Nigel Farage in London with hundreds of farmers today

theworriedwell

Chocolatelovinggran

theworriedwell, I have no problem with my heirs paying Inheritance Tax.
However, I am keen to clarify that the threshold for this tax for a single person is £500K.
My 1930 three bedroomed semi in the South East is worth that, so please bear that in mind when you see this levy as troubling only the wealthy. Assuming that it is not adjusted upwards, more and more people will be eligible.

Well the first 500k is untouched. If someone is inheriting significantly more than that I don't see why they shouldn't pay some tax on it. Maybe help those who never got on the housing ladder. My house is worth 5 times what I paid for it, do my kids have some right to all of that gain?

I assume you brought your house with your earned income, which has been taxed.

All upkeep on your house paid for with your earned income, which has been taxed.

All furnishings, white goods etc., paid for with your earned income, which has been taxed plus 20% VAT

Plus anything interest over £1,000 (£500 for 40% tax payers) is taxed.

Mine is and I have, that’s enough of my hard earned £’s going to any government thank you.

Barleyfields

Wouldn’t you want your children to benefit?

Altruism is all very well but I believe in paying my fair share of tax throughout life; however, IHT is another matter.

Would some posters be happy if Government inspectors came into people's homes, taking away any property that might be more valuable than when the owner bought it?

If not, why should the government be able to do that after a person has died? It's not just the home, it's all property which has to be listed and valued.

Wouldn’t you want your children to benefit?

maybe help those who never got on the housing ladder

If it goes to the government it won't help those who never managed to buy a house. It will disappear into that black hole, or is that a figment of imagination? It will not go directly to potential house owners.
If it goes to my heirs, the one unable to get on the housing ladder might be able to, thus freeing up a rental property for someone else.

Chocolatelovinggran

theworriedwell, I have no problem with my heirs paying Inheritance Tax.
However, I am keen to clarify that the threshold for this tax for a single person is £500K.
My 1930 three bedroomed semi in the South East is worth that, so please bear that in mind when you see this levy as troubling only the wealthy. Assuming that it is not adjusted upwards, more and more people will be eligible.

Well the first 500k is untouched. If someone is inheriting significantly more than that I don't see why they shouldn't pay some tax on it. Maybe help those who never got on the housing ladder. My house is worth 5 times what I paid for it, do my kids have some right to all of that gain?

Barleyfields

It’s affecting more and more every year theworriedwell. The threshold has remained unchanged for many years, whilst house prices have risen dramatically.

Maybe it's an issue in the south east but for the rest of the country not so much. If you sort your will out people it really is a minority who are affected and if a couple are leaving more than 750k why shouldn't they pay some tax on it particularly as the money made on the value of a house is untaxed anyway.

theworriedwell, I have no problem with my heirs paying Inheritance Tax.
However, I am keen to clarify that the threshold for this tax for a single person is £500K.
My 1930 three bedroomed semi in the South East is worth that, so please bear that in mind when you see this levy as troubling only the wealthy. Assuming that it is not adjusted upwards, more and more people will be eligible.

I can’t stand Farage, but I’m with him on the farmers issue. IMO it’s nothing but class warfare on the part of Labour - farmers = landowners = undeserving upper crust who need showing who’s boss and clobbering with tax.

I could easily stand on a platform and say what people want to hear, with no idea how I would actually put what I say into practice.
Is nothing to it.
Most of us could do the same.
Farage. Money. Old. Rope. All words that spring to mind.

It’s affecting more and more every year theworriedwell. The threshold has remained unchanged for many years, whilst house prices have risen dramatically.

Barleyfields

Farage said today that he wants an end to inheritance tax. That would be a vote winner, though he doesn’t say how he would make up the loss in revenue.

I am against IHT, call it what it is a death tax.

Taxing money which has already taxed during the lifetime of the deceased is wrong.

Barleyfields

Farage said today that he wants an end to inheritance tax. That would be a vote winner, though he doesn’t say how he would make up the loss in revenue.

Nothing Farage says he will do is ever costed. He is such a fraud.

Barleyfields

Farage said today that he wants an end to inheritance tax. That would be a vote winner, though he doesn’t say how he would make up the loss in revenue.

And it doesn't affect that many anyway.

Farage said today that he wants an end to inheritance tax. That would be a vote winner, though he doesn’t say how he would make up the loss in revenue.

Well, Mr Farage is unlikely to be found in his constituency today- or any other day, I understand.
Do his constituents have other pressing needs he might be addressing , or is it that Clacton has a lot of agricultural land ?
I don't think so, but am happy to be corrected, as it is not a part of the country that I know well.
Supporters of Mr F, would you be pleased if this was your MP- never seen, never speaking in Parliament amount issues important to you, but often seen in the media offering his views on other matters?

Farage is a publicity hound, eager to get his mug on the telly, but is not for rolling up his sleeves and actually getting a job done, as his constituents in Clacton - who have yet to see him - will bear testament to.
And will he stand against his hero Trump if a trade deal with the US is bad for our farmers? For as we all know Farage is ‘selective’ when it comes to other countries having an association with the UK.
In a nutshell -
EU - bad
US - good
Even when that association is far from good.

theworriedwell

I hate the no farmers no food. How about no nurses no NHS, no teachers no schools, no lorry drivers no distribution, no shop assistants no way to buy food, no scientists no breakthroughs saving lives, no power workers no electricity. Do they seriously think they are the only people who matter.

Not at all

No Farmers No Food is the tag used by the NFU and other farming organisations.

The professions you list could come up with their own slogan

Rula

Won't a lot of land end up being built on or turned into solar power farms?

Plenty of farmers near me seem happy to sell up to developers.

I hate the no farmers no food. How about no nurses no NHS, no teachers no schools, no lorry drivers no distribution, no shop assistants no way to buy food, no scientists no breakthroughs saving lives, no power workers no electricity. Do they seriously think they are the only people who matter.

Saw two people representing farmers on TV this morning. Neither seemed very enthusiastic about Farage. Both saying he needs to be with farmers or his trade deal with Trump which will be terrible for them.

Nigel is only ever interested in himself!

JudyBloom

Well done Nigel supporting the Farmers.

😂😂😂😂😂

HPQ

Yes!

MayBee70

JudyBloom

Well done Nigel supporting the Farmers.

Have you not read any of the previous posts?

evidently not. This disinterest in reading all around a subject and not just responding to knee jerk pronouncements is exactly why Brexit happened and why this chancer is still strutting around, giving his unasked for and ill informed opinions.

HousePlantQueen Mon 10-Feb-25 12:29:07
Thanks, HousePlantQueen.

The farmers know a chancer when they see one!