MikeL

One feature of the Budget is how few of the different predictions re tax increases actually happened - instead Reeves got the vast majority of additional tax from Employers NI. This was a smart move … (View Post)

The residence relief is only £350k of the £2m. Every (married) person has £650k for any asset. If total farm is £2m then living quarters only need to be worth £350k for result to be no IHT. (View Post)

So the average IHT bill will be £40,000 £2m tax free 20% on excess = 20% * 200,000 = £40,000 And that's the average. Let's get real. It appears no political journalist has the faintest idea. How many… (View Post)

Why is nobody in media even mentioning that £1m IHT agriculture relief is in addition to the £1m IHT relief any (married) person gets when leaving property to children. ie If you live on a farm and w… (View Post)

The most damning thing of all is the reduction to growth forecasts. Starmer said his number 1 priority is to raise growth. And in this very first budget the growth foreacsts have been reduced. (View Post)