UK Politics
General Discussion for politics in the UK.
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Real question is. If the farm is a business. Then why are farmers refusing to place the land in the LTD.
Answer because this is already taxed in a different way to non property owning businesses.
So yep farm owners are all makeing a choice. They are trying to save tax on a operational basis. And now that choice means they choose to lose the value when they die. As a LTD would be an independent entity and passed without personal taxation. Much like a trust dose.