I didn’t manage to go…..long day full of stress. We are away to Corfu on Friday so it’s on my list for when I’m
Back
17.09.2025 16:07 — 👍 0 🔁 0 💬 1 📌 0
I’m going later so will have a look
16.09.2025 11:32 — 👍 1 🔁 0 💬 2 📌 0
Windermere looking resplendent this morning
29.11.2024 11:45 — 👍 0 🔁 0 💬 0 📌 0
Wordle 1,252 2/6
🟨🟩🟩🟨⬜
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22.11.2024 06:53 — 👍 1 🔁 0 💬 0 📌 0
Wow indeed. Fabulous work everyone 👏👏👏
21.11.2024 20:11 — 👍 3 🔁 2 💬 0 📌 0
Screenshot of a letter to the Financial Times with the following text:
Far from "protecting the family farm", as claimed by Tom Bradshaw, president of the National Farmers' Union (Opinion, FT.com, November 5), the inheritance tax loophole on farmland, introduced in 1984, simply pushed up the price of land without improving returns to active farmers.
This is because, like most agricultural subsidies, the value of the relief was capitalised into land values. As tax planners cottoned on to its role as a licence to avoid IHT, they advised their super-rich clients to buy land and take advantage of it. In the 20 years to 2012, the price of farmland increased fourfold.
This turned landowning farmers into millionaires but - especially since land represents a cost of production - did no good to the incomes of food producers. It created impoverished millionaires who claimed a need for more support. At the same time, because more expensive land had to be squeezed even harder for the last drop of revenue, the environmental damage caused by intensive agriculture was made worse. Taking at least some of this tax loophole away will do no harm to family farmers but will help both public revenues and the environment.
Just a shame the relief was not wholly abolished.
Paul Cheshire
Emeritus Professor of Economic Geography London School of Economics, London N7, UK
If you want to understand the #farmers inheritance tax issue you only need to read this.
Thanks to @duncanstott.bsky.social for sharing.
All content available in the alt text too.
20.11.2024 10:48 — 👍 81 🔁 42 💬 0 📌 4
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16.11.2024 15:25 — 👍 16 🔁 16 💬 0 📌 4
We packed this beer yesterday and it might just be our most fun one in ages. Close your eyes and it could be dark. Open them and you won't expect the chocolate and vanilla flavour. It's deliciously smooth. Should be online on Monday once we've finished our pack-a-thon!
13.11.2024 07:33 — 👍 35 🔁 5 💬 2 📌 0
