I wanted to write in support of the protest planned in London on Wednesday, November 20, by the National Farmers’ Union about Rachel Reeves’ inheritance tax plans against farmed land values and passing on the torch to the next generation of farmers.
Farm profits are so marginal, averaging less than one per cent, so the majority of farmers, as Jeremy Clarkson attests, simply cannot afford this new tax when inheriting a farm.
Farms will have to be sold. Green landscapes will become giant housing estates, maybe this was the plan all along!
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To add insult to injury, we hear nothing from Government about any plans to ask the Crown to pay the same tax or any other new taxes on their considerable estates.
I hope the Royal Family now volunteer to pay inheritance tax and capital gains tax like every other family. If you haven’t read the Sunday Times or watched C4 Dispatches programme about the earnings on Royal estates from the likes of the NHS, Ministry of Defence and local schools, it is a must.
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I, for one, don’t want the heart of farming and landowning, people farming fewer than 1,000 acres, to become the exclusive of kings and celebrities.
The rural economy, farm estates and the green and pleasant lands of Herefordshire deserve better. Let’s get this new tax policy changed and the Crown Estates treated like everyone else.
MRS V MUNRO
Canon Pyon
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