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Tough news for protesting farmers: Labour doesn’t actually need their votes
(theconversation.com)
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this post was submitted on 22 Nov 2024
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I might be wrong and would love to be corrected, but I'm under the impression that this tax change only affects the mega rich farmers
Are they pulling the wool over our eyes for their own gain?
As per usual most of this is Labour's fault for being utterly awful at communication.
They only end up paying tax once their property is worth over 1 million pounds, but estate agents always overestimate the value of land. So they're being told the land is worth over 1 million pounds even though it obviously isn't.
What is somewhat unclear is how exactly the government would determine that their assets are worth over 1 million pounds. In order to know how much the land was actually worth they would actually have to sell it which obviously poses some difficulties.