GrannyGravy13
MaizieD
GrannyGravy13
Housing is irrelevant to this topic
Actually MaizieD it isn’t as the Deputy PM has stated repeatedly that this Government will allow building homes on greenfield sites. I wouldn’t be surprised if Labour allow PDR’s on farmland.
It is when we are talking about land sales to foreign investors.
I think you are missing the point that once foreign investors have purchased land in the U.K. it is theirs to do with as they wish provided they get the appropriate change of use permission.
It doesn’t have to be a foreign investor, anyone can do that “BUT” why would they, they then loose the IHT concession.
You can develope it into a golf course, housing estate or whatever you want, there are no concessions.
That is the disadvantage of diversified enterprises there is no IHT concession, you pay business rates too, so to be worthwhile you must have a high income, which you then pay income tax on.