@josiah.writes.news
bylinetimes.com/2024/12/12/t...
@josiah.writes.news
bylinetimes.com/2024/12/12/t...
Community assets are safest in community hands. We must safeguard our incredible cultural export by bringing more grassroots venues into community ownership.
https://buff.ly/3OqvPk1
It's £1m untaxed, plus £325k of standard tax free inheritance.
You can double that if the farmer is married.
So farmers can hand down £2.65m tax free, and their kids pay 20% on everything else.
Tax on your job is 40% over £50k
"Land owner" is not a job
🧵
It's just closing a loophole that's been used to avoid inheritance tax, and which pushes up farm rents and makes it harder for 76% if farmers to make a profit.
It's £1m untaxed, plus £325k of standard tax free inheritance.
You can double that if the farmer is married.
So farmers can hand down £2.65m tax free, and their kids pay 20% on everything else.
Tax on your job is 40% over £50k
"Land owner" is not a job
🧵