The Lighthouse: September 27, 2024

[bombaysaffires]

Originally Posted by reebokandlace

Trying to change the subject in this thread…..

And in other news…..

The UK is going to start charging a death estate tax on farms that have been in families for hundreds of years…..

Is it to break up the farms so they are forced to sell the land and then the new landowners get it rezoned from AQ to REZ and put up ghastly rows of low quality homes forever dotting the lovely UK countryside?

there are very few truly small family farms left anywhere in the UK or the US. They are worth millions....even if they are still family owned. The size and scope of a "family" farm today bears no resemblance to what they were when they were founded. They are multi-million pound/dollar businesses. If anyone else wants to leave properties to their kids that are worth multiple millions, they have to pay taxes. Nothing different.