It's also being misrepresented a bit
because the £1m figure they keep banging on about doesn't take into account IHT allowances, which would put it nearer to £2m.
And, as you say, totally avoidable if assets are transferred seven years before death.
Posted By: jamesward on November 19th 2024 at 12:27:01
Message Thread
- Currently googling brands of tractor (General Chat) - Old Git, Nov 19, 11:26:12
- I can tell a Massey from a John Deere at 500 yards (General Chat) - Old Man, Nov 19, 12:23:28
- agreed, a slightly more nuanced take on the matter from most of the media/nfu/clarksons (General Chat) - Tombs, Nov 19, 13:05:06
- It's also being misrepresented a bit (General Chat) - jamesward, Nov 19, 12:27:01
- But if it's avoidable and doesn't impact many farms per year, it can't generate much tax (General Chat) - SimonOTBC, Nov 19, 14:31:21
- Yes, I get that point (General Chat) - jamesward, Nov 19, 14:44:17
- But if it's avoidable and doesn't impact many farms per year, it can't generate much tax (General Chat) - SimonOTBC, Nov 19, 14:31:21
- Here you go (General Chat) - jamesward, Nov 19, 12:22:14
- How odd. I thought everybody was now an expert on farming. (n/m) (General Chat) - Legacy Fan, Nov 19, 12:06:49
- I can tell a Massey from a John Deere at 500 yards (General Chat) - Old Man, Nov 19, 12:23:28
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