On the contrary, it is called Inheritance Tax. APR stands for Agricultural Property Relief. i.e. the amount of “relief” (in the form of a reduced rate) you get on your inheritance tax. Until now the … (View Post)

Russia still has some tank producing capacity. But it’s no-where near enough to match the current loss rate. Once they’ve burnt through the Soviet legacy stocks their capacity for war-making will rad… (View Post)

This is not a convincing argument. Agricultural land is an asset worth many £millions, which has actual rental value. If you can rent the land, then it’s more than just a “tool of the trade” - it’s a… (View Post)

NB. Point of order: Business asset relief means you pay 20%, not 40% IIRC. Plus you get £1million in tax free allowance? (View Post)

Why should a family firm or farm be exempt from the same taxes everyone else has to pay? You could, perhaps, make a case that IHT shouldn’t apply to anyone. But what’s the justification for carving o… (View Post)