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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
Help needed regarding benifit pension payback !
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<blockquote data-quote="Dry Rot" data-source="post: 6041806" data-attributes="member: 4505"><p>I think if you own land, the authorities can require you to sell off part, if that can be done practically. I was 'assessed' and they were very interested that I might have some land that I could sell off, but as I am ring fenced with the house virtually in the middle, that isn't practical and I got let off!</p><p></p><p>So if you're getting old. my advice would be to spend it before the vultures descend! If it's not the tax man or avaricious relatives, it will be social security wanting payment up front for your place in an old people's home! Oh, and whatever you do, young people, don't save! </p><p></p><p>My executors <a href="https://thefarmingforum.co.uk/index.php?members/highland-mule.33090/" target="_blank">Highland Mule</a> better bloody well do what it says in my will or I'll be coming back!</p><p></p><p>Watched the NZ film, "Hunting the Wilder-people" on TV last night and I'm seriously thinking of escaping and going 'bush'......</p><p></p><p>(There's a hint in the screen name).</p></blockquote><p></p>
[QUOTE="Dry Rot, post: 6041806, member: 4505"] I think if you own land, the authorities can require you to sell off part, if that can be done practically. I was 'assessed' and they were very interested that I might have some land that I could sell off, but as I am ring fenced with the house virtually in the middle, that isn't practical and I got let off! So if you're getting old. my advice would be to spend it before the vultures descend! If it's not the tax man or avaricious relatives, it will be social security wanting payment up front for your place in an old people's home! Oh, and whatever you do, young people, don't save! My executors [URL='https://thefarmingforum.co.uk/index.php?members/highland-mule.33090/']Highland Mule[/URL] better bloody well do what it says in my will or I'll be coming back! Watched the NZ film, "Hunting the Wilder-people" on TV last night and I'm seriously thinking of escaping and going 'bush'...... (There's a hint in the screen name). [/QUOTE]
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Help needed regarding benifit pension payback !
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