this post was submitted on 20 Nov 2024
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Organisers urged protesters not to bring farm machinery into central London, though some tractors drove past Downing Street covered with signs saying “the final straw” and “no farmers, no food.”

Archived version: https://archive.li/6qCeT

SpinScore: https://spinscore.io/?url=https%3A%2F%2Fwww.euronews.com%2F2024%2F11%2F20%2Fthousands-of-uk-farmers-descend-on-parliament-to-protest-against-inheritance-tax-hike

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[–] [email protected] -3 points 3 days ago (2 children)

Inheritance tax is entirly escapable by doing dodgy shell company trust arrangements across different countries. It is a tax only paid by the lower and low middle class that prevents people to build intergenerational wealths and keeps the lower classes down. The farmers shouldnt be exempt but that doesnt mean they dont have a damn fine point.

[–] BrikoX 12 points 3 days ago (1 children)

Tax only applies to farms worth more than £1 million, so "lower and low middle class" are exempt.

[–] [email protected] 8 points 3 days ago* (last edited 3 days ago)

It's 3m of you are married and use all the allowances. Even then it's only on the amount over that and at half the usual rate, then you get ten years to pay it back.

[–] [email protected] 11 points 3 days ago* (last edited 3 days ago) (1 children)

Inheritance tax should be amended to be also paid on trusts (and stocks and shares) then. Just because it's currently implemented badly doesn't mean it's a flawed concept.