eazybee
I thought Camilla Tominey was very good this morning; clear and succinct.
The Farming community is different and it is difficult to equate it with other businesses. I don't know how it compares with businesses such as family-run hotels, for example.
Personally, is it any different to any other family business?? Hotels are asset rich and cash poor, and I’m sure that there are other family run businesses.
A friend of mine has a husband, separated but still married, whose mother owned a large arable farm, some of which hadn’t been farmed for years, a very large farmhouse and at least two other residences in her land. She sadly died late last year. No child is going to take over the farm, no animals to sell or slaughter and three siblings inheritating the lot, much of which will be sold on after probate. Some of the land has in principle planning permission, tripling the value. Is this fair? No inheritance tax? Possibly capital gains, possibly not!