Why buy acres??

[Flatland guy]

Quite the reverse...

Labour has 'no intention' of changing APR says Shadow Defra Secretary

Following an NFU briefing, Shadow Defra Secretary Steve Reed has confirmed the Labour Party has no plans to change inheritance tax including APR (Agricultural Property Relief), if it was to win the next election.

www.nfuonline.com

Labour rules out scrapping inheritance tax relief for farmland

Plans welcomed by landowners but could constrain party’s fiscal headroom if it wins power next year

www.ft.com

Interesting. IIRC in September/October labour published a document that stated they was going to doing some tinkering. It is political vote catching and as usual there are lies, damned lies and statistics floating around. The bit with the NFU is sticking out the shadow Defra secretary he may or may not be there after an election or in a different role completely but if the shadow chancellor/treasury people have confirmed that perhaps a better outlook on rates not being tweaked etc.

The current UK Gov was doing a review of IHT on land etc now it could well be both parties have a bit of inside info(civil servants leaking info etc) of what is happening to that review, I do not know.

Cannot read the Financial Times link but one was from the NFU (interesting to note that no quote in that media announcement was from a Labour source only NFU people ) and one from FT which again could be misinterpreted be better if they was direct from labour documents headings etc. The devil is in the detail!
All MP's or potential MP's do not speak the truth it is just a case of what they backtrack on, if they become elected etc. and if they are not elected, no problems!

 

[ollie989898]

"A bill for £50 in burger king would stop families going there for Sunday roast and quite right too".... that would surely reduce staff requirements if not viability.. I am playing devil advocate though, there are far too many food and drink outlets and they provide far too little to our economic activity.

Switzerland manages. About the only thing they do there is make chocolate and sell finance.

 

[ollie989898]

Interesting. IIRC in September/October labour published a document that stated they was going to doing some tinkering. It is political vote catching and as usual there are lies, damned lies and statistics floating around. The bit with the NFU is sticking out the shadow Defra secretary he may or may not be there after an election or in a different role completely but if the shadow chancellor/treasury people have confirmed that perhaps a better outlook on rates not being tweaked etc.

The current UK Gov was doing a review of IHT on land etc now it could well be both parties have a bit of inside info(civil servants leaking info etc) of what is happening to that review, I do not know.

Cannot read the Financial Times link but one was from the NFU (interesting to note that no quote in that media announcement was from a Labour source only NFU people ) and one from FT which again could be misinterpreted be better if they was direct from labour documents headings etc. The devil is in the detail!
All MP's or potential MP's do not speak the truth it is just a case of what they backtrack on, if they become elected etc. and if they are not elected, no problems!

If Labour were to promise to ditch IHT I should think they would collect up a lot of otherwise serious/long term Tory voters who have long since realised the Conservatives have done nothing for years.

 

[farmerm]

Switzerland manages. About the only thing they do there is make chocolate and sell finance.

sell finance or launder dirty money....

 

[ollie989898]

sell finance or launder dirty money....

Correct, that is the UK to a T what with half of London being owned by Russians.

 

[neilo]

Interesting. IIRC in September/October labour published a document that stated they was going to doing some tinkering. It is political vote catching and as usual there are lies, damned lies and statistics floating around. The bit with the NFU is sticking out the shadow Defra secretary he may or may not be there after an election or in a different role completely but if the shadow chancellor/treasury people have confirmed that perhaps a better outlook on rates not being tweaked etc.

The current UK Gov was doing a review of IHT on land etc now it could well be both parties have a bit of inside info(civil servants leaking info etc) of what is happening to that review, I do not know.

Cannot read the Financial Times link but one was from the NFU (interesting to note that no quote in that media announcement was from a Labour source only NFU people ) and one from FT which again could be misinterpreted be better if they was direct from labour documents headings etc. The devil is in the detail!
All MP's or potential MP's do not speak the truth it is just a case of what they backtrack on, if they become elected etc. and if they are not elected, no problems!

The FT article was citing the shadow environment secretary's speech at the CLA conference (so the bashers can't even blame the NFU for it). From that article...

The Labour party has ruled out scrapping inheritance tax relief for farmland if it wins the next general election, in a move welcomed by landowners but that would limit its future tax-raising options. Shadow environment secretary Steve Reed said on Thursday that he would not axe agricultural property relief (APR), a tax loophole that allows landowners to pass down their farms to their children tax free, should a Labour government come to power. Speaking at the Country Land and Business Association (CLA) conference, Reed was asked whether Labour intended to get rid of the tax break. He replied, “we don’t”, adding, “we have no intention of changing APR”.

 

[farmerm]

Correct, that is the UK to a T what with half of London being owned by Russians.

well at least that should dissuade them from ever launching nukes

 

[ollie989898]

well at least that should dissuade them from ever launching nukes

I see what you are saying. In the event of WW3 Birmingham, Manchester and Leeds are gonna get it.

 

[Hilly]

The FT article was citing the shadow environment secretary's speech at the CLA conference (so the bashers can't even blame the NFU for it). From that article...

The Labour party has ruled out scrapping inheritance tax relief for farmland if it wins the next general election, in a move welcomed by landowners but that would limit its future tax-raising options. Shadow environment secretary Steve Reed said on Thursday that he would not axe agricultural property relief (APR), a tax loophole that allows landowners to pass down their farms to their children tax free, should a Labour government come to power. Speaking at the Country Land and Business Association (CLA) conference, Reed was asked whether Labour intended to get rid of the tax break. He replied, “we don’t”, adding, “we have no intention of changing APR”.

What they say and what they do is not always the same though regardless of which party.

 

[Enry]

Quite the reverse...

Labour has 'no intention' of changing APR says Shadow Defra Secretary

Following an NFU briefing, Shadow Defra Secretary Steve Reed has confirmed the Labour Party has no plans to change inheritance tax including APR (Agricultural Property Relief), if it was to win the next election.

www.nfuonline.com

Labour rules out scrapping inheritance tax relief for farmland

Plans welcomed by landowners but could constrain party’s fiscal headroom if it wins power next year

www.ft.com

and of course, no politician ever did a U turn once in power did they

 

[neilo]

What they say and what they do is not always the same though regardless of which party.

and of course, no politician ever did a U turn once in power did they

I do hope you're not suggesting that they were telling the audience what they wanted to hear. That would be like the Conservative ministers going round in 2016, telling farming audiences that ag support would be even better after Brexit, whilst telling townie audiences that they could cut import tariffs and slash food costs...

No, I wouldn't trust either lot, but @Flatland guy was wrong to say that they had a stated policy to do away with ag property relief, when the opposite is in fact true.

 

[Hilly]

I do hope you're not suggesting that they were telling the audience what they wanted to hear. That would be like the Conservative ministers going round in 2016, telling farming audiences that ag support would be even better after Brexit, whilst telling townie audiences that they could cut import tariffs and slash food costs...

No, I wouldn't trust either lot, but @Flatland guy was wrong to say that they had a stated policy to do away with ag property relief, when the opposite is in fact true.

Its been so

I do hope you're not suggesting that they were telling the audience what they wanted to hear. That would be like the Conservative ministers going round in 2016, telling farming audiences that ag support would be even better after Brexit, whilst telling townie audiences that they could cut import tariffs and slash food costs...

No, I wouldn't trust either lot, but @Flatland guy was wrong to say that they had a stated policy to do away with ag property relief, when the opposite is in fact true.

Been so fatuous that keeps you going

 

[icanshootwell]

The FT article was citing the shadow environment secretary's speech at the CLA conference (so the bashers can't even blame the NFU for it). From that article...

The Labour party has ruled out scrapping inheritance tax relief for farmland if it wins the next general election, in a move welcomed by landowners but that would limit its future tax-raising options. Shadow environment secretary Steve Reed said on Thursday that he would not axe agricultural property relief (APR), a tax loophole that allows landowners to pass down their farms to their children tax free, should a Labour government come to power. Speaking at the Country Land and Business Association (CLA) conference, Reed was asked whether Labour intended to get rid of the tax break. He replied, “we don’t”, adding, “we have no intention of changing APR”.

He replied, “we don’t”, adding, “we have no intention of changing APR”.

I don't suppose a labour would ever do a U Turn on a policy

 

[Hilly]

I don't suppose a labour would ever do a U Turn on a policy

We all know the buggers all do it ! Non o them to be trusted .

 

[Flatlander]

We all know the buggers all do it ! Non o them to be trusted .

All the crooked f ers will say whatever it takes to get voted into power

 

[neilo]

I don't suppose a labour would ever do a U Turn on a policy

I don't doubt they would, just the same as the current lot do on an almost weekly basis.

I was just correcting the comment that abolishing ag relief is stated Labour policy currently, quite the reverse.

 

[Devil's advocate]

All the crooked f ers will say whatever it takes to get voted into power

You make them sound like tractor salesman.

Mind you...........

 

[Clive]

I was recently chatting with an old uni mate, who is now a financial advisor, about a few acres that have been sold near me for £12k per acre.

He was asking me why anyone would do this from a financial view point, because if they invested in the stock market they would get a lot better return.

Stock market has been averaging about 10% growth over the past 70 years, one £12k acre would never return £1200 per year, especially with no input.

It got me thinking is he correct??

The only argument that I could think of was for inheritance reasons, but he assured me that a Stock ISA is inheritance tax free and £20k per year can be put in with no tax on any growth in value.

Are there reasons why somone would buy acres instead of investing?

i don’t regret buying a single acre that we have over the last 20 years - it’s made me a lot more wealthy, it’s basically been free thanks to inflation

 

[AJ123]

i don’t regret buying a single acre that we have over the last 20 years - it’s made me a lot more wealthy, it’s basically been free thanks to inflation

Could you not say that about any asset that has increased in value? Houses, share indexes, classic cars, gold, etc etc

 

[d-wales]

i don’t regret buying a single acre that we have over the last 20 years - it’s made me a lot more wealthy, it’s basically been free thanks to inflation

Because purchase price plus interest = value now?