Large scale theft by Starmer.... land crash inevitable??

[Bossfarmer]

i came across a tik tok video done by Gareth Wyn Jones yesterday in which he said hes hearing it across the board...labour are now intent on removing IHT relief on farmland, to effectively capture a chunk of all land owners wealth,

any farmers who die owning their land during labours term in government will be forced to sell a portion of land to cover the IHT bill, this this will surely lead to a fairly substantial drop in land values? 20-30%?

i thought he may have been making this up for views but researching has led me to believe this labour party is far more extreme than first thought, it seems they are coming for everyones wealth and blaming it on the tories putting the country in a deficit, starmer has said those with the broadest shoulders should bear the heaviest burden, the core labour voters will back this move 100% ive been reading a lot of their comments online

also anyone with a 2nd home will have over 50% capital gains tax to pay, larger ni contributions out of their rental income
iht threshold for everyone else to be dropped to 125k

 

[Kidds]

I am not suggesting that Labour are going to do anything good but FFS! all this speculation is getting ridiculous.
Russian propaganda couldn't be more disruptive than everyone gossiping and spreading rumours the way they are at the moment.
Wait until the budget and deal with what we have actually got rather than all this shite.
I even wonder if all this isn't being spread by Labour themselves so after the budget the majority will say Oh well that wasn't as bad as we were expecting.

 

[essex man]

I am not suggesting that Labour are going to do anything good but FFS! all this speculation is getting ridiculous.
Russian propaganda couldn't be more disruptive than everyone gossiping and spreading rumours the way they are at the moment.
Wait until the budget and deal with what we have actually got rather than all this shite.
I even wonder if all this isn't being spread by Labour themselves so after the budget the majority will say Oh well that wasn't as bad as we were expecting.

Yep, it's all just clickbait and kite flying

 

[MrNoo]

Most labour voters (who actually admit to it on Twatter) are saying they wished they never voted for them. One chap locally, an old stone waller who had a Labour sign in his garden turned up in the yard the other day to see the mechanic, had the pee taken out of him remorselessly, asked how his winter fuel payment was coming along..... Needless to say he didn't stay long.
The greed within the party will destroy it internally, it's all about the perks and money for them, nothing to do with public good.
I don't reckon he'll last till Christmas.

 

[BRB John]

Enough of this torrie old wives stirring the pot.
I'll count my chickens onces they've hatched thank you very much.

 

[BRB John]

Most labour voters (who actually admit to it on Twatter) are saying they wished they never voted for them. One chap locally, an old stone waller who had a Labour sign in his garden turned up in the yard the other day to see the mechanic, had the pee taken out of him remorselessly, asked how his winter fuel payment was coming along..... Needless to say he didn't stay long.
The greed within the party will destroy it internally, it's all about the perks and money for them, nothing to do with public good.
I don't reckon he'll last till Christmas.

Garbage delete that shite excuse for an app it's not good for you.

 

[livestock 1]

They have added 3bn to the national debt in a month we are now borrowed over 100% of gdp

 

[Bossfarmer]

I am not suggesting that Labour are going to do anything good but FFS! all this speculation is getting ridiculous.
Russian propaganda couldn't be more disruptive than everyone gossiping and spreading rumours the way they are at the moment.
Wait until the budget and deal with what we have actually got rather than all this shite.
I even wonder if all this isn't being spread by Labour themselves so after the budget the majority will say Oh well that wasn't as bad as we were expecting.

i thought the same as you until i started looking more into it now im thinking its 50/50 on whether or not they do it, its like theft everyones farm could be worth 25% less in a few years time

meanwhile driving through town earlier a head of dolers hanging about a bus shelter smoking while i pay for their lifestyle

 

[livestock 1]

The only way to improve the financial situation is to assist the economy into more productivity
Not that complicated

 

[Bossfarmer]

Enough of this torrie old wives stirring the pot.
I'll count my chickens onces they've hatched thank you very much.

it could be too late by then, if your kids are old enough get at least some of it transferred now incase the worst happens and theyre left in a mess

 

[serf]

it could be too late by then, if your kids are old enough get at least some of it transferred now incase the worst happens and theyre left in a mess

And then you need to hope everyone dies " in the correct order "
And don't get divorced and don't go AWOL ect ect ect

 

[pellow]

Unless they remove BPR it won't affect active farmers

 

[livestock 1]

They are going to stop anyone gifting land and property it’s going to be taxed over £5000

 

[livestock 1]

If land is to be taxed at 40% at death it would be better sold

 

[Bossfarmer]

They are going to stop anyone gifting land and property it’s going to be taxed over £5000

where did you hear this

 

[Bossfarmer]

And then you need to hope everyone dies " in the correct order "
And don't get divorced and don't go AWOL ect ect ect

very true, if its your intention to give the next generation a fair start though and theres a guaranteed 40% tax to pay eventually if you do nothing then it could still be worth the risk

 

[livestock 1]

where did you hear this

I just read what they had planned
If they meddle with apr relief they will have to alter bpr and cgt and gifting otherwise we would use the other options

 

[betweenthelines]

i came across a tik tok video done by Gareth Wyn Jones yesterday in which he said hes hearing it across the board...labour are now intent on removing IHT relief on farmland, to effectively capture a chunk of all land owners wealth,

any farmers who die owning their land during labours term in government will be forced to sell a portion of land to cover the IHT bill, this this will surely lead to a fairly substantial drop in land values? 20-30%?

i thought he may have been making this up for views but researching has led me to believe this labour party is far more extreme than first thought, it seems they are coming for everyones wealth and blaming it on the tories putting the country in a deficit, starmer has said those with the broadest shoulders should bear the heaviest burden, the core labour voters will back this move 100% ive been reading a lot of their comments online

also anyone with a 2nd home will have over 50% capital gains tax to pay, larger ni contributions out of their rental income
iht threshold for everyone else to be dropped to 125k

Taxing the wealthy rather than the poor? What a novel idea!

The reality will be that landowners will transfer their land to the next generation to avoid tax and second home/btl ownership will reduce-perhaps even to the point where locals can afford to buy.

 

[Bossfarmer]

Taxing the wealthy rather than the poor? What a novel idea!

The reality will be that landowners will transfer their land to the next generation to avoid tax and second home/btl ownership will reduce-perhaps even to the point where locals can afford to buy.

theyll be unable to get reliefs to gift it either

 

[livestock 1]

That won’t happen the land will be sold and the corporations will buy it for carbon offset and get paid to do so
Just what they want