Family perks from the farm.

[pgk]

I get free firewood .

In my experience no such thing as free firewood, always a lot of work!

 

[Hampton]

I can picture the day when you have said to the wife "sorry can't afford to take the family to megadisneyeuroparkmiami and she says "well, you can pay your sister". This is the tiny scratch that ends in bloody divorce.
End it now. Paying your sister that is, not your marriage.

Haha, I know what you mean, but life’s to short for all that mither

 

[Robt]

I get a house, CT paid for and elec/heating oil, farm truck (12k) and think that's about it, shooting but then I finance that. I pay for all my fuel and that's about it No Countrywide account or anything like that, we used to when father was down here, I bought a pair of socks on "account" and bugger me he turned up a month or so later demanding me pay the £5-99 for the socks!!! But it was ok for them to pretty much run their house via Countrywide products bought on the farm account! I laugh now about it and did then, thought he was taking the pee but was deadly serious!!

that’s about £20k per year!!! And you say that’s all you get
Do you pay BIK on the farm truck?

 

[Hampton]

that’s about £20k per year!!! And you say that’s all you get
Do you pay BIK on the farm truck?

Wow £20k! He must be robbing the place!
Pray tell, what do you earn per year?!

 

[Robt]

Wow £20k! He must be robbing the place!
Pray tell, what do you earn per year?!

If he doesn’t take a wage then fair enough! Do you take a wage ?

 

[Bloders]

Why ? just because it comes out of the farm account doesnt mean its not accounted for as a private expense in the farm tax accounts

but i bet they are not!

 

[Hampton]

Which brings me to the point, I was talking to a rep for a firm recently who is in 30’s. the rep was bad mouthing an Ahdb report which was talking about profitability of sheep in a 500 flock. The ahdb had put a nominal salary for the farmer of £30k.
The rep was telling me how unrealistic it was as how many sheep farmers would take a salary like that!
The irony of the reps salary probably being higher was only lost on one of us, and it wasn’t me!

 

[Hampton]

If he doesn’t take a wage then fair enough! Do you take a wage ?

Yes

 

[Robt]

As I use my own name rather than a user name , I won’t mention my salary, only 40% tax and BIK on a commercial , I pay tax on my fuel that I use for private use. I’m just saying that £20k of housing and bills is after tax no before so more like £30k per annum benefit

 

[Wellytrack]

I get free advice....

 

[bobk]

If he doesn’t take a wage then fair enough! Do you take a wage ?

Nope , just the firewood . and I'm the boss .

 

[Robt]

Nope , just the firewood . and I'm the boss .

Do you have an off farm job then? How do you buy a packet of crisps and a pint?

 

[bobk]

Do you have an off farm job then? How do you buy a packet of crisps and a pint?

No , and don't .

 

[Robt]

So if you don’t pay yourself a wage, then how do you buy anything? Come on tell us all how to live with no food etc...

 

[bobk]

 

[Yale]

To be honest I’d seriously think about swapping with my sister.

Eventually,she’ll get a wad of cash,I’ll get a farm,a bit like a ball and chain as I could never sell it.

 

[rob1]

but i bet they are not!

If they use an accountant to prepare their tax returns I bet they are, if they like me, do all returns themelves its up to them what they do but IMO its not worth the risk of getting found out if you have an inspection,

 

[little_p]

Round this way I'm not sure that Young Farmers Clubs would survive without the farm buying a car for the non-farming daughters and giving them as much free diesel as they can use.
Maybe it is recompense for all those childhood hours working on the farm?

 

[DRC]

So if you don’t pay yourself a wage, then how do you buy anything? Come on tell us all how to live with no food etc...

He’s a kept man

 

[Sonoftheheir]

We use a proper accountant and everything goes through the books and is taxed accordingly.

All I wanted to know was does it go on elsewhere.