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)

Currently yes, but that is also being changed: the 100% relief from IHT on businesses is being reduced to 50% from April 2026: https://www.gov.uk/government/publications/agricultural-property-relief-… (View Post)

Eg the Blenheim estate was (IIRC) put into trust back in the 90s in order to avoid it passing to the control of the eldest son whom the Duke regarded as wildly unsuited to own or run the estate. (It … (View Post)

We make our own warheads & the missiles themselves are pulled at random from the same pool that the US subs use. The US could sabotage the entire pool I guess & then put them back to working … (View Post)

Farmland is valued for inheritance tax purposes as if it was under a perpetual covenant that only permits it to be used for agricultural purposes and nothing else: https://www.gov.uk/hmrc-internal-ma… (View Post)