Mr Dyson is cleaning up..!

[Pilatus]

[QUOTE="Devil's advocate, post: 4831266, member: 1504"


Just tax these very rich people to pay for the things we all need like farm subs, NHS, schools, defence etc. But not so much that they leave the country & pay no tax.[/QUOTE]

Off topic.
Am I correct in thinking. Sir Philip Green pays little tax, due to his companies being actually in his wife’s name and she is foreign and lives abroad???

 

[76masseyman]

How many ways altogether?

5

 

[digger64]

No different to businessmen and merchants buying land in the 1700s and 1800s is it really?

I think they have to farm in hand to get the tax advantages now would the main difference if any

 

[Pilatus]

5

It must be very hard for any farming family to face up to "farm succession" knowing full well that in reality the farm/estate is going to have to be sold, to satisfy the financial needs of the those that want out whether it be 2 or 5 etc. Know doubt some TFF members are having to face up to that situation now or in the not too distant future.

 

[dstudent]

Some will admit their.....(word beginning with G that I may get in trouble if I use again ).......some won't simple as that really
I never said he should not buy it or should be prevented from doing so

Hope this is ok @Shutesy as I was tagged

So is Dyson a greedy bugger or not??
I m still very confused about this point

@Henarar

 

[David.]

Seems a shame that one generation can sell it up.
The management of estates ought to revolve around preserving the asset, for future generations to have the opportunity that perhaps the current one do not value sufficiently highly.

 

[Honest john]

How many ways altogether?

There are 4 children,

My own opinion is it should be keep in the family, the children all have jobs & should they stop farming would still have income from the estate to top up their own.

They probably won't find a better asset class to invest in long term, currently tax friendly.

But it's non of my business so I wish them well, it's just as well we all think differently or good land would never be for sale.

 

[Devil's advocate]

Seems a shame that one generation can sell it up.
The management of estates ought to revolve around preserving the asset, for future generations to have the opportunity that perhaps the current one do not value sufficiently highly.

It would be a real shame if people who really wanted to farm or invest in farming, never got the chance because no one sold out of a sense of mis placed duty.

 

[two-cylinder]

• 
  Division
  • 
    by Edgar Guest (1881-1959)
  You cannot gather every rose,
  Nor every pleasure claim,
  Nor bask in every breeze that blows,
  Nor play in every game.
  
  No millionaire could ever own
  The world's supply of pearls,
  And no man here has ever known
  All of the pretty girls.
  
  So take what joy may come your way,
  And envy not your brothers;
  Enjoy your share of fun each day,
  And leave the rest for others.
  
  
  

 

[Henarar]

So is Dyson a greedy bugger or not??
I m still very confused about this point

@Henarar

I think he and everyone on here knows the answer to that if they really think about it

 

[Pilatus]

Seems a shame that one generation can sell it up.
The management of estates ought to revolve around preserving the asset, for future generations to have the opportunity that perhaps the current one do not value sufficiently highly.

Does having the farm or estate owned by a “trust”help preserve the perpetuity of the farm or estate, obviously depending how the trust is set up??

 

[Princess Pooper]

How interesting I hope someone post details, could be really interesting with cover crops so in vogue. I thought Mr Dyson bought an estate with a large dairy enterprise in Gloustershire.

http://www.beeswaxdyson.com/ they certainly have beef cattle and sheep.

 

[Devil's advocate]

http://www.beeswaxdyson.com/ they certainly have beef cattle and sheep.

My internet must be faulty, I can only find we are using manure, no mention of the actual stock, which is a shame. I'm interested in arable/sheep systems.

 

[DrWazzock]

Back in the 1800's outside money poured into agriculture here.

But rather than farm the land in hand, the landlord investors built state of the art holdings for tenants. This farm here was one such farm with a brand new pan tiled cattle yard with lath and plaster ceilings in the stables, fires places for drying the harnesses and a good few other such luxuries. They extended the farmhouse to accommodate the workers. And it was let to tenants. The same was done all over the estate here with new holdings created and much spent on drainage.

Gradually the tax system was changed to penalise such systems. So during the last 50 years farmsteads have been bulldozed as tenancies expired and the land was was reamalgamated and farmed in hand as this was encouraged by the tax rules in inheritance.

The whole thing is government driven really. Much more could be done to encourage truly beneficial investment in the countryside which would provide starter farms for new entrants and breathe real life into rural communities.

 

[DrWazzock]

There are 4 children,

My own opinion is it should be keep in the family, the children all have jobs & should they stop farming would still have income from the estate to top up their own.

They probably won't find a better asset class to invest in long term, currently tax friendly.

But it's non of my business so I wish them well, it's just as well we all think differently or good land would never be for sale.

That's what I thought when I read the piece in the FW which is in the public domain. I couldn't think of a more tax efficient and secure home for their legacy than in the present land and business, but I'm sure they'll have good reasons for their decision which hasn't been taken lightly.

 

[digger64]

That's what I thought when I read the piece in the FW which is in the public domain. I couldn't think of a more tax efficient and secure home for their legacy than in the present land and business, but I'm sure they'll have good reasons for their decision which hasn't been taken lightly.

Maybe they have more interests in life than saving tax !

 

[Sussex Martin]

Does having the farm or estate owned by a “trust”help preserve the perpetuity of the farm or estate, obviously depending how the trust is set up??

And who runs it.

 

[Sussex Martin]

That's what I thought when I read the piece in the FW which is in the public domain. I couldn't think of a more tax efficient and secure home for their legacy than in the present land and business, but I'm sure they'll have good reasons for their decision which hasn't been taken lightly.

They may each have plans of their own and need the money to invest in their own business ideas. Cash poor and asset rich is only appealing to farmers it would seem.

 

[caveman]

That's what I thought when I read the piece in the FW which is in the public domain. I couldn't think of a more tax efficient and secure home for their legacy than in the present land and business, but I'm sure they'll have good reasons for their decision which hasn't been taken lightly.

They may each have plans of their own and need the money to invest in their own business ideas. Cash poor and asset rich is only appealing to farmers it would seem.

They may even all want to invest in their own Individual parcels of land elsewhere.

 

[unlacedgecko]

you think he would swop ? what he owns in the way of land for what I own ?
he is a greedy bugger

Perhaps you would like to prove how ungreedy you are and swap with me?