Dan Neidle has changed his mind on IHT for Farmers

petal53 some people were talking about the news.
I expect that's why - it was the farmers protest that did it..

I admit the whole thread was a bit confusing as we (well I did) set off in the wrong direction initially.

petal53

I wasn’t saying anything about Syria. I was talking about the farmers and IHT, which is what the thread is about.

I didn't watch the BBC News, but I agree with their priorities.

I wasn’t saying anything about Syria. I was talking about the farmers and IHT, which is what the thread is about.

Freya5

petal53

I’ve just watched BBC news at 6 o clock. Unsurprisingly the verdict in the Sara Sharif case was featured first, then Syria and then a variety of other items. The farmers demonstration was featured at the end and was reported in about 30 seconds, if that. Obviously the BBC don’t consider this a major, or important story, even though it affects so many farmers and their families, and eventually will affect us all, if farms are sold off in order to pay IHT bills. We may have to import far more of our food if farms are sold off and bought by huge conglomerates who will produce inferior food if they produce any food at all.

I think this is a very important issue, but it appears that the BBC do not.

That does not surprise me at all. I did catch a bit from Syria yesterday according to the BBc don't usually listen to them, the only country bombing Syria is Israel , when most who listen to other than them are aware that Turkey and the US are also involved . They of course did not mention why it was being done. Of course not.

Turkey and US stopped the bombing but its still carrying on with the Israelis. Hence todays news re Israel. They are still bombing and seizing assets on the ground.

As for the BBC, I player news feed is on the case with a permanent newsfeed with all those details most of the day (closed overnight now).

. No other news source has this detail and also BBC reporters are there on the ground in Damascus and other areas with detail and interviews and tough questions.

Including why Netanyahu says they are doing it and you can read this for yourself
www.bbc.co.uk/news/articles/cdx921zreweo

According to several news outlets (not the BBC) the farmers’ tractors caused gridlock on the roads around Westminster today.

WHY weren’t they arrested?

petal53 unfortunately I am not surprised.

petal53

I’ve just watched BBC news at 6 o clock. Unsurprisingly the verdict in the Sara Sharif case was featured first, then Syria and then a variety of other items. The farmers demonstration was featured at the end and was reported in about 30 seconds, if that. Obviously the BBC don’t consider this a major, or important story, even though it affects so many farmers and their families, and eventually will affect us all, if farms are sold off in order to pay IHT bills. We may have to import far more of our food if farms are sold off and bought by huge conglomerates who will produce inferior food if they produce any food at all.

I think this is a very important issue, but it appears that the BBC do not.

That does not surprise me at all. I did catch a bit from Syria yesterday according to the BBc don't usually listen to them, the only country bombing Syria is Israel , when most who listen to other than them are aware that Turkey and the US are also involved . They of course did not mention why it was being done. Of course not.

I’ve just watched BBC news at 6 o clock. Unsurprisingly the verdict in the Sara Sharif case was featured first, then Syria and then a variety of other items. The farmers demonstration was featured at the end and was reported in about 30 seconds, if that. Obviously the BBC don’t consider this a major, or important story, even though it affects so many farmers and their families, and eventually will affect us all, if farms are sold off in order to pay IHT bills. We may have to import far more of our food if farms are sold off and bought by huge conglomerates who will produce inferior food if they produce any food at all.

I think this is a very important issue, but it appears that the BBC do not.

growstuff

I'll read it more carefully, but my initial understanding was that IFS has proposed a delay, but that's not what Dan Neidle is suggesting. It's certainly not what he's suggesting in the longer article (in his own words) in the Tax Policy Associates article.

In my OP I said Dan Neidle was in favour of IHT starting at a higher level not that he favoured delaying it.

I did t say he was in favour of delaying it, that is the IFS in The Guardian article.

I'll read it more carefully, but my initial understanding was that IFS has proposed a delay, but that's not what Dan Neidle is suggesting. It's certainly not what he's suggesting in the longer article (in his own words) in the Tax Policy Associates article.

growstuff in first couple of paragraphs it says that the IFS are in favour of delaying the roll out of this new law.

This is a link to Neidle's article:

taxpolicy.org.uk/2024/11/24/how-to-stop-iht-avoidance-but-protect-farmers/

Is this the article you read?

www.theguardian.com/environment/2024/nov/25/inheritance-tax-on-farms-should-be-delayed-to-avoid-unfairness-says-thinktank

This is a copy and paste from the article:

"Another tax expert, Dan Neidle, has produced research that finds the tax hits working farmers harder than tax avoiders. He has suggested equalising the inheritance tax to 40% but making it payable only when the land is sold, avoiding any impact on those who want to pass the family farm down to relatives.

Neidle suggested “a clawback of all inheritance tax relief for a farm if those inheriting farmland sell it within a certain time. In other words, upon a sale, all the [inheritance tax] that was previously exempt suddenly reappears and becomes charged.”

He also proposed the Treasury should raise the inheritance tax cap to about £20m so only the “largest and most sophisticated farm businesses become subject to [it]”.

Neidle isn't actually suggesting suspending the law for a few years, but tweaking it, so that the effects are mitigated for older farmers and those who don't want to sell the land.