How is that different from any other family that inherits a business? The nominal amount might be different, but it's the same situation. If they can't afford to keep it, they need to sell - it's a frustrating situation for everyone, I don't see why farmers need to be special. As I said before, to protect society from wealth hoarding, inheritance tax is a necessity and should be properly enforced.
UrbonMaximus
I don't see how inheritance tax is to blame. You'd pay less on inheritance tax than paying income/capital gains tax on selling your land. I suspect other reasons were at play.
Sorry that your parents had to sell, but it sounds like you're blaming the wrong people.
What a strange take. I definitely think that we should support farmers, but not by exempting them from inheritance taxes. We should incentivise the correct things - If they work the land give them subsidies.
If you don't tax inheritance you're creating a generational wealth hoarding. Let's take Jeremy Clarkson for example - he openly stated that the reason he bought farmland was so that his children can inherit it tax free. If he didn't have a farming tv show, he would lease that land to actual farmers.
It might be different in other parts of the world, but in the UK, that has relatively high population density, sitting on farm land for generations can be very very lucrative. Most of the richest pieces of real estate in this country were farmland a century or two ago.
I haven't read through the UK's proposed plans for the ID card
I can see that.
They don't suggest to create an ID number, but rather a digital version of an ID card. There's already an NI number that most government services are tied to. There are provisional driving licences that you can get without knowing how to drive.
It doesn't seem that there's a problem that this digital ID will solve.
The public didn't ask for this. The senior civil servants who are the experts didn't suggest or advise on it. This is coming straight from a politician's think thank and vested interests, so of course no one is trusting it. It's the track and trace app all over again.
I wouldn't oppose a physical ID if they'd offer to print it and give to every citizen for free. But a mandatory app on your personal device is, as you said, a privacy nightmare.
For someone with no prior knowledge - can you explain why is that?
Momabikes.eu I think they're Spanish
Technically, aren't they kind of both?
No. The refugee convention states that it is not illegal to come here by any means necessary. If the UK is not happy with it, they can resign from the convention. Until then, the UK needs to follow the law.
Seems like you're confusing asylum seekers with illegal migrants.
Did he say that in German?
There's an update that came out at the start of this year. You can find it here.
Long story short - it's as safe as any other dark chocolate on the market.
You clearly are invested in this issue, but your are missing the point.
You might not be aware of other industries, but it's a very similar situation in most essential businesses - high equipment costs and low margins.
I would still argue that family members who inherit a business are in a better position then, for example, a 20 year old waiter who inherits their mom's house in London. They also need to pay taxes that they can't afford.
Anyways... No one is saying that farmers or any essential businesses shouldn't get support. It's just that inheritance tax exemption is the wrong one, because if you create a loophole the rich will exploit it.