Farmers have hoarded land for too long. Inheritance tax will bring new life to rural Britain

Skip to comments.

Posted on 11/21/2024 9:53:46 PM PST by Jonty30

One of the baleful dimensions of our times is the way that the conversation about what constitutes the good society is framed by the rich and their interests. A conception of the common good withers; instead it is replaced by the existential importance of private wealth, private interests and private ownership to societal health. Nowhere is this more exposed than in the debate over taxation, and in particular the taxation of inherited wealth – as the debate over the past fortnight has dramatised.

Half a million people die every year. Under the reforms to inheritance tax relief on agricultural land proposed in the budget, about 500 individuals who inherit land worth more than £2m (£3m if they were married to the deceased) will join the rest of society and have inheritance tax levied on their bequest – albeit at half the rate, with an enlarged exemption and 10 years to pay it, concessions not made to the rest of us. How fortunate and privileged are they?

Hey! FReepers!
Help Fill The Tank!
How About It? Huh?
It Ain't Askin' Too Much
Ya Know....

Click here: to donate by Credit Card

Or here: to donate by PayPal

Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794

Thank you very much and God bless you.

It will be a disaster on the scale of the kulaks.

1 posted on 11/21/2024 9:53:46 PM PST by Jonty30

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

FreeRepublic.com is powered by software copyright 2000-2008 John Robinson