187k, around 19k a year. For a farmer making 45k, this new 19k is devastating
Farmers are stuck the profits suck. They are not rich. You economic illirate. The money in farms is in assets not in liquidity. Inheritance is just theft. And it's worse because the government doesn't even need the money. We have so much money we can waste £7 million daily just on hotel fees for migrants.
Sadly certain "farmers" millionaires decided to draw attention to the fact they were buying farms and land to avoid tax. Then they decided to publicize the fact through television and the media which was even more clever, but at the same time earning fortunes from the watching sheaple ! Being a farmer myself i feel for the real working generational, family farms who have now been burdened with this , but look to the few pretenders to thank sadly instead of putting them high up on a podium. The sooner the investors and pretenders stop playing in the countryside the better , however the housing shortage is meaning land £ just goes ever higher for the rich speculator
The changes don't even effect 73% of farms, so the majority of genuine generational farms are unaffected.
But the rich tax dodgers want to rile folks up to keep their tax holes for them to exploit.
Excellent, well put with fact`s. Godspeed to all genuine hard working family farmer`s.
@@markstonard1962 You give the government too much credit. It's nothing to do with these tax avoiding investors. That's a smokescreen. The government is not your friend. It wants YOU out of the farming business, not them. It wants to tighten its control over the food supply and for various of its cabinet to be rewarded with directorships and/or payoffs after leaving office, by the developers, energy companies and corporate farmers that intend to displace you and your local community.
meanwhile they add 1 million new people per year every year
@@involuntarilychad4048 That`s a very dark stark picture you paint there. Are you a Tory voter by any chance?
The issue for farmers is not inheritance tax, it's the fact farms do not make the money they should and that farm land is far too valuable for the output (you have the property developers and rich folk buying farms to blame for that), that needs to be addressed by the government
Finally someone who actually speaks sense here. Too many jumping on the very easy ‘boohoo rich farmer bandwagon’ when it very often is not the case at all
A farmer’s son explained this to me a few years ago. I had no idea. These farms with acres of land and hundreds of thousands of pounds worth of machinery generate just enough profit to pay the owner a modest wage. They haven’t got the capacity to pay anything extra.
Maybe if fewer rich people were chasing farmlands to dodge taxes, the value of the farmland might go down to normal levels 😮
Lower demand for farmland due to inheritance tax will lower the price of land.
Capitalism is such a wonderful system!
Jeremy Clarkson in 2021; "The critical thing in deciding to become a farmer was to avoid inheritance tax"
Nothing to do with hard working real farmers.
@@paddygoes175 Define hard working.
@@paddygoes175everyone works hard and pays their taxes.
That was a distraction. He wanted to buy a farm to shoot, but he thought. the liberal media would crucify him if he said that. He will pay inheritance tax, he's knows that. He's not there for himself, he's there for other farmers who will be devastated by this tax. Some have already committed suicide about this. The government got their figures wildly wrong.
@@paddygoes175lots of us work hard and aren’t tax dodgers. It’s possible.
Inheritance tax is THE biggest joke in the UK anyway. You already pay tax on your house then have to give another 40% over when you die.
That only applies if your house is worth more than £325,000, and even then only applies to everything above that amount
So you are told by people with obscene wealth
@@MoltenbramleyI think the threshold is increased to 500 000 if left to a direct descendant.
You don't pay any tax when you die. The person who receives the house has done zero work to pay for that house. They are getting it for nothing. It is income and therefore should be taxed.
The problem with inheritance tax is very few people actually seem to understand it and you've proven that very well
Saying Jeremy Clarkson is a farmer is like saying Jake Paul is a boxer.
Jake Paul is a boxer
Yeah, doesn't really help the cause to have some guy who made millions as a TV star and bought a farm (so not a generational farm) when the primary concern is non-farming millionaires buying up farms.
Yeah, I think he's more of the tax loophole variety of farmer
Clarkson has done more for farming in the past few years than anyone else in the past century
it's like saying a man can become a women.
The reason that some farmers would reach the inheritance tax threshold whilst being asset rich but cash poor is because of the likes of Clarkson buying up land to avoid tax which makes land that would be worth little more valuable whilst at the same time being unprofitable to work.
Clarkson is not the farmers' friend.
Inheritance tax will stop the likes of JC from screwing the farmers by making the unprofitable land cheaper and able to be passed on to the inheritors without having to pay inheritance tax.
It is the supermarkets , tax avoiders and those who voted for Brexit that farmers should be blaming (even if they themselves voted for Brexit.)
Exactly. And those figures about 25% of farms not making a profit includes those investments which are only about holding land to reduce the tax bill. They're not designed to make a profit.
Typical Leftie nonsense. So the answer is to destroy ALL value across a sector in order to target a few unwanted carpet baggers - No wonder the left has no economic viability.
Yea, you believe that and tell that to the thousands that turned out yesterday
@@kfckillie1 Recent history has shown that feelings are more important to people than facts.
@@DrawingNo1 and your facts are wrong and before you ask I am not your personal research monkey
You are blowing this up to be something it really isn't. This affects landowners not farmers. 75% of farmers do not own the land they work on, they rent it off of investment firms and foreign companies do. This is to close that tax loophole that the likes of Jeremy Clarkson and James Dyson are exploiting.
They only pay after 4 million, then they get 3 million for free and 10% on 1 million after that with 10 years at 0% interest to pay.
This is such a non issue. The real issue is why are farmers having to rent the land they work off of faceless foreign agents.
Spot on!
Only rich Tories who avoid tax will be affected.
As a small farmer i can say this is more than a non issue. I agree the large landowners should be taxed but the £1m limit with the possibility of other grants up to £3m is too low and affects small farmers too much. Depending on circumstances 150 acres plus equiptment and house would be over the limit, meaning some would have to be sold off just to pay the inheritance tax. Even 400 acres could barely sustain an income for a farming family, so losing some would mean going bankrupt for most.
You are absolutely wrong. You clearly don't understand farming. Owning land is profitable when you SELL it. When you're farming, often the profits are often low or non existent, so when a farm is passed on, the children or family member that receives the farm is put into debt immediately due to the new tax cost. They can pay off the tax over 10 years, but if the profits are already low, then they will be losing money annually by paying these costs. To recap, land is valuable, farming equipment is expensive and counts as an asset for inheritance purposes, farming profits are often low, this policy will only cause problems for the future of farming.
And if you think that the big farms /rich farmers will pay dream on we can’t even get big companies to pay there fair share in tax it always falls to the small guy to pick it up
@@benwheelton2144 you're still blowing it out of proportion since the tax would be on anything that exceeds £3mil, for example if the assets were worth £4mil, you'd be liable to pay tax on the £1mil so £200,000 over 10 years. The business equipment will not be brand new and would be valued on a depreciated value depending on years held, not retail or resale value, a £100,000 tractor will be valued £5-10k after being 10 years old even if it could conceivably sold for much higher. £500k covers the house which everyone gets, so realistically £2.5mil for mostly the land. average price for an acre is around £10k which would mean a 150 acre farm would be well within the limits.
Re-introduction of IHT will potentially lower land prices due to closure of a tax loophole. This is actually a very fair tax if statistics say only around 5% of farms previously claimed for such an amount.
Really? Clarkson? The multi-millonaire who bought a farm to AVOID inheritance tax, is the voice of the farmers?
Get real, please...
💯
I prefer clarkson than Rachel reeves - she’s never done hard graft in her life
He’s scapegoating. Doesn’t want to get strung up.
He was the best chance they had amongst all the other millionaires upset at paying a reduced rate of tax than the working plebs they have no problem with paying 40% IHT.
Whilst that true he has also done an amazing job highlighting the difficulties of modern farming, which as of a few years ago were completely unknown.
Inheritance tax the Royal Family. Charles inherited £500 million from his mother…tax free !
Wash your mouth out, they are your German betters. Bow down to King sausage fingers aka Jimmy Savilles mate immediately
Exactly!!!
Dont blame the Royals, we know from statements His Majesty said while as a Prince that he firmly disagrees with what the Government is doing. The Government is responsible for this mess.
And? What’s that got to do with farmers avoiding tax? They’re BOTH wrong and need to pay up like the rest of us! Look at them all. Well heeled and rubbing shoulders with the likes of Clarkson, not a good look when you are pleading poverty!
@@coppershark1973 No one is pleading poverty> They are against the blatant socialist land grab. How do you think this scum labour government is going to control the plebs|?
Plausibly conspiracy theory: It’s not a mistake, it’s a deliberate effort to disenfranchise a class of small business owners who hold substantial power, and tend to be more conservative. And to consolidate their assets in the hands of a few large companies who the government can more easily negotiate back-room deals with.
It's not rocket science. Copy and pasted from Mao and Stalin playbook.
Or… spoiled and entitled hoarders of land and wealth being asked to pay their fair share.
Or maybe its to stop people from buying up vast amount of land in order to avoid paying IHT.
Pay your taxes and stop with the Hollywood story lines.
@@Tremuoso🤡🤡🤡
Don't bite the hand that feeds you
So you eat only seasonal foods then?
I take it you are referring to the farmers as one of the most subsidised industries ….. they seem to be attacking the hand that feeds them
We already did that with Brexit.
@@lellyparker100% agree , Britons like always easy to manipulate and cry after
You had your chance with Brexit.
And blew it.
Stop blaming everyone else for your problems.
are these the same farmers who majority voted brexit despite knowing they would lose millions in EU money?????
@@daviemcgonigle6177 Brexit was about imigration mate, nobody gave a toss about ecenomics back then.
@@RagingDong For the farmers it was about escaping from EU regulation. For them it was all about the economics.
@@jimmeltonbradley1497 Even though they were allowed to employ foreigners at lower than minimum wage. Trouble with farmer is they don't like that they are now expected to behave like the rest of us.
@@RagingDong The irony.
Are the Labour politicians just thick or do they think we are?
Why should anyone pay inheritance tax if farmers don't?
No one should.
Most people don't and one's that do typically have to sell the things they're inheriting to pay the inheritance tax.
@@Floyd-df2uq exactly
They do pay inheritance tax, in exactly the same way as everyone else; but there was an exemption for agricultural land , the value of which is not necessarily determined by the profitability on the farming business. This anomaly, has been recognised by all previous Labour governments. This policy, is not a Socialist policy, it is the corporate takeover of British agriculture.
@@Floyd-df2uqif there is no inheritance tax will you be happy to pay more income tax?
Psychopathic Narcissists can't do that...
It's not happening today for the farmers. Clarkson is the politics of privilege made flesh.
He is also the only one out of the lot who actually is speaking up for us. Countryfile for example spends most of its focus on yuppies with art projects that a child will do at primary school and then spend a good 20 minutes saying how racist the countryside is or talking down farming and barely even covering issues.
Privilege or achievement? There's a vast difference.
@@Randomequestrian-pm4hlclarkson? Yeah it’s privilege. The moment I and a lot of people hear him open his tax dodging Tory mouth, I stop listening. Real farmers need to ask him to stop speaking for them.
@@richardkidd21 Yes, he has privilege because he earned a lot of money doing top gear and Grand tour and it has put him in a very enviable position. But have you watch Clarkson's farm? loathe or like him, his show had done more for British farming than what anything else broadcast has ever done with its warts and all take on all aspects of agriculture, showing how difficult it can be.
I'm glad he is speaking for us farmers, he is high profile, has a good platform to do it from and as such is hard to silence... I mean since when have you heard of Tom Bradshaw, the chairman of the NFU or paid attention to anything he has said?
@Randomequestrian-pm4hl Privilige. Bumptious. Ignorant of the fact that everyone else has to pay tax.
So many people have zero sympathy for farmers because, despite what they say, they are mainly very wealthy people with land that gives them an almost guaranteed high standard of living. Why should they be given special treatment? When my mother had to go into a home we had to pay £1000 per week until ALL my inheritance ran out.
Many farmers pay over £10,000 a term to top tier agricultural colleges for their kids to learn the trade. Poor things!
Privileged folks whining when the privilege is taken away.
Farmers should vent their anger on the supermarkets who set the prices
The farmers have become captives of the supermarkets. They get 11p in the pound from them for their produce, and 1p in the pound for milk.
It feeds much further than the supermarkets. Work backwards and find the source, then you’ll see the governments actual plan behind all this
Farmers should be saying fine we’ll pay your tax but do us a favour and let us unionise to set our own prices. I’m sure labour will be up for regulating markets. We’re talking about being able to pass on massive wealth to kids who are going to sell it anyway cos it makes no money.
@@TriSamples We have one, its called the NFU and its calling for the government to U-turn on this stupid tax.
@@TriSamplesand if the kids sell they’ll rightly pay substantial CGT.
The hardest working people are just seen as prey for these people.
We just exist to be bled dry by the public sector.
This isn't true. They increased nurses pay
@@ObiJoe808how is that relevant to a conversation about the way they treat farmers?
@@imchrisme5514 yeah the multi millionaire land owners are always treated so unfairly aren’t they?
Please do explain how an inheretence tax aimed at land owners who don't actually work the farm and who were intentionally buying the land tk avoid inheretnece tax are the bard workers here please
Inheritance Tax levels for plebs is 40%, Farmers 20%. The Royal Family pay fec all !
How is that fair...
get rid of inheritance tax - problem solved!
@@mbb05jb It's a good tax. Only his the very rich
I genuinely believe farms that produce foods should not have to pay inheritance tax.
No I'm not a farmer.
Stop the scrouging tax dodgers
@@malhorner9210most farmers aren't, if you wanna stop tax dodging, go after trust rules. Or how about we tax the royals
That's what he just said.@solaireastora5394
So your in favour of battery farms and cheap meat
@@solaireastora5394 why not do all of those things?
If only they had protested like this against Brexit...which has done untold damage to their industry... Ho hum...
They were the ones voting for it
@@gazs7237 nice one 🤣
the people who tried to do brexit did a bad job of it on purpose dragging their feet, and tbf its called democracy people voted on less immigration and the gov has still chose to go against the people
Your uneducated this was a problem whilst we was in the eu the problem of inheritance tax is a policy of eu... Our Pro eu anti uk pm relents
Brexit was the best decision this country ever made it was just handled terribly
I stand for UK's farmers!!!!
You stand alone - the good people of this country stands for dignity for asylum seekers, defunding the police and ending the genocide in Palestine.
@@Jennyeqperhaps with this extra farmers money we can fund the police?
@@Sam88-l4k the police are foot soldiers for a racist system that degrades migrants and abuses BAME community members. We need to defund them and invest in grass roots community projects which studies show work better at preventing crime.
Jenny definitely thinks men can give birth 🤣🤣🤣
@@Jennyeq Not defunding the police.
They need to tax starmers back handers and pay offs.
Farmer should pay tax like everyone else, Tories allowed tax avoiding they were at it themselves well done starmer close all tax loopholes. Tax avoiding damages UK economy,
@@knottybogeye6387Another channel against the farmers with no content.
Wow, what a coincidence.
@@knottybogeye6387What do you think will happen if farmers need to pay this tax? Just curious as you seem so informed
@viewer.123 do you think wealthy landowners should be allowed to tax avoid uk ?, tax avoidance cost UK economy greatly, tax avoidance also damages our NHS, do you think it's fair everyone else pays taxes, but not wealthy landowners. ?. Tories looked the other way because they were tax avoiding UK aswell as their billionaire friends, starmer put a stop to it, this country on its knees because Tories tax loopholes. That why UK billionaires and millionaires are leaving UK, because starmer closing their tax avoiding , if these billionaires were so patriotic to our country why dont they want to pay taxes like everyone else is.
@@viewer.123 Millionaires will stop buying up land to take advantage of the loopholes to avoid paying Itax.
It's not even hard.
If only we could save money, maybe something to do with hotels?
You should be pleased with this new revenue stream then
Brexit means brexit
@@MrDesmondPot Not at all. The government shouldn't cash grab, any more than they already have. Especially from a suffering industry. They could bang two brain cells together, even that is a reach, and fucking manage our money properly. Maybe try to be efficient and effective with the trillion they take each year.
That's being sorted as we speak.
Despite media reports, the threshold isn’t actually going to be one million pound estates. There are other allowances that will bring it up to two and a half to three million depending on marriage. The twenty percent is also only on the value of land above that threshold so you won’t pay 20 percent of 3.1 million, only 100,000. According to the bbc, the number of farms worth more than 2.5 million that were passed on was 117. This isn’t an attack on farmers but an attack on using farmland to dodge taxes. This should theoretically bring land prices down and further decrease the number of farms affected. Not entirely on board with this policy myself but it clearly isn’t some paradoxical communist plot to give land to Blackrock or Bill Gates. I don’t see how this is net zero related either. I think some people need to spend less time on Facebook.
"but it clearly isn't" well that's that then...
@@oatman3526 According to the BBC... 🙄
@oatman3526 it is a big plot .Wake up, Britain. You get your information from The BBC is the biggest properganda machine .WEF DAVOS . ILEGAL LOCK DOWNS. COVID VACCINES. this country is full of sheep ..I can't believe it. Do you read the Sun and the Guardian 🤔 .Get off MSM .
According to the BBC 😂 the NFU have ran the numbers and it will hit 7 out of 10 farms. This is an evil attack on the British countryside.
You need to spend some time outside of the student union.
A lot of very angry Tories having meltdowns on this Labour tax on the very wealthy tax dodging privileged brigade. Bravo i say!
Clarkson is a fraud he him self years ago that he brought land so he didn't have to pay any inheritance tax 🤣
No he didn’t he bought it to shoot.
@farahtahir985 🤣 read the article it's online his words even the BBC quoted it to him today 🤣
@@ldabc4917and in this video he clearly says if you wanted to target him be more precise, don't mess up all farmers
Mate, his farm is nothing to him - you are off the mark because Clarkson is worth more than 100 million +
H@@farahtahir985he says that now.
He wrote the opposite five years ago.
They voted for brexit. Welcome to the consequences of your actions.
So ironic
Anyone not wanting to pay taxes and not contributing to the greater good of the country should be considered a traitor.
I'm from the Netherlands and i hve this question: Why would your tax-office and Treasurer, make a law from which she can only tax 500 UK citizens??? Either that law shows complete incompetence, or they're lying!!!
500 per year would be affected
if you had an aim to tax the billionaires around the world, you'd only be aiming at maybe a few hundred people. Same concept, taxing the richest 5% of farms.
Unfortunately farms going under is exactly what Labour intended to happen...!!
Part of the master plan, is it? You got the inside scoop? Step 1: bring down farming over 40 years through gentle taxation. Step 2: …..? Step 3: Profit.
@@MrDesmondPot Step 1: Force the natives to sell their farmed land to BlackRock. Step 2: The global elite now control how much food you have access to as a nation. Step 3: Totalitarian global government.
It's like you have no concept of history. Go read up on Mao.
Over 40 years honey ? Where's your source ?
Carful channel 4 has got the fact checkers out.
What a joke the media have become.
They haven't a clue. They didn't speak to farmers there wasn't any plan.
Our MPs are quite thick nowadays and can barely string a sentence together!
They did get significantly smarter this summer but on the whole they are not particularly bright.
There not ours ,there for themselves not the country
Regardless what Steve Reed or any one else might say. Farmers should not have to pay inheritance tax. I agree with Mr Krishnan Murthy opinions and his analysis on this particular matter. Nevertheless, our nation relies on fresh farm produce and agricultural benefits . It is essential that we continue to restore peace with our farmers and prevent further discord and conflict.
Thank you Channel Four for your updates 🌻
Inheritance tax for anybody is bad...the vast majority work and pay tax their whole life but they still want more out of a deceased estate.... 😡🇬🇧
@@johnmccann5104 The money should help the living.
Imagine if the 6million pounds a day for hotels could be sorted out and contribute towards giving farmers/nhs/police to name just a few this is just incomprehensible at this stage..
But the 6mil a day goes to tory donors
Why should farmers get anymore? They're already given massive handouts and tax breaks!
6 million pounds a day is nothing compared to what's needed to fix the country. You have to look elsewhere where big changes can be made rather than counting 'pennies' (a.k.a 6 million)
@@joey10-49 To maintain and potentially increase the domestic food supply, helping to reduce susceptibility to international shocks and limit food price rises which disproportionately affect the poor.
Imagine if we had a spare £350 million A WEEK after leaving the EU... we could fund the NHS! Imagine if we are being fed LIES by the Tories, Farage and their rich fat donors... Imagine finding out that you have been had...
Millionaire farmers should be taxed like the rest of us. 2 person owned farms won't get taxed in most cases unless worth over 3M. A lot better than the rest of us.
It’s not liquid assets! City dwellers just don’t get this! They don’t have millions swilling around in the bank!
yea make it so big business owns all farmable land. What could possibly go wrong with that. 😂😂😂
How is someone earning £20,000 a year meant to pay IHT of say £100,000 on the business they’ve inherited?
Given the divorce rate in the UK is 42% do think farmers have some kind of manic trick so they all stay married and none are widowed?
You do realise that a lot of these farms make little to no profit. The land and assets may be worth a few million, but this is not liquidable cash and they will not be able to pay and instead be forced to sell.
@@VeggieManUKand if all the farmers sell we will have no food. I still dont understand why other people dont get this
🎉🎉🎉Well done FARMERS! KEEP ON TRUCKING 🎉🎉❤❤
I wish I could pass on millions to kids without them paying tax! I find it hard to believe a farmer can’t put the tax burden aside to pay it either. I like people paying tax, we cannot kick the can down the road like the last government has.
Almost all of a farmers money is in land an equiptment for farming. If they put that land and equiptment aside to give to the government for tax then what are they supposed to farm??
There are no millions. The millions only appear if the land is sold, which is why it's passed on from family to family, so it cannot be sold so that the farm remains, and generations of families continue to farm. Why are people so stupid they can't understand this concept? Over half the farms in this country make little or no profit each year. This tax will mean that the farms can't be passed on, because a tax bill will be due and there just aren't the profits available to pay the tax.
You can, it's pretty easy using a limited company, it's not difficult to avoid inheritance tax with some estate planning
Jeremey Clarkson is more concerned about his money than about farmers.
Can't he be concerned about both, or is that illegal?
Your state sponsored demagoguery is on its last legs.
Proof?
Not nice guy anyway
The french are spraying slury over the streets. Just an idea lol lol.
That is ordinary farmers not this collection of millionaires. Most of them sound what they are, Posh.
Our politicians are already doing that for us.
@@fredmercury1314Have been for the past 15 years
No one should have to pay inheritance tax,its fucking outrageous
Yeah, money you haven't earned should be protected because rich people pay it.
Still it on the plebs, those that are worth less than a million.
Why is it? You're getting an asset for free. You didn't do anything to earn it other than be lucky enough to be born into the right family.
@@julianshepherd2038 you only pay the tax above £325,000. Inheritance tax helps poor people by redistributing those funds through public services. The majority of the UK, working and middle class people, will never have to worry about inheritance tax.
Only the rich actually pay it. They need to stop whining.
@@ETwin-o6eowning a 400k house is rich?
Millionaires trying to avoid paying taxes…..how nice
Honestly farmers, having a man who brazenly admitted he is only farming to avoid paying tax as your spokesperson, official or unofficial, is not a good look.
Farmers, pensioners, who’s next ????
The benefit cheats
All of us apart from the elitists 😢
Funnily enough, a lot of those farmers and pensioners voted Brexit. The least they can do is help cover the deficit they helped create.
@@Evie3331 taxing rich farmers to invest in public services is for the “elitists” how?
@MrDesmondPot you mean taxing the farmers that grow our food and keep food on our tables? Why should they pay inheritance tax? Do you not want future generations of farmers??
The multi millionaire that bought a farm so he didn’t have to pay inheritance tax is now whining that his loophole is being closed. Hideous little man.
He can give his off springers property right now, he must not trust his offspring.
@@Swamped117 Only losers are Jelous of other peoples sucess.
@ I’m not jealous of Mr Clarkson. Just pointing out the reason why he owns a farm. Sorry if reality upsets you.
@@Swamped117 Bro, im from council house land.
I hate all forms of inheritance tax, they should all be abolished.
Its litterally just jelous middle class and genetically sick people who support it.
@@RagingDong I don’t care about your opinions on inheritance tax or where you grew up. I didn’t ask and I don’t care. Believe it or not, it’s possible to criticise someone without being jealous of them. Only a child uses arguments like that. Although based on your spelling maybe you are a child.
They should make the so call rich tax avoid go live on a small farm ,work 52 week up to 20 hours a day ,I don't think the CO of these firms would want to buy land to avoid tax ,
Farmers aren't very nice people
Dyson and Clarkson are upset because their tax dodging is coming to an end. Tough, pay your taxes like everyone else has to.
Honestly, the farmers have been fucked over by Brexit, and the last 14 years of Tory government. This is the last straw for them. However, recent Tory tax exemptions by the Tories have caused this problem Plus the Tory owned press have wound them up. Has anyone met a poor farmer? The farmers tax exemptions are only 9 years old. Many asset rich businesses have survived for 400 years. Look at a business 400 years old with a factory and a warehouse who are still going strong. The farmers do not want to put their assets into trust like normal businesses because they want to separate the land from the business. Really, Farmers, you are a business, just do what every non farming businesses do that are hundreds of years old and protect your assets in a limited company. The new rules are aimed at very wealthy people who are buying farm land to use the "farmers" tax exemtions to buy loads of farm land and use it to avoid any inheritance tax to pass their money to their decendents with no tax liability.
Brexit that a majority of farmers voted for lol they are footing the bill for the mess they voted for is how i see it
Farmers overwhelming voted for brexit and tory governments that stitched them up 😂
@@Sam88-l4k😂😂😂
Clarkson's a scrounging millionaire
He's earned his money.
So? He worked hard and earned it.
@@spenser9908 So what. He has to pay tax. Just like I do
@@brianbell3836 You don't pay the same rate, moron.
Not sure why a farm is treated any different to any other business/home regarding inheritance tax.
Can’t a farm simply be left in a trust like any other home or business?
I believe you can't borrow against an asset if it's held in trust, correct me if I'm wrong please.
Difficult to invest in equipment etc.
Isn't hiding property in trust an illegal tax avoidance?
@ You can argue that it is tax avoidance, but leaving property in trust is perfectly legal, simple and cheap to arrange and available to all.
This is similar to wealthy pensioners complaining about losing the winter fuel benefit they don't need.
So you think that a pensioner with an income greater than £11,337 a year (or in some circumstances £12,221) is wealthy? Okay.
No wealthy pensioners are complaining.
What wealthy pensioners? Don't talk rubbish.
@@sookibeulah9331
Oh, please.
@@Mandrax2011
Oh, bless.
Its not just Inheritance Tax, there's a lot of sneaky things the govt has included in this budget that affects farmers right now not just when they die such as increasing tax on vital fertilisers and increases in minimum wages that make farms even less profitable.
👜 how will they afford the violins?
@ not quite sure what you mean by that?
@@MrDesmondPot How will we afford our food?
Sneaky?
@ in terms of the wage rises ut wasnt particularly sneaky but its is an overlooked impact but the tax rises on fertiliser was not announced in parliament but was still included and will have an enormous impact on the already extortionate price of nitrogen fertiliser.
Labour tries to tax the rich.
Everyone else: NOOOOOOO!!!!
Looking forward to Amazon and the rest paying up then.....oh that's right, better not bite the real hand that feeds eh.
@bryanbelshaw7725 ok, so invest in unions, and workplace action. Make it impossible for them to employ anyone without benefits and pay. They do have us over a barrel that's right, we need to change it
I love how the Daily Mail/Telegraph/Times tries to portray this as a big issue. Rural voters don't vote Labour and urban voters don't care about a bunch of rich toffs complaining how poor they are and how hard they have it. They are wealthier than 90% of the country. Same reason the masses don't care about removing the non-dom status, rich people problems are never going to catch on.
You clearly don’t know a single farmer….
Why do people who know nothing of farmers and farming think that farmers are loaded ?? It’s the assets (machinery, buildings etc..) give the farms their value- the millions aren’t in the farmers bank balance ! The ignorance and politics of envy among the will fully uninformed are destroying this country!
@ ikr it’s mental
Clarkson has already said he will not be paying any inheritance tax because he has gifted the farm to his kids and seems not to want anyone else to do this as it take up a lot of time
Good for him, he’s a multi millionaire. What about the average family who inherit their parents home. Why must they pay tax but not farmers?
@@PassiveAgressive319 Why oh why can't you understand the difference? A house is usually sold and the money split between the children. A farm is not sold, it continues to run as a business often accumulating losses or making only small profits. If the farms were routinely sold, I would get your argument, but they aren't, which is lucky because we rely on these generations of farmers who keep producing our food.
Yes the land is worth money, but the business itself isn't. The business itself is very hard to turn good profits, and that's the issue here, people inheriting farms that make small profits have to immediately find many thousands of pounds per year, for 10 years, to pay the new tax bill. Would you accept something as an inheritance gift that will cost you a lot of money immediately and if you work REALLY hard and RIDICULOUSLY long hours with it, you might make enough money each year to make ends meet?
Everyone else has to
Getting the likes of Clarkson, who are using farms for tax avoidance, out of farm ownership, will reduce the value of farms, thereby reducing or eliminating any IHT bill. Problem solved. Carry on Labour!
Clarkson is helping to keep us fed, the same as every other farmer. Stop knocking the hands that feed us! He has a well-deserved bad reputation, but is at least bringing our attention to the hopelessly low profits in farming.
Is there to be a tax on £100,000 worth of free clothes?
Don't be silly.
Tax on gifts?
Most of these farmers won't even be subject to the tax. The thresholds and exemptions have been specifically made to target wealthy people and institutions who buy farms solely to exploit the reduced inheritance tax, like Clarkson.
You think Clarksons farm, which is fairly meagre in size, which goes over the thresholds is going to get hit for it and yet most normal sized farms aren't? It's just going to bankrupt family farms, the threshold is both low and extremely poorly thought out, there has to be a better method of hitting rich landowners who do not work the land, however labour is incompetent so that isn't going to happen.
@Amongus-oo5bw The average worth of UK farms is 2.2 million, with nearly 50% of them being worth 1.5 million or less.
With exemptions, especially if married farmers won't pay inheritance tax unless their farm is worth more than 3 million.
Clarkson's farm is currently estimated to be worth somewhere between 12.5 and 13.5 million, for reference.
@BoredomIncarnate1 I don't know where that statistic is coming from, but if it were true then why would tens of thousands of farmers be protesting right now in London, the impact is being severely downplayed and it affects a lot more farms than the statistics that are being spread.
@@BoredomIncarnate1 The value of the farm is irrelevant. It's only worth the money if sold. Diddly Squat has made under 100k profit in the last two years. Hardly a money spinner is it? Clarkson has other income, obviously, but a lot of farmers don't, and they have smaller farms making much smaller profits, or even losses, and they will still be subject to this tax. If I was a farmers son, I would have a hefty tax bill the second the farm is passed to me. In many cases, the bill is unaffordable due to low profits so it would not be worth taking on the responsibility. The farm will be sold, and there is no guarantee the new owner will use it for farming. Labour have got this so wrong.
@@Mandrax2011 Clarkson and co don't buy farms for the profit margins. They buy them because the inheritance tax is half the normal rate, and the value for them is the land itself, with prices always going up.
Actual farmers, on the other hand, are asset rich but not particularly well off, but under this system, the vast majority of them will pay little to no inheritance tax due to exemptions.
As I have said previously... 100% behind the independent family farms. It's a question of food security. With climate change, growing risk of pestilence etc, it's good NOT to have all your eggs in one basket (with the multi nationals, and oversees private equety firms)
If you take out fruit uk farms produce about 13% of our food. Most of the population would starve to death if we only relied on them
Funny how food security didn't stop them voting for Brexit
Most of our food is imported anyway
Inheritance tax the royal family will save the whole country’s financial situation and make everyone happy! That easy!!
Great idea
That ''stUCK Farmer'' sign was legendary.
Privileged folks whining when the privilege is taken away
They need land for the millions coming to the country
95% of the country is undeveloped mate, take your Nazi conspiracies back to 1945, gammon.
What are you on about?
Hahaha bot comment
@steellio5526 how do you not know what he's on about?
Well hey, brexit means brexit
To the people who are writing things like "no one should have to pay inheritance tax" or " you get taxed 40% anyway"...let me make this clear so that the people at the back can hear me. Ahem...
YOU'RE NOT PAYING IT - BECAUSE YOU'RE DEAD!
I wondered why I felt so cold.
If I want to give someone 500 pounds and there's a 50% tax on that transaction I'd still have to work for an extra 500 so that 1000 gets transferred and 500 reach the other person.
So I'd have to work for that extra 500 regardless of how dead I am at the time of the transaction.
The figures of 25% of farms made no profit is so deceptive. Any accountant will tell you that you kick the profit out to the parents/kids as the farm would be taxed at a higer rate. What they also will tell you is because of interest and self incentive to highly leverage farms have been relying on land appreciation instead of profits. As an accountant myself this is 50% bullshit.
You obviously don’t do any accounts for small farms, particularly family livestock farms.
Was Jeremy arrested for voicing concerns...
I stand with our farmers!
So where should this money come from? Get it from poor again? We been footing the bill for 15 years. Now it’s the rich turn you see they don’t like it. There’s a reason there’s been no protests for 15 years. They haven’t been asked for anything. Just tax cuts!!!! A small proportion asked to pay and look at protests!!
lol, I bet you do.
F___ 'em.
Increase inheritance tax for the wealthy!
...because theft is ok when it's people I don't like!
They've already got all their wealth in a trust, they ain't going to pay a penny.
It's poor people that are going to be stuck with the bill.
Charlie charged the NHS 11 million over 15 years to park ambulances in a warehouse in Cornwall. That’s one warehouse in Cornwall. And all their/your money is kept offshore.
@@fredmercury1314No, the ones who can afford it. It’s not personal.
@@fredmercury1314
Yep
Oh boo hoo! A big group of entitled millionaire land owners complaining that £1,000,000 in assets means they are “struggling”. The average person has zero sympathy.
It's similar to the wealthy pensioners complaining about losing the Winter Fuel allowance they didn't need.
You have no concept of the reality of owning a farm. The turnover is low, but it's asset-rich - so if a farmer gives a property to their child, the annual income of £30 - £50k annually is then potentially taxed by 40%. If the child cannot afford to keep the business, the value of the business goes down dramatically and then they have very little from a business their family has toiled to work for decades.
Get it now?
@@gk2811 Indeed. I had my Dad & his wife moaning about that this week. They both have civil service private pensions. Both vote Tory. One of them bought their council house at massive discount back in the day.
They couldn't care less that young people are paying towards their state pensions & have none of the good times the pensioners once had.
If my croft was worth £1,000,000, it would be so small I would have to get a job in Tescos for batter pay
😂😂😂😂 BS .
Ummmm when my mum dies. Our family has to sale the house she brought. Farmers are like nah.
Does your mums house produce food? Is there important intergenerational knowledge that makes your mums house more effective at producing food?
Do you not care if food prices go up?
Animal farm in full swing
Privileged folks whining when the privilege is taken away
Wealthy landowners? We don’t get to choose the value of our land and it goes up irrespective of its profitability
So pleased to see them protest!
So am I.God bless the farmers ❤😊
Hilarious. All those who complained about Just Stop Oil blocking the roads...where are they now?
They are also tearing up greenbelt protection. The tax change is designed to force farmers to sell up to developers.
No, it's designed to help plug a financial black hole that the majority of farmers voted for. Why should the rest of us pick up the burden?
No it's not. That's total waffle. What next, 5G is going to boil our brains?
A lot of areas protected by the greenbelt protection are not areas worth protecting. Many are just grassland which contributes nearly nothing to the environment.
Why were they exempt from paying tax before hand?
So they could afford to keep it in the family and not have to sell off part of their farm to pay the government.
Most of the farms wealth is in machinery and land.
Half of farmers earn less than £25,000 a year.
A huge portion don't earn anything.
Because they're overwhelmingly Tory voters
Notice the 2 previous responses. One stated objective fact whilst the other spouts meaningless nonsense. This is why many people like myself who are not right wing can no longer support these people. It's nothing but hatred and greed for the wealth of others in typical socialist fashion.
Typical lefty’s
@@Mr_Jamin007come off it. A huge portion don't earn anything. Gtfo. There are more millionaire farmers than penniless ones
Farmers want it both ways, either run it as a business or a family home! If it is a home they get a good deal by paying less inheritance tax than Joe Public!
No. It is the consumer that wants it every way they can. Tax farms more and you should expect to pay more for your food in the supermarkets. 'Joe public' as you put it wants everything cheap, cheap, cheap. So, if you demand that farmers should pay their way, then so should Joe Public. Are you willing to pay more for your milk, meat and vegetables? I doubt it.
@andrewjones-productions only impacts those Wirth multiple millions, most likely not real farms
The issues are: no consideration for a continuation of farming, if a farmer dies passes on and then the inheritee dies, there is another tax bill and there is no credit for how much food security provides. If land is fallow for 30 years, absolutely tax them. If there is annual crops bearly making a profit due to prices, there should be credit for their work. Also, value is so overly inflated from factors outside farming.
So where was this attitude, say a year ago!
@@jakeblowers4485 what attitude? Discussion of a tax 12 months into the future?
'Food security' is just another meaningless catchphrase, like 'Project Fear' or 'Three times a day'.
Farmers voted for Brexit, will they be OK if we backdown from that?
Need farmers not Starmer
Need tax and not tax dodging farmers
@blazzz13 what to fund more wars and hand outs
@@danleesmighter9003 Like Mone?
wait until they find out about the brexit deal they voted for...reap what you sow
Ha ha ha ha ha ha ha ha ha!
There's nothing more biased than a think-tank.
Mr Lionel Ramsal🟥
Tory Voters and Brexiteers get exactly whats coming to them lol
Millions of peace protestors were ignored. A few thousand wealthy land owners should also be ignored. This tax only applies to assets in excess of £1m.
Agreed. Tax for the wealthy = bad. Jenny cide for natural gas & trade routes = “ooh jolly exciting: my BP shares will rise.” Disgusting & shameless.
Indeed. A bunch of posh private school nitwits squawking about having to pay their share should be ignored. They are still getting away with it.
In excess of 3 million for a married couple
Which is _most_ farms in the UK. _It's land used to grow food, not a cellar full of cash like Scrooge McDuck._
They're only wealthy on paper. In reality, they're far from wealthy.
@@fredmercury1314it’s not most farms though is it? Even the NFU is saying at most 1/3 of farms over time.
Do you have issues reading?
Save British Farmers!!!!..🏴🇬🇧🏴🇬🇧🏴🇬🇧❤️
Brexit fucked the farming industry
Geez! If I can be taxed 40% for earning over 54k then these idiots need to stop throwing a spaz! Welcome to the normal people world!!
I think you’re forgetting their overheads, cost of equipment etc etc. don’t think you have their costs to put up with
Plenty of rich people who live on farm properties who hardly do any farming. I've seen it with my own eyes by where I live. A few sheep and chickens maybe to be classified as a farmer. They can then pass on their wealth to their children without paying inheritance tax, that is till now. Me thinks Big head Clarkson knows this too so that's why he's now a farmer plus he's making a few extra quid from Flix. I do genuinely feel for genuine ful on farming families tho. We are heavily taxed for a crumbling nation. Where's all the money going???
@@richieiommi Can they just not tax land and equipment that's being used for farming but tax everything else? Then the tax dodgers would pay but farmers wouldn't.
@@lentilsoup460 no, they’d figure out another scam… growing grass or some such. This is the fault of greedy wealth hoarders. Farmers should be furious with those tax dodgers.
@@Tomallen2if they can't make a decent return on the 3 million plus assets they own then they could sell up and live off the interest which would be over £100k a year.
Stop defending the indefensible
If any of you are against the farmers then you clearly don’t understand the insidious nature of this land grab and how soft/hard assets work, and if you do, then go give your head a wobble
Ignore them. Some of them are paid assets. The British people are behind their farmers. Join the People's Food and Farming Alliance and you can do so too.
The Bill Gates boogie man. 😂
You don't think this narrative could have been spun to help them avoid tax. 😂
I think you underestimate the rich fella.
@@paulgibbons2320are you saying farmers are rich?
@@mdcclxxviepluribusunum1066what would you call someone with 3 mill in assets? Poor?
@mdcclxxviepluribusunum1066 I think when it comes to the media game.
80% of wealthy landowners and farmers use the 20% poor farmers as sandbags.
If inheritance tax is valid at all.
Then paying it on estates with a value million plus is not an unreasonable.
I'm 100% sure we would not get this much fuss if we taxed people living bill to bill and eating from food banks.
That I am sure of.
'The media never tire of finding ways to make taxing the weathy seem like a bad idea.'
It's a kind of magic trick, I think.
More whinging from rich people because their cherubs have to pay a bit of tax on their millions, poor things, my heart bleeds for them.
How long would you last without farmer food
Not much whining from Amazon etc....or don't they count in your world.
@@samanthapage2892 It doesn’t matter. How long would I last if a country invaded us and we needed the military? How long would I last without doctors, nurses, police officers when needed? Farmer’s are vital, no one’s saying they aren’t. But 99% of them are loaded, so I don’t care.
Don’t think most people know the only farms affected are the ones worth more than £1,000,000. Average person struggling to pay rent couldn’t care less about these whinging millionaires.
@@samanthapage2892you do realise the farm doesn’t disappear lol
I would feel empathy but then remember how they wanted Brexit in the first place. Very entitled and self serving group
So true, please resign yourself, Starmer
It wouldnt be a labour government if the landowners werent throwing theyre toys out of the pram
The irony of Clarkson openly admitting that he bought the farm to avoid paying inheritance tax.
So I can’t handover my million pounds property to my kids but farmer can handover their million pounds assets to their kids? How’s that fair?
Didn’t realise we have these many millionaire farmers.
So they don't like 20% when everyone else pays 40%? Tax break isn't big enough?
God I hate this government.
90% of the population hate this government, the only people who like them are newly arrived migrants, NHS workers , train drivers and benefits recipients
Im sure you hate lots of things.
Not as much as I hated the last government!
Farmers should pay taxes like everyone else. Tax avoiding damages UK economy Tories allowed it to happen.
farmers do pay tax, they also earn very little for doing a job most don't want, the wealth is in the land not in the bank
@@johnthick2298 Well if they don't make much, they will pay very little TAX
@@Setinmywaysalways why should anyone pay inheritance tax, what did the government do. in farming the wealth is in the land, you'd have them sell a portion of the land to pay the tax, do they not already pay land tax
@@johnthick2298if it were a factory with low turnover, but a bricks & mortar premises that holds great value, would this not be the same?
@@johnthick2298 We all need to pay - No exceptions!
Braindead people in the comments probably don't even know what IHT is or how it even affects farmers and are getting angry at Labour. Hilarious.
Exactly. If the rich don't pay inheritance tax then the rest of us have to pay more.
Brain dead bootlickers on here
heard a young women say that imposing inheritance tax for farmers will disrupt their ‘lifestyle’…..surely that applies to everyone in the country who inherits property. By that measure, If you are going to stop inheritance tax, it must be for everyone. Why must farmers be excluded?
They shouldn't be. The inheritance tax should be abolished immediately.
Honestly, I get that the government is broke and needs more tax revenue. But crippling our future food supply when the world is getting more isolated and dangerous is a really stupid move.
Maybe go after the actual wealthy tax dodgers who are using farmland for tax purposes, or tax big supermarkets who have made record profits in recent years?? Just a thought
As a farmer, I'd support that
@@rozza4671 the farm land doesn’t disappear when farmers pay tax
@@pmcgktrit often gets taken out of food production and used for golf courses, forestry (and carbon credits), solar farms etc.
@ ok and when there’s not enough farms prices will rise, incentivising new farms to start up and equilibrium will be reached again. Problem solved, economics
My worry is food security for the uk .. glad i have an allotment!
Since the the 1800's the UK has had no food security.
We will always have food no need to worry
The issue is that when those difficult times come, the hungry won't care "do not tresspass" warning. This is on the whole society, not individuals.
@@Ploplox "Headline. In 2020, the UK imported 46% of the food it consumed. No one country provides more than 11% of those imports, a picture which has been stable for some time. By value, £48 billion of FFD was imported and £21.4 billion was exported"
We can have food security back any time we like if we rejoin the EU Single Market. The EU can feed itself and then some. But the UK will never be able to feed itself. We will always rely on imports unless we rejoin the EU.
All these farmers that dont get that they wont end up paying it. But its ok just you be clarkson and the rich farmers puppets
The data the government used to band family farms was inaccurate tbh
@@oldmcdonald6319based on what??
Clarkson bought a farm to avoid tax. Read his interview in 2021. Farage and johnson sold brexit as a bonus for farms but that was not true. People stood around on tbis march clapping the tories. Who reformed backed. It was them that put farms in so much trouble. Trouble being a lot of farmers vote tory. Now they have only labour to point a finger at.
Privileged folks whining when the privilege is taken away