Inheritance....More money more problems

czechmate · Dec 27, 2019

Hilly said:
WELL GO THEN AND TAKE YA sh!t POLITICS WITH YOU.

I’m sure he would do very well here

For folk with some work and knowledge in them, it’s quite a doddle.

Hilly · Dec 27, 2019

czechmate said:
I’m sure he would do very well here
For folk with some work and knowledge in them, it’s quite a doddle.

Good , as it should be but socialism here has eroded that the won’t works get more buck fast tokens than the bloody workers.

Veryfruity · Dec 27, 2019

Easy to point out the errors of others, what are we to do............?

The problem is concentrated around the main asset of the farm. And we all tend to concentrate and invest in our farm, exasperating the problem. I see the solution as having a range of assets.

I am in France so my kids will inherit equally under the Code Napoleon, but that still leaves the one farm, that is one family living, to be divided in four.

Our mortgage finishes in a couple of years and I would like to invest off farm with buy to let’s for students. I would like to build up enough to provide both a retirement income for us and assets that can be divided more easily.

We are deliberatly continuing to improve farm output without expanding acreage, growing fruit and veg helps in this respect.

If one of the kid’s wants to farm I would prefer them to work away building up experience and self worth. (A manager manages on merit.)
They could then buy the farm on gentle terms.

And at the end our estate is easily divisible.

I believe Neither family nor a farm should be divided.

glasshouse · Dec 27, 2019

steveR said:
Miss out No.2 and you can put my name to that list too...

Language is the scarey one for me. However, I know/knew two famers who moved to France 10-15 years ago and seemingly thrived. The one had not a word of French, but huge drive and motivation which counts for a hell of alot.

Just watch a few episodes of allo allo!

Henarar · Dec 27, 2019

glasshouse said:
The trouble with that is that relative values change
Farmhouses used to be worth more than the land, not now

At one time you bought the land and if there was a house on it well so there was, several houses fell down round here cos nobody wanted them but the land round them was still wanted

Pond digger · Dec 27, 2019

glasshouse said:
Just watch a few episodes of allo allo!

The Policeman?

glasshouse · Dec 27, 2019

Pond digger said:
The Policeman?

Yes?

glasshouse · Dec 27, 2019

I was just pissing by!!

glasshouse · Dec 27, 2019

Veryfruity said:
Easy to point out the errors of others, what are we to do............?

The problem is concentrated around the main asset of the farm. And we all tend to concentrate and invest in our farm, exasperating the problem. I see the solution as having a range of assets.

I am in France so my kids will inherit equally under the Code Napoleon, but that still leaves the one farm, that is one family living, to be divided in four.

Our mortgage finishes in a couple of years and I would like to invest off farm with buy to let’s for students. I would like to build up enough to provide both a retirement income for us and assets that can be divided more easily.

We are deliberatly continuing to improve farm output without expanding acreage, growing fruit and veg helps in this respect.

If one of the kid’s wants to farm I would prefer them to work away building up experience and self worth. (A manager manages on merit.)
They could then buy the farm on gentle terms.

And at the end our estate is easily divisible.

I believe Neither family nor a farm should be divided.

Where?

Veryfruity · Dec 27, 2019

South near Narbonne.

capfits · Dec 27, 2019

Hilly said:
WELL GO THEN AND TAKE YA sh!t POLITICS WITH YOU.

Is there any need for that?
Grow up man and get a grip of yourself.

Hilly · Dec 27, 2019

capfits said:
Is there any need for that?
Grow up man and get a grip of yourself.

pee off.Every need for it.

TripleSix · Dec 27, 2019

This sums it up perfectly.

Sit and listen.

Purli R · Dec 27, 2019

unlacedgecko said:
No thanks. There not locales I'd choose to live in. But such properties can be great buy to let investments.

Houses aren't just places to live, their excellent wealth building assets when managed correctly.

Agree with you there

glasshouse · Dec 27, 2019

multi power said:
Thankfully I have never been, I plan to go one day so I can pay my respects to those who died in securing our freedom, no other reason to want to be there

you have never been to france?? and yet you hate the place?

Donkey Oaty · Dec 27, 2019

glasshouse said:
Boris may scrap iht relief which will crash land values before trumps wheat floods us

Boris is more likely to increase the IHT threshold to a more realistic figure like 1m. This would have an effect on land values too as there would be less incentive for outsiders to invest in it.
It is, after all, an illiquid low yielding asset.

glasshouse · Dec 27, 2019

Donkey Oaty said:
Boris is more likely to increase the IHT threshold to a more realistic figure like 1m. This would have an effect on land values too as there would be less incentive for outsiders to invest in it.
It is, after all, an illiquid low yielding asset.

It would be better if he scrapped iht altogether then

Donkey Oaty · Dec 27, 2019

glasshouse said:
It would be better if he scrapped iht altogether then

Politically unacceptable.

glasshouse · Dec 27, 2019

Imagine the furore, tory landowners beggng boris not to cut inheritance tax

Lincs Lass · Dec 27, 2019

unlacedgecko said:
No one outside farming does long hours or hard physical labour.

Come join me for a day ,,ill soon prove you wrong

Inheritance....More money more problems

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