200 acres +
I think there is a difference between a business / Ltd Co. ,and real estate property in the eyes of the revenue which is were apr becomes relavent but I' m not sureif any business owning person passes on the business to there chilApr n the transfer is iht exempt
Dyson does not need to buy a farm business to do this he can qulfiy for iht relief on any business he owns farms are not unique in this
And do you not see the connection between the likes of dyson buying up all the assets and your inability to purchase any assets?Why do I feel strongly about this? It's some of the larger farmers who give people from outside farming the opportunities. Not to own a farm, but to have a prolonged and satisfying career in farming, perhaps as a manager with substantial opportunities, or another valued member of a team. Some of us know when we are growing up that because Daddy does not have a farm,owned or rented, then it is a lot harder to get into the industry. It is getting easier to get farm work now as so few want to do it, but when I and my brothers were growing up, for those of us who wanted to work in the industry, it was much harder unless you came from a farming family. We did find work and became valued team members on much larger than average units, where they invested in us with training and personal development. They also had businesses outside of farming and a much broader view of the world. Coming from a hard-up family whose parents couldn't even afford to buy a house until well into their 40's, the chance of getting our own farm was pretty slim. So thank God that people like James Dyson are prepared to invest their hard earned money into the industry, even if it is for tax reasons, there is a real interest and commitment behind it.
Just because someone questions the wisdom of a farmland free for all does not make them jealous or resentful.Some of the posts on this thread are a disgusting advert for the people and attitudes both on this forum, and reflective of agriculture as a whole.
To be jealous of success reflects poorly on the poster. It comes across as bitter and resentful. Especially so when most of the people on here collect some of the 3 billion pounds (just let that figure sink in... £3 BILLION) of public money which is given away every year, the majority simply for owning land worth millions in the first place. Can you imagine what the average man in the street would think, that these rich and publicly funded farmers are complaining that someone from outside is audacious enough to enter the industry using their own, self made money.... It feels a bit like the publicly funded mafia trying to keep outsiders away so he doesnt take some of their money.
As someone else has said, not all of us are lucky enough to be born with a silver spoon, sorry farm.
Nobody has the right to farm, equally nobody should be prevented from farming if they are able to do so. Dyson has the means to do so because he's been successful elsewhere, and who cares if he using the land as a tax dodge, or to make a profit (FYI it is very firmly the latter - I know that), but what business is it of anyone else anyway?
This thread makes me genuinely sad, its very disappointing and yet another terrible advert for the industry. We should celebrate success, not deride it.
Anything over about 8 acres probablyWhat size would be classified as greed
Here bloody Here to thatJust because someone questions the wisdom of a farmland free for all does not make them jealous or resentful.
yes you are right many make a good living of that so it may well be greedy to have moreAnything over about 8 acres probably
He is just protecting his money from IHT , so that the government doesn't take half of it awayHe don't want the land he don't need the land he is just hiding his money
Greedy bugger
I don't care about his money that's not the point nor is the taxHe is just protecting his money from IHT , so that the government doesn't take half of it away
He obviously wants it or he wouldn't buy it ,I don't care about his money that's not the point nor is the tax
well yes those with a greed for something usually do want itHe obviously wants it or he wouldn't buy it ,
Its all been don before, never lasts long term, so nothing to worry about.The argument for me is purely about the loss of opportunity for small independent farmers to get into the industry. I couldn't care less how much money Mr Dyson has or what his tax problems are.
I also find it strategically risky for the country as a whole to put all their eggs in a few large baskets. What happens if he sells out to the Chinese and they bring their own staff over. Won't be so cosy then for all the hangers on just like it wasn't so cosy for his British workers when he moved his manufacturing plant to Malaysia.
This thread shows everything that is wrong about modern capitalism. A couldn't care less attitude for the well being of ones fellow men.