Philip Bealing
Member
- Location
- South West
What will happen to land values if inheritance tax is got rid of ?
End of inheritance tax ?
- Thread starter Philip Bealing
- Start date
spin cycle
Member
- Location
- north norfolk
they will fall and that would be good
- Location
- Aberdeenshire
How? Surely it would go up?
serf
Member
- Location
- warwickshire
Anyone would think there is a GE on the way and the "Tories
" have thought they better act a bit Tory ....
Rich_ard
Member
Id be weary of what they replaced it with. The Americans did something with what was called a death tax. Got rid if one and replaced it with another. Can't remember now the details. Sneaky politicians.
Stw88
Member
- Location
- Northumberland
might stop non farming city money outbidding genuine farmers for land?
- Location
- Lincolnshire
Nothing. Inheritance tax is for those who don't plan properly or die suddenly with no life insurance.
spin cycle
Member
- Location
- north norfolk
farmland is a 'hidey hole' for money away from iht...if it's abolished ag land ,in theory, reverts back to reflect it's earning potential
that said there are other 'bullish' factors such as 'co2 offsetting/green washing'...lifestyle and even mark twain?..'they ain't making anymore'
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Nearly
Member
- Location
- North of York
Money would still invest in land or gold or property as a better option than pieces of paper or numbers on a printout.
Rich_ard
Member
Land is part if the planning. No iht no need to be a farmer
Will Blackburn
Member
- Location
- Cheshire
Still got roll over to keep land value’s strong.
lloyd
Member
- Location
- Herefordshire
There is nothing to stop you donating 10% to the donkey sanctuary
right now .You dont have to include or wait for the rest of us.
Headless chicken
Member
- Location
- West Wales
But why. They’ve taxed every bit of it already. If I choose to work 100 hours a week to make a better life for my kids why shouldnt they benefit instead of someone who spokes 100 a day and is on holiday every other month
serf
Member
- Location
- warwickshire
Yes it'll start at 10%
then up up and up it goes as each and every gov use it as a cash point .....
What it might do, is stop these contract farming shams, designed to keep the landowner 'farming'. Whether that's a good thing or not, I don't know. On the one hand, they provide opportunity for people starting out, on the other, I know of landowners who would otherwise let land out on a sensible length tenancy, but don't because of IHT
kiwi pom
Member
- Location
- canterbury NZ
No inheritance or capital gains tax here, land still fairly expensive.
- Location
- Aberdeenshire
Are you sure?
I thought contract farming became a think in Scotland anyway after the government gave tenants the right too buy and heavily favour tenants rights so now all landlords are too terrified to let ground in anyway incase the tenant claims a tenancy on the land and the land owner loses his farm.
Will that maybe encourage the older generation to hand over the farm any earlier to the next generation?