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] 30 points 1 day ago (17 children)

Why should farmers be exempt from inheritance tax? Inheritance tax is a move towards equality, to give that money to the government to equitably distribute rather than some lucky children being rich just because they had rich parents.

[–] [email protected] -3 points 1 day ago (8 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.

[–] [email protected] 12 points 1 day ago (1 children)

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

[–] tankplanker 8 points 1 day ago* (last edited 1 day 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.

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