As an apt demonstration of how local councils are an obstacle to economic growth in this country you couldn’t ask for better. As a demonstration of how profitable modern farming is, I’m not so sure: … (View Post)

I think you have missed my point: 100% relief on IHT for farmland may have been introduced in the 1980s, but the wealthy at that point could evade IHT by putting their assets into trust: they had no … (View Post)

The UK was last self-sufficient in food around the mid 18th century. Up until the mid 19th we could feed outselves most of the time, but a poor harvest would have led to starvation without imports. S… (View Post)

The rules on the taxation of trusts were changed in 2006. Look when farmland prices start to rocket: https://www.savills.co.uk/landing-pages/rural-land-values.aspx It seems plausible that pre 2006, t… (View Post)

Unfortunately the net outcome of the IHT dodge has been to drive up the price of agricultural land even further out of reach of ordinary farmers. It seems to me that this is a classic case of subsidi… (View Post)